Totals
- Total revenue
- $49,001,254
- Total expenses
- $52,478,722
- Contributions and grants received
- $5,128,509
- Grants paid
- $10,409,067
- Program service revenue
- $43,066,151
- Investment income
- $19,571
- Other revenue
- $787,023
- Total assets, end of year
- $105,804,386
- Total liabilities, end of year
- $81,791,201
- Net assets or fund balances, end of year
- $24,013,185
- Program services expenses (Part IX)
- $39,624,316
- Management and general expenses
- $10,855,749
- Fundraising expenses
- $1,998,657
- Program service expenses (Part III)
- $39,624,316
Program services were 75.5% 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.
-
1c · Fundraising events
$75,658
-
1e · Government grants (contributions)
$3,420,462
-
1f · All other contributions, gifts and grants
$1,632,389
-
2a · Program service revenue: TUITION AND FEES
total $38,594,720 · related or exempt $38,594,720
-
2b · Program service revenue: AUXILIARY SERVICES
total $4,471,431 · related or exempt $4,471,431
-
3 · Investment income
total $648,624 · excluded $648,624
-
6a · Gross rents
real property $38,495
-
6b · Less rental expenses
real property $51,350
-
6c · Rental income or loss
real property -$12,855
-
6d · Net rental income or loss
total -$12,855 · unrelated business -$28,876 · excluded $16,021
-
7a · Gross sales of assets other than inventory
securities $1,384,711
-
7b · Less cost or other basis and sales expenses
securities $2,013,764
-
7c · Gain or loss
securities -$629,053
-
7d · Net gain or loss
total -$629,053 · excluded -$629,053
-
8a · Fundraising events: gross income
$28,684
-
8a · Fundraising events: contributions included on line 1c
$75,658
-
8b · Fundraising events: direct expenses
$27,825
-
8c · Net income from fundraising events
total $859 · excluded $859
-
11a · Other revenue: BUSINESS OFFICE
total $717,528 · excluded $717,528
-
11b · Other revenue: PRINTING
total $44,310 · unrelated business $3,254 · excluded $41,056
-
11c · Other revenue: ATHLETIC ACTIVITIES
total $35,572 · excluded $35,572
-
11d · All other revenue
total $1,609 · unrelated business $1,609
-
11e · Other revenue, total
$799,019
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $10,409,067 · program services $10,409,067
-
5 · Compensation of officers, directors and key employees
total $280,000 · management and general $280,000
-
7 · Other salaries and wages
total $16,773,481 · program services $12,530,075 · management and general $3,083,306 · fundraising $1,160,100
-
8 · Pension plan contributions
total $253,508 · program services $170,365 · management and general $64,468 · fundraising $18,675
-
9 · Other employee benefits
total $3,005,235 · program services $1,763,928 · management and general $1,025,420 · fundraising $215,887
-
10 · Payroll taxes
total $1,228,891 · program services $926,165 · management and general $237,774 · fundraising $64,952
-
11b · Fees: legal
total $80,718 · management and general $80,718
-
11c · Fees: accounting
total $183,774 · management and general $183,774
-
11e · Fees: professional fundraising services
total $80,000 · fundraising $80,000
-
11f · Fees: investment management
total $109,418 · management and general $109,418
-
11g · Fees: other
total $1,526,569 · program services $739,968 · management and general $716,813 · fundraising $69,788
-
12 · Advertising and promotion
total $2,727,238 · program services $482,980 · management and general $2,192,228 · fundraising $52,030
-
13 · Office expenses
total $4,543,980 · program services $3,995,553 · management and general $371,999 · fundraising $176,428
-
14 · Information technology
total $1,431,956 · management and general $1,431,956
-
16 · Occupancy
total $2,096,511 · program services $1,443,240 · management and general $653,271
-
17 · Travel
