Iowa Innovation Learning Center Inc
Iowa Innovation Learning Center Inc. reports $0 revenue and assets, indicating severe financial distress or cessation of operations.
EIN: 205838514 · Cedar Rapids, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $370K |
| Program Spending | 70% |
| Net Assets | $49K |
| Transparency Score | 10/100 |
Is Iowa Innovation Learning Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iowa Innovation Learning Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Iowa Innovation Learning Center Inc
Iowa Innovation Learning Center Inc (EIN: 205838514) is a nonprofit organization based in Cedar Rapids, IA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Innovation Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Innovation Learning Center Inc is a micro nonprofit, with 6 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -18.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $370K |
| Surplus / Deficit | $-327,958 |
| Total Assets | $70K |
| Total Liabilities | $21K |
| Net Assets | $49K |
| Operating Margin | -789.3% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2015, Iowa Innovation Learning Center Inc reported a deficit of $328K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 6 years of filings (2011–2015), Iowa Innovation Learning Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -84.4% | -38.7% | -82.3% |
| 2014 | -3.2% | +30.5% | -47.6% |
| 2013 | -25.9% | +53.2% | -17.0% |
| 2011 | -718.4% | -73.9% | -39.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iowa Innovation Learning Center Inc with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Iowa Innovation Learning Center Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $328K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.6%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, which is positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Iowa Innovation Learning Center Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential insolvency or inactivity.
- Consistent and significant operating deficits over multiple years (e.g., $327,958 deficit in 2015, $335,572 deficit in 2014).
- Dramatic decline in assets from $1,355,527 in 2011 to $0 in the latest period.
- Negative revenue reported in 2011 (-$572,452), which is highly unusual and concerning.
Strengths
The following positive indicators were identified for Iowa Innovation Learning Center Inc:
- No officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
Frequently Asked Questions about Iowa Innovation Learning Center Inc
Is Iowa Innovation Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iowa Innovation Learning Center Inc (EIN: 205838514) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Iowa Innovation Learning Center Inc spend its money?
Iowa Innovation Learning Center Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iowa Innovation Learning Center Inc tax-deductible?
Iowa Innovation Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 205838514). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Iowa Innovation Learning Center Inc's spending goes to programs?
Iowa Innovation Learning Center Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Iowa Innovation Learning Center Inc located?
Iowa Innovation Learning Center Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 205838514.
How many years of IRS 990 filings does Iowa Innovation Learning Center Inc have?
Iowa Innovation Learning Center Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Iowa Innovation Learning Center Inc. still operational?
The latest IRS 990 filing showing $0 in revenue and assets strongly suggests the organization is no longer actively operating or has ceased its mission-related activities.
What caused the significant decline in assets from $1.3 million to $0?
The consistent pattern of expenses far exceeding revenue over multiple years (e.g., $369,506 expenses vs. $41,548 revenue in 2015) likely led to the depletion of assets to cover operational deficits.
Why did the organization consistently spend more than it earned?
The filings indicate a structural imbalance where fundraising or grant acquisition was insufficient to cover the organization's operational expenses, leading to sustained financial losses.
Filing History
IRS 990 filing history for Iowa Innovation Learning Center Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2015), Iowa Innovation Learning Center Inc's revenue has declined by 55.1%, moving from $93K to $42K. Total assets decreased by 94.8% over the same period, from $1.4M to $70K. Total functional expenses rose by 441.7%, from $68K to $370K. In its most recent filing year (2015), Iowa Innovation Learning Center Inc reported a deficit of $328K, with expenses exceeding revenue. The organization holds $21K in liabilities against $70K in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $49K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $42K | $370K | $70K | $21K | — | View 990 |
| 2014 | $267K | $603K | $395K | $7K | — | View 990 |
| 2013 | $276K | $462K | $755K | $20K | — | View 990 |
| 2012 | $373K | $302K | $910K | $20K | — | View 990 |
| 2011 | $-572,452 | $18K | $825K | $60K | — | View 990 |
| 2011 | $93K | $68K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $42K, expenses of $370K, and assets of $70K (revenue -84.4% year-over-year).
- 2014: Revenue of $267K, expenses of $603K, and assets of $395K (revenue -3.2% year-over-year).
- 2013: Revenue of $276K, expenses of $462K, and assets of $755K (revenue -25.9% year-over-year).
- 2012: Revenue of $373K, expenses of $302K, and assets of $910K.
- 2011: Revenue of $-572,452, expenses of $18K, and assets of $825K (revenue -718.4% year-over-year).
- 2011: Revenue of $93K, expenses of $68K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Innovation Learning Center Inc:
Data Sources and Methodology
This transparency report for Iowa Innovation Learning Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.