Totals
- Total revenue
- $2,559,453
- Total expenses
- $1,479,785
- Contributions and grants received
- $0
- Grants paid
- $1,000,000
- Program service revenue
- $0
- Investment income
- $661,304
- Other revenue
- $1,898,149
- Total assets, end of year
- $18,578,444
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $18,578,444
- Program services expenses (Part IX)
- $1,000,000
- Management and general expenses
- $479,785
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,000,000
Program services were 67.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
3 · Investment income
total $242,705 · excluded $242,705
-
5 · Royalties
total $1,669,845 · excluded $1,669,845
-
7a · Gross sales of assets other than inventory
securities $24,454 · other assets $481,114
-
7b · Less cost or other basis and sales expenses
other assets $86,969
-
7c · Gain or loss
securities $24,454 · other assets $394,145
-
7d · Net gain or loss
total $418,599 · excluded $418,599
-
11a · Other revenue: MINERAL, SURFACE, OTHER LEASE
total $228,304 · excluded $228,304
-
11e · Other revenue, total
$228,304
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000,000 · program services $1,000,000
-
7 · Other salaries and wages
total $9,450 · management and general $9,450
-
8 · Pension plan contributions
total $945 · management and general $945
-
9 · Other employee benefits
total $3,757 · management and general $3,757
-
10 · Payroll taxes
total $723 · management and general $723
-
11a · Fees: management
total $117,599 · management and general $117,599
-
11b · Fees: legal
total $14,833 · management and general $14,833
-
11c · Fees: accounting
total $18,300 · management and general $18,300
-
11g · Fees: other
total $51 · management and general $51
-
13 · Office expenses
total $162 · management and general $162
-
23 · Insurance
total $34,745 · management and general $34,745
-
24a · Other expenses: LOUISIANA SEV. TAX - OIL
total $155,863 · management and general $155,863
-
24b · Other expenses: LA - LAND RE TAX
total $53,288 · management and general $53,288
-
24c · Other expenses: LOUISIANA SEV. TAX - GAS
total $35,787 · management and general $35,787
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $34,282 · management and general $34,282
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $244,347 · end of year $188,566
-
10a · Land, buildings and equipment: cost or other basis
$1,747,899
-
10c · Land, buildings and equipment, net
beginning of year $1,788,722 · end of year $1,747,899
-
11 · Investments: publicly traded securities
beginning of year $15,465,707 · end of year $16,641,979
-
29 · Capital stock, trust principal or current funds
beginning of year $57,900 · end of year $57,900
-
31 · Retained earnings, endowment or other funds
beginning of year $17,440,876 · end of year $18,520,544
Mission and programs · 2022
Mission
THE EXCLUSIVE PURPOSE AND ACTIVITY OF THE ORGANIZATION IS TO COLLECT INCOME FROM ITS INVESTMENTS AND TO DISBURSE THE NET INCOME FOR THE BENEFIT OF THE ORGANIZATION'S SOLE BENEFICIARY, THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF IOWA. ACCORDINGLY, THE SOLE BENEFICIARY OF DISBURSEMENTS IS "AUTOMATICALLY" DETERMINED AND QUALIFIED.
-
SEE 4.D.
