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← STATE UNIVERSITY OF IOWA FOUNDATION

Form 990 for tax year 2022

Filed by STATE UNIVERSITY OF IOWA FOUNDATION.

Totals

Total revenue
$166,983,554
Total expenses
$193,954,817
Contributions and grants received
$130,867,878
Grants paid
$150,613,558
Program service revenue
$12,640,495
Investment income
$14,746,135
Other revenue
$8,729,046
Total assets, end of year
$2,014,095,354
Total liabilities, end of year
$125,636,126
Net assets or fund balances, end of year
$1,888,459,228
Program services expenses (Part IX)
$155,327,308
Management and general expenses
$14,004,975
Fundraising expenses
$24,622,534
Program service expenses (Part III)
$155,327,308

Program services were 80.1% 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.

  • 1f · All other contributions, gifts and grants

    $130,867,878

  • 1g · Noncash contributions included above

    $4,346,060

  • 2a · Program service revenue: Fundraising Revenue

    total $12,640,495 · related or exempt $12,640,495

  • 3 · Investment income

    total $7,229,457 · excluded $7,229,457

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $150,483 · excluded $150,483

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $195,696,977

  • 7b · Less cost or other basis and sales expenses

    securities $188,180,299

  • 7c · Gain or loss

    securities $7,516,678

  • 7d · Net gain or loss

    total $7,516,678 · excluded $7,516,678

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Investment Partnership

    total $8,282,336 · unrelated business $8,282,336

  • 11b · Other revenue: Management & Service Fee Income

    total $278,927 · related or exempt $278,927

  • 11c · Other revenue: IAM ADVERTISING

    total $17,300 · unrelated business $17,300

  • 11e · Other revenue, total

    $8,578,563

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,613,558 · program services $150,613,558

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,449,551 · program services $498,480 · management and general $922,246 · fundraising $1,028,825

  • 6 · Compensation of disqualified persons

    total $119,928 · fundraising $119,928

  • 7 · Other salaries and wages

    total $22,548,019 · program services $2,388,691 · management and general $6,133,538 · fundraising $14,025,790

  • 8 · Pension plan contributions

    total $2,334,167 · program services $249,557 · management and general $720,529 · fundraising $1,364,081

  • 9 · Other employee benefits

    total $3,604,149 · program services $353,111 · management and general $1,102,986 · fundraising $2,148,052

  • 10 · Payroll taxes

    total $1,598,895 · program services $173,179 · management and general $437,845 · fundraising $987,871

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $44,248 · management and general $44,248

  • 11c · Fees: accounting

    total $72,503 · management and general $72,503

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $422,134 · fundraising $422,134

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,629,224 · management and general $1,417,425 · fundraising $211,799

  • 12 · Advertising and promotion

    total $1,339,053 · program services $107,864 · fundraising $1,231,189

  • 13 · Office expenses

    total $731,115 · program services $21,358 · management and general $702,446 · fundraising $7,311

  • 14 · Information technology

    total $2,465,006 · program services $278,911 · management and general $788,802 · fundraising $1,397,293

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $922,978 · program services $104,433 · management and general $295,353 · fundraising $523,192

  • 17 · Travel

    total $678,237 · program services $25,909 · fundraising $652,328

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $717,078 · management and general $717,078

  • 23 · Insurance

    total $322,502 · management and general $322,502

  • 24a · Other expenses: Printing/Publications

    total $531,618 · program services $318,971 · management and general $26,581 · fundraising $186,066

  • 24b · Other expenses: Staff Training & Development

    total $318,864 · program services $25,787 · management and general $181,475 · fundraising $111,602

  • 24c · Other expenses: Postage/Mail Handling

    total $279,165 · program services $167,499 · management and general $13,958 · fundraising $97,708

  • 24d · Other expenses: Recruitment

    total $107,365 · fundraising $107,365

  • 24e · All other expenses

    total $105,460 · management and general $105,460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,005,269 · end of year $11,279,273

  • 2 · Savings and temporary cash investments

    beginning of year $113,467,275 · end of year $99,587,363

  • 3 · Pledges and grants receivable

    beginning of year $266,242,587 · end of year $257,259,558

  • 4 · Accounts receivable

    beginning of year $103,296 · end of year $24,572

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $35,841,234

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

    $15,699,634

  • 10c · Land, buildings and equipment, net

    beginning of year $19,991,058 · end of year $20,141,600

  • 11 · Investments: publicly traded securities

    beginning of year $916,924,865 · end of year $917,365,495

  • 12 · Investments: other securities

    beginning of year $662,058,774 · end of year $708,437,493

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,107,105 · end of year $3,476,642

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $123,030,489 · end of year $122,159,484

  • 27 · Net assets without donor restrictions

    beginning of year $38,947,399 · end of year $38,363,982

  • 28 · Net assets with donor restrictions

    beginning of year $1,820,708,131 · end of year $1,850,095,246

Mission and programs · 2022

Mission

SEE SCHEDULE O FOR MISSION STATEMENT

Activities or mission (Part I)

TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY.

  • GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT SUPPORT.

    Expenses $25,535,508 · Grants $25,014,442 · Revenue $2,145,704

  • GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR FACILITIES.

    Expenses $28,005,193 · Grants $27,433,731 · Revenue $2,353,227

  • GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR PROGRAMS.