total $980,502 · program services $904,245 · management and general $20,888 · fundraising $55,369
-
19 · Conferences, conventions and meetings
total $108,141 · program services $97,597 · management and general $9,409 · fundraising $1,135
-
20 · Interest
total $2,046,878 · program services $2,046,878
-
22 · Depreciation, depletion and amortization
total $2,812,361 · program services $2,812,361
-
23 · Insurance
total $598,298 · program services $598,298
-
24a · Other expenses: BAD DEBT - UNCOLLECTABL
total $646,062 · program services $646,062
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $556,134 · program services $57,534 · management and general $394,307 · fundraising $104,293
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,327,819 · end of year $6,075,510
-
2 · Savings and temporary cash investments
beginning of year $1,139,333 · end of year $1,240,500
-
3 · Pledges and grants receivable
beginning of year $2,051,022 · end of year $1,378,724
-
4 · Accounts receivable
beginning of year $2,606,119 · end of year $1,946,336
-
8 · Inventories for sale or use
beginning of year $123,326 · end of year $113,120
-
9 · Prepaid expenses and deferred charges
beginning of year $1,037,304 · end of year $995,857
-
10a · Land, buildings and equipment: cost or other basis
$126,468,108
-
10b · Land, buildings and equipment: accumulated depreciation
$62,240,058
-
10c · Land, buildings and equipment, net
beginning of year $66,816,174 · end of year $64,228,050
-
11 · Investments: publicly traded securities
beginning of year $19,075,853 · end of year $19,805,843
-
12 · Investments: other securities
beginning of year $2,435,403 · end of year $2,524,642
-
15 · Other assets
beginning of year $8,090,601 · end of year $7,495,804
-
17 · Accounts payable and accrued expenses
beginning of year $2,279,579 · end of year $2,493,541
-
23 · Secured mortgages and notes payable
beginning of year $74,193,554 · end of year $74,116,034
-
25 · Other liabilities
beginning of year $9,301,149 · end of year $5,181,626
-
27 · Net assets without donor restrictions
beginning of year $5,825,010 · end of year $5,944,611
-
28 · Net assets with donor restrictions
beginning of year $19,103,662 · end of year $18,068,574
Mission and programs · 2024
Mission
UPPER IOWA UNIVERSITY PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES ACCESSIBLE THROUGH VARIED DELIVERY METHODS TO INSPIRE SUCCESS AND EMPOWER LIVES.
-
EDUCATION, INSTRUCTION, AND SUPPORT - UPPER IOWA UNIVERSITY SERVED 4,026 STUDENTS WORLDWIDE. THE FAYETTE CAMPUS SERVED 503 TRADITIONAL UNDERGRADUATE STUDENTS, DRAWING THE MAJORITY OF THESE STUDENTS FROM IOWA, MINNESOTA, WISCONSIN AND ILLINOIS. THE UNIVERSITY IS DIVERSE IN ITS ETHNICITY, RACE, GENDER, ECONOMICS, AND GEOGRAPHY. UNDERGRADUATE DEGREES ARE OFFERED THROUGH THE SCHOOL OF EDUCATION, THE SCHOOL OF BUSINESS, AND THE SCHOOL OF ARTS AND SCIENCES. UPPER IOWA UNIVERSITY OFFERS SEVERAL MASTER'S DEGREES, BOTH ONLINE AND FACE-TO-FACE. MASTER'S DEGREES ARE AVAILABLE IN EDUCATION, BUSINESS ADMINISTRATION, HEALTHCARE ADMINISTRATION, COUNSELING, SPORT ADMINISTRATION, AND PUBLIC ADMINISTRATION. POST-GRADUATE CERTIFICATES ALSO ARE AVAILABLE IN ACCOUNTING, CORPORATE FINANCIAL MANAGEMENT, HUMAN RESOURCE MANAGEMENT, LITERACY COACH, TEACHER LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT.
Expenses $20,970,666 · Grants $10,409,067 · Revenue $30,355,520
-
AUXILIARY ENTERPRISES - RESIDENCE HALLS, FOOD SERVICES, LOGO STORE, ETC. FOR THE ABOVE STUDENTS. UNIVERSITY OFFERS DIFFERENT TYPES OF HOUSING AVAILABLE FOR STUDENTS INCLUDING TRADITIONAL DORMS, SUITE STYLE LIVING, AND APARTMENT STYLE LIVING. THE UNIVERSITY ALSO OFFERS FIVE DIFFERENT MEAL PLAN OPTIONS TO BEST SERVE STUDENTS' NEEDS, FROM A TRADITIONAL STUDENT LIVING ON CAMPUS OR A COMMUTER.
