Iowa Capital Investment Corporation
- Assets
- $493.2k
- Revenue
- $75.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 37-1452496
Organization Overview
Iowa Capital Investment Corporation is located in Oklahoma City, OK. The organization was established in 2004. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Capital Investment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.ICIC'S 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $75,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,644 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,230 |
| All other expenses | $0 |
| Total functional expenses | $9,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,230 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $300,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $493,185 |
| Accounts payable and accrued expenses | $1,700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,700 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $491,485 |
| Total liabilities and net assets/fund balances | $493,185 |