-
COLLEGE OF MEDICINE
Expenses $1,000,000 · Grants $1,000,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
J Brooks JacksonJ BROOKS JACKSON
DIR
- Total calculated
- $1,347,207
- From this org
- $0
- From related orgs
- $1,277,995
- Other
- $69,212
Schedule J breakdown matched by us
- Base
- not reported + $1,066,488 related
- Bonus
- not reported + $203,698 related
- Other
- not reported + $7,809 related
- Deferred
- not reported + $30,340 related
- Nontaxable benefits
- not reported + $38,872 related
- Filer's total
- not reported + $1,347,207 related
-
Mark HenrichsMARK HENRICHS
DIR
- Total calculated
- $908,770
- From this org
- $0
- From related orgs
- $845,658
- Other
- $63,112
Schedule J breakdown matched by us
- Base
- not reported + $665,165 related
- Bonus
- not reported + $176,426 related
- Other
- not reported + $4,067 related
- Deferred
- not reported + $30,500 related
- Nontaxable benefits
- not reported + $32,612 related
- Filer's total
- not reported + $908,770 related
-
Caroll ReasonerCAROLL REASONER
DIR., VP
- Total calculated
- $518,428
- From this org
- $0
- From related orgs
- $390,548
- Other
- $127,880
Schedule J breakdown matched by us
- Base
- not reported + $388,248 related
- Bonus
- not reported + $1,000 related
- Other
- not reported + $1,300 related
- Deferred
- not reported + $30,610 related
- Nontaxable benefits
- not reported + $97,270 related
- Filer's total
- not reported + $518,428 related
-
Terry L JohnsonTERRY L JOHNSON
DIR, PRES.,T
- Total calculated
- $420,043
- From this org
- $0
- From related orgs
- $364,735
- Other
- $55,308
Schedule J breakdown matched by us
- Base
- not reported + $351,957 related
- Bonus
- not reported + $4,500 related
- Other
- not reported + $8,278 related
- Deferred
- not reported + $35,196 related
- Nontaxable benefits
- not reported + $20,112 related
- Filer's total
- not reported + $420,043 related
-
Rodney LehnertzRODNEY LEHNERTZ
DIR., CHR.
- Total calculated
- $407,257
- From this org
- $0
- From related orgs
- $346,317
- Other
- $60,940
Schedule J breakdown matched by us
- Base
- not reported + $339,297 related
- Bonus
- not reported + $300 related
- Other
- not reported + $6,720 related
- Deferred
- not reported + $34,257 related
- Nontaxable benefits
- not reported + $26,683 related
- Filer's total
- not reported + $407,257 related
-
Jason HaddyJASON HADDY
DIR
- Total calculated
- $376,519
- From this org
- $0
- From related orgs
- $320,843
- Other
- $55,676
Schedule J breakdown matched by us
- Base
- not reported + $280,338 related
- Bonus
- not reported + $37,433 related
- Other
- not reported + $3,072 related
- Deferred
- not reported + $27,815 related
- Nontaxable benefits
- not reported + $27,861 related
- Filer's total
- not reported + $376,519 related
-
Susan KlattSUSAN KLATT
DIR
- Total calculated
- $308,670
- From this org
- $0
- From related orgs
- $268,937
- Other
- $39,733
Schedule J breakdown matched by us
- Base
- not reported + $262,877 related
- Bonus
- not reported + $4,500 related
- Other
- not reported + $1,560 related
- Deferred
- not reported + $25,948 related
- Nontaxable benefits
- not reported + $13,785 related
- Filer's total
- not reported + $308,670 related
-
David KieftDAVID KIEFT
ASST TR
- Total calculated
- $211,874
- From this org
- $0
- From related orgs
- $182,209
- Other
- $29,665
Schedule J breakdown matched by us
- Base
- not reported + $176,149 related
- Bonus
- not reported + $4,500 related
- Other
- not reported + $1,560 related
- Deferred
- not reported + $17,520 related
- Nontaxable benefits
- not reported + $12,145 related
- Filer's total
- not reported + $211,874 related
-
Jonathan DillyJONATHAN DILLY
DIR., SEC
- Total calculated
- $0
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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
UNIVERSITY OF IOWA
$1,000,000
VARIOUS FUNDING
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.
-
UNIVERSITY OF IOWA
STATE UNIV · IA
-
UNIVERSITY OF IOWA RESEARCH FND
501C3 · RESEARCH · IA
Directly controlled by UNIV IOWA
-
501C3 · GRANTS UI · IA
Directly controlled by UNIV IOWA
-
UNIVERSITY OF IOWA RESEARCH PARK CO
501C2 · RESEARCH · IA
Directly controlled by UNIV IOWA
-
UNIVERSITY OF IOWA STRAT IN FUND
501C3 · UI SUPPORT · IA
Directly controlled by UNIV IOWA
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 REHAB
REHAB HOSP · DE
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
UNIVERSITY OF IA HEALTH SYSTEM
C CORP · MEDSERVICE · IA
-
IOWA MEDICAL MUTUAL INS CO
C CORP · MALPRAC IN · IA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332499349300108
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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