Expenses $5,443,701 · Revenue $4,815,663
-
INSTITUTIONAL SUPPORT - PROVIDE SUPPORT TO INTERNAL OPERATIONS OF THE UNIVERSITY SUCH AS INFORMATION TECHNOLOGY, HUMAN RESOURCES, BUSINESS OFFICE, FACILITIES, ETC.
Expenses $13,209,949 · Revenue $7,894,968
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott LebinSCOTT LEBIN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Peter ClemensPETER CLEMENS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Richard AndresRICHARD ANDRES
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Neil WilkinsonNEIL WILKINSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Angie JosephANGIE JOSEPH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brian SimsBRIAN SIMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bill CookBILL COOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
David VaudtDAVID VAUDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dennis MurdockDENNIS MURDOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John FalbJOHN FALB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Josem DiazJOSEM DIAZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jeremy MastersonJEREMY MASTERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
La'Mont WilliamsLA'MONT WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Margaret LawsonMARGARET LAWSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mary CheddieMARY CHEDDIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mike ProchaskaMIKE PROCHASKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nancy BetzNANCY BETZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kathy FrankenKATHY FRANKEN
PRESIDENT AND CFO
- Total calculated
- $320,882
- From this org
- $280,076
- From related orgs
- $0
- Other
- $40,806
- Hours/week
- 80
Schedule J breakdown matched by us
- Base
- $280,076
- Bonus
- $0
- Other
- $0
- Deferred
- $5,788
- Nontaxable benefits
- $35,018
- Filer's total
- $320,882
-
Doug BinsfeldDOUG BINSFELD
VP ACADEMIC AFFAIRS
- Total calculated
- $196,174
- From this org
- $176,531
- From related orgs
- $0
- Other
- $19,643
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $176,531
- Bonus
- $0
- Other
- $0
- Deferred
- $4,478
- Nontaxable benefits
- $15,165
- Filer's total
- $196,174
-
Rick HartzellRICK HARTZELL
VP OF ATHLETICS
- Total calculated
- $148,738
- From this org
- $114,985
- From related orgs
- $0
- Other
- $33,753
- Hours/week
- 60
-
Billie CowleyBILLIE COWLEY
DEAN, ACADEMIC & ED. AFFAIRS
- Total calculated
- $142,476
- From this org
- $118,490
- From related orgs
- $0
- Other
- $23,986
- Hours/week
- 60
-
Jennifer WebbJENNIFER WEBB
VP, DISTANCE EDUCATION ENROLLMENT
- Total calculated
- $131,128
- From this org
- $104,791
- From related orgs
- $0
- Other
- $26,337
- Hours/week
- 60
-
Ty Davis Vp OfTY DAVIS VP OF
RESIDENTIAL ADMISSIONS & RETENTION
- Total calculated
- $121,259
- From this org
- $104,985
- From related orgs
- $0
- Other
- $16,274
- Hours/week
- 60
-
William DuffyWILLIAM DUFFY
FORMER: EMERITUS PRESIDENT
- Total calculated
- $179,462
- From this org
- $167,375
- From related orgs
- $0
- Other
- $12,087
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,375
- Bonus
- $0
- Other
- $0
- Deferred
- $4,184
- Nontaxable benefits
- $7,903
- Filer's total
- $179,462
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
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- TRAVEL FOR COMPANIONS: WHEREAS THERE IS AN EXPECTATION THAT IN THE COURSE OF HIS DUTIES, THE PRESIDENT AND/OR HIS SPOUSE ARE EXPECTED TO ATTEND CERTAIN PROFESSIONAL FUNCTIONS, ENTERTAIN GUESTS OF THE UNIVERSITY, AND BUILD AND MAINTAIN EFFECTIVE RELATIONSHIPS WITH ALUMNI, FRIENDS OF THE UNIVERSITY, MEMBERS OF THE COMMUNITY, AND OTHERS. THE UNIVERSITY SHALL PAY FOR ALL REASONABLE ENTERTAINMENT, TRAVEL, AND SIMILAR COSTS INCURRED BY THE PRESIDENT AND/OR HIS SPOUSE WHILE ACTING ON THE UNIVERSITