IOWA CAPITAL INVESTMENT CORPORATION

EIN: 371452496 501(c)(3) Community Improvement

OKLAHOMA CITY, OK

Total Revenue
$75,000
Total Expenses
$1,800
Total Assets
$19,684
Net Assets
$-215,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IA
Principal Officer
MARY MOSIMAN
Phone
5158832904
Tax Period
2024-01-01 to 2024-12-31

IOWA CAPITAL INVESTMENT CORPORATION, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $75K in total revenue in fiscal year 2024. The organization ran a surplus of $73K, a strong 98% operating margin.

Mission

IOWA CAPITAL INVESTMENT CORPORATION'S (ICIC) PRIMARY PURPOSE IS TO ORGANIZE AND MANAGE THE IOWA FUND OF FUNDS. ICIC CONDUCTS ITS ACTIVITIES FOR THE EXCLUSIVE BENEFIT OF THE STATE OF IOWA. THROUGH ITS OPERATIONS, ICIC PROMOTES ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN IOWA, AND WORKS TO LESSEN THE BURDENS IMPOSED UPON THE STATE'S GOVERNMENT. BY SERVING AS THE GENERAL PARTNER AND OPERATING THE IOWA FUND OF FUNDS, ICIC ENCOURAGES INVESTMENT IN LOCAL INDUSTRY AND WORKS TO CREATE JOBS AND ALLEVIATE UNEMPLOYMENT IN IOWA.

Program Service Accomplishments

Program 1
Revenue: $75,000

IOWA CAPITAL INVESTMENT CORPORATION ACTS AS THE GENERAL PARTNER OF THE IOWA FUND OF FUNDS. THE IOWA FUND OF FUNDS HAS COMMITTED A TOTAL OF $34.96 MILLION TO VENTURE CAPITAL FUNDS THAT MAINTAIN AN...

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IOWA CAPITAL INVESTMENT CORPORATION ACTS AS THE GENERAL PARTNER OF THE IOWA FUND OF FUNDS. THE IOWA FUND OF FUNDS HAS COMMITTED A TOTAL OF $34.96 MILLION TO VENTURE CAPITAL FUNDS THAT MAINTAIN AN IOWA PRESENCE AND HAVE AGREED TO SEEK INVESTMENT OPPORTUNITIES IN IOWA DURING THEIR ACTIVE INVESTMENT PERIOD. THE MANAGERS OF ALL OF THE SELECTED VENTURE FUNDS HAVE ALSO AGREED, DURING SAID INVESTMENT PERIOD, TO PARTICIPATE IN A WIDE VARIETY OF IOWA VENTURE ACTIVITIES, AS WELL AS TO CONDUCT AGGRESSIVE DEAL PROSPECTING THROUGHOUT THE STATE. FUND MANAGERS HAVE ALSO WORKED WITH IOWA UNIVERSITIES, REGIONAL BUSINESS ACCELERATORS, AND LOCAL DEVELOPMENT GROUPS TO HELP ASPIRING IOWA GROWTH BUSINESSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $75,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $75,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,800
TOTAL EXPENSES $1,800

Year-over-Year Comparison

2024 2023 Change
Revenue $75,000 $75,000 N/A
Expenses $1,800 $8,501 -0.8%
Net Income $73,200 $66,499 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY MOSIMAN PRESIDENT 0.25
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $75,000 $1,800 $19,684 $73,200
2023 $75,000 $8,501 $21,484 $66,499
2022 $75,000 $9,574 $493,185 $65,426
2021 $75,000 $9,975 $426,307 $65,025
2020 $75,000 $14,364 $361,034 $60,636
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