    Expenses $48,869,975 · Grants $47,872,755 · Revenue $4,106,458

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LYNETTE L MARSHALL

    PRESIDENT

    Total calculated
    $619,630
    From this org
    $569,491
    From related orgs
    $0
    Other
    $50,139
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $443,618
    Bonus
    $103,083
    Other
    $22,790
    Deferred
    $29,000
    Nontaxable benefits
    $21,139
    Filer's total
    $619,630

  • JIM BETHEA

    CHIEF INVESTMENT OFFICER

    Total calculated
    $367,434
    From this org
    $311,826
    From related orgs
    $0
    Other
    $55,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,007
    Bonus
    $16,071
    Other
    $748
    Deferred
    $29,000
    Nontaxable benefits
    $26,608
    Filer's total
    $367,434

  • SHEILA BALDWIN

    VP/ASSISTANT SECRETARY

    Total calculated
    $342,161
    From this org
    $282,698
    From related orgs
    $0
    Other
    $59,463
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $249,450
    Bonus
    $32,500
    Other
    $748
    Deferred
    $26,771
    Nontaxable benefits
    $32,692
    Filer's total
    $342,161

  • ROBERT K CLARK

    VP MAIN CAMPUS DEVELOPMENT

    Total calculated
    $311,086
    From this org
    $270,059
    From related orgs
    $0
    Other
    $41,027
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,325
    Bonus
    $25,091
    Other
    $22,643
    Deferred
    $25,046
    Nontaxable benefits
    $15,981
    Filer's total
    $311,086

  • SHERRI P FURMAN

    CFO/TREASURER

    Total calculated
    $292,474
    From this org
    $256,589
    From related orgs
    $0
    Other
    $35,885
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $213,052
    Bonus
    $37,207
    Other
    $6,330
    Deferred
    $22,333
    Nontaxable benefits
    $13,552
    Filer's total
    $292,474

  • TOM K DEPRENGER

    VP PRINCIPAL GIFTS

    Total calculated
    $283,052
    From this org
    $232,094
    From related orgs
    $0
    Other
    $50,958
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,591
    Bonus
    $22,173
    Other
    $6,330
    Deferred
    $21,276
    Nontaxable benefits
    $29,682
    Filer's total
    $283,052

  • DEREK PENDERGAST

    VP, PRINCIPAL GIFTS

    Total calculated
    $256,524
    From this org
    $205,784
    From related orgs
    $0
    Other
    $50,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,062
    Bonus
    $20,625
    Other
    $1,097
    Deferred
    $19,837
    Nontaxable benefits
    $30,903
    Filer's total
    $256,524

  • LINDA A HARTFORD

    VP, CHIEF IT OFFICER

    Total calculated
    $255,411
    From this org
    $208,449
    From related orgs
    $0
    Other
    $46,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,825
    Bonus
    $21,033
    Other
    $22,591
    Deferred
    $20,232
    Nontaxable benefits
    $26,730
    Filer's total
    $255,411

  • KEVIN COLLINS

    DEVELOPMENT OFFICER

    Total calculated
    $249,826
    From this org
    $199,096
    From related orgs
    $0
    Other
    $50,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,621
    Bonus
    $15,498
    Other
    $1,977
    Deferred
    $19,062
    Nontaxable benefits
    $31,668
    Filer's total
    $249,826

  • DIANE K BROWNLEE

    SECRETARY

    Total calculated
    $227,978
    From this org
    $207,024
    From related orgs
    $0
    Other
    $20,954
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $168,218
    Bonus
    $19,857
    Other
    $18,949
    Deferred
    $19,268
    Nontaxable benefits
    $1,686
    Filer's total
    $227,978

  • COLIN HENNESSY

    VP ALUMNI AND DONOR ENGAGEMENT

    Total calculated
    $147,410
    From this org
    $121,845
    From related orgs
    $0
    Other
    $25,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,658
    Bonus
    $30,000
    Other
    $187
    Deferred
    $10,592
    Nontaxable benefits
    $14,973
    Filer's total
    $147,410

  • KURT LANGEL

    VP TALENT MANAGEMENT

    Total calculated
    $135,621
    From this org
    $115,630
    From related orgs
    $0
    Other
    $19,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,015
    Bonus
    $0
    Other
    $3,615
    Deferred
    $11,351
    Nontaxable benefits
    $8,640
    Filer's total
    $135,621

  • DALE E BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • P SUE BECKWITH MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES W CARNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANDREW W CODE

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHLEEN A DORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JANICE R ELLIG

    VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CASSANDRA S FOENS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PERRY A GLASSGOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEVIN R GRUNEICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THOMAS R HANSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CAROL HAVEMANN-LYNCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIEKELEEN HART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CASEY D MAHON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BARBARA A MCKENZIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRUCE E RINGDAHL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DYAN C SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY JOY STEAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CARL W STUART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GREGS G THOMOPULOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NATHAN R TROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THOMAS J VEALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CATHERINE ZAHARIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRISTOPHER D DEWOLF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARK A KAUFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SOUMYO SARKAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHEN H BELYN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FREDERICK J CRAWFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LOIS A EICHACKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BARBARA WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN RUAN IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SUZANNE S YOON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202400469349300935

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