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← UNIVERSITY OF IOWA RESEARCH PARK CORPORATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF IOWA RESEARCH PARK CORPORATION.

Totals

Total revenue
$382,893
Total expenses
$229,047
Contributions and grants received
$115,631
Grants paid
$0
Program service revenue
$240,233
Investment income
$27,029
Other revenue
$0
Total assets, end of year
$4,957,072
Total liabilities, end of year
$1,975,896
Net assets or fund balances, end of year
$2,981,176
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $115,631

  • 2a · Program service revenue: LAND LEASES

    total $240,233 · related or exempt $240,233

  • 3 · Investment income

    total $27,029 · excluded $27,029

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $35,048

  • 7 · Other salaries and wages

    total $53,041

  • 8 · Pension plan contributions

    total $5,193

  • 9 · Other employee benefits

    total $12,601

  • 10 · Payroll taxes

    total $6,066

  • 11c · Fees: accounting

    total $2,531

  • 11g · Fees: other

    total $4,300

  • 16 · Occupancy

    total $10,564

  • 17 · Travel

    total $2,814

  • 22 · Depreciation, depletion and amortization

    total $75,280

  • 23 · Insurance

    total $13,189

  • 24a · Other expenses: MISC EXPENSES

    total $7,190

  • 24b · Other expenses: SHARED SERVICES

    total $1,230

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,655,758 · end of year $2,821,695

  • 4 · Accounts receivable

    beginning of year $88,075 · end of year $87,605

  • 10a · Land, buildings and equipment: cost or other basis

    $2,886,212

  • 10b · Land, buildings and equipment: accumulated depreciation

    $838,440

  • 10c · Land, buildings and equipment, net

    beginning of year $2,123,051 · end of year $2,047,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,726 · end of year $12,032

  • 19 · Deferred revenue

    beginning of year $2,029,828 · end of year $1,963,864

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $2,123,051 · end of year $2,047,771

  • 31 · Retained earnings, endowment or other funds

    beginning of year $704,279 · end of year $933,405

Mission and programs · 2023

Mission

THE UNIVERSITY OF IOWA RESEARCH PARK CORPORATION (UIRPC) OFFERS GROWING COMPANIES A WIDE RANGE OF BUILDING SITES OR LEASED OFFICE AND LABORATORY SPACE IN A PARK-LIKE ENVIRONMENT FEATURING CONVENIENT ACCESS TO RESEARCH RESOURCES OF THE UNIVERSITY OF IOWA.

Activities or mission (Part I)

A TITLE HOLDING ENTITY THAT OPERATES A RESEARCH PARK FOR THE UNIVERSITY OF IOWA.

  • UIRPC OPERATES A RESEARCH PARK AND IS AN AFFILIATED ORGANIZATION OF THE UNIVERSITY OF IOWA. UIRPC IS THE LESSEE OF A MASTER GROUND LEASE WITH THE STATE OF IOWA AND LEASES BUILDING SITES AND SPACE TO GROWING COMPANIES THAT DESIRE SUSTAINED RESEARCH RELATIONSHIPS WITH THE UI.IN THE YEAR ENDED JUNE 30, 2024 UIRPC MANAGED THIRTEEN LAND LEASES. INCOME FROM THESE LEASES TOTALED $240,233 WHILE OPERATING EXPENSES TOTALED $229,047. FOURTEEN OF A TOTAL OF TWENTY-SEVEN LOTS REMAIN TO BE LEASED.

As filed on the 2023 return.

Listed in Part VII

  • Darsee Jon

    PRESIDENT

    Total calculated
    $304,053
    From this org
    $0
    From related orgs
    $257,497
    Other
    $46,556
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,536 related
    Bonus
    $0
    Other
    $0 + $1,961 related
    Deferred
    $0 + $25,760 related
    Nontaxable benefits
    $0 + $20,796 related
    Filer's total
    $0 + $304,053 related

  • Dengler Stephanie

    SECRETARY

    Total calculated
    $135,725
    From this org
    $24,712
    From related orgs
    $80,914
    Other
    $30,099
    Hours/week
    10 + 30 related

  • Johnson Terry

    TREASURER

    Total calculated
    $417,080
    From this org
    $0
    From related orgs
    $358,066
    Other
    $59,014
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,589 related
    Bonus
    $0
    Other
    $0 + $4,477 related
    Deferred
    $0 + $36,078 related
    Nontaxable benefits
    $0 + $22,936 related
    Filer's total
    $0 + $417,080 related

  • Kerbeshian Marie

    VICE PRESIDENT

    Total calculated
    $300,290
    From this org
    $0
    From related orgs
    $252,366
    Other
    $47,924
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,443 related
    Bonus
    $0
    Other
    $0 + $1,923 related
    Deferred
    $0 + $25,433 related
    Nontaxable benefits
    $0 + $22,491 related
    Filer's total
    $0 + $300,290 related

  • Boothby Phil

    DIRECTOR

    Total calculated
    $334,644
    From this org
    $0
    From related orgs
    $284,520
    Other
    $50,124
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,867 related
    Bonus
    $0
    Other
    $0 + $38,653 related
    Deferred
    $0 + $24,838 related
    Nontaxable benefits
    $0 + $25,286 related
    Filer's total
    $0 + $334,644 related

  • Hayworth Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Johnson Frances

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Nolte Mark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Kregel Kevin

    DIRECTOR

    Total calculated
    $600,959
    From this org
    $0
    From related orgs
    $535,287
    Other
    $65,672
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $523,715 related
    Bonus
    $0
    Other
    $0 + $11,572 related
    Deferred
    $0 + $44,000 related
    Nontaxable benefits
    $0 + $21,672 related
    Filer's total
    $0 + $600,959 related

  • Whitters Alec

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Scholtz John

    FORMER OFFICER

    Total calculated
    $466,307
    From this org
    $0
    From related orgs
    $410,489
    Other
    $55,818
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $396,759 related
    Bonus
    $0
    Other
    $0 + $13,730 related
    Deferred
    $0 + $32,840 related
    Nontaxable benefits
    $0 + $22,978 related
    Filer's total
    $0 + $466,307 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, QUESTION 3:
ALL COMPENSATION IS PAID THROUGH AND ESTABLISHED BY THE UNIVERSITY OF IOWA, A RELATED ORGANIZATION. THE POLICIES OF THAT ORGANIZATION ARE USED TO DETERMINE COMPENSATION, WHICH INCLUDE COMPENSATION SURVEYS OR STUDIES. THE UNIVERSITY OF IOWA IS THE COMMON PAYMASTER FOR UIRPC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ENCOMPASS HEALTH REHABILITATION HOSPTIAL OF IOWA CITY LLC

    REHAB HOSPITAL · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UNIVERSITY OF IOWA HEALTH SYSTEM

    C · MEDICAL SERVICES · IA

  • IOWA MEDICAL MUTUAL INS CO

    C · MALPRACTICE INSURANCE · IA

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202541329349302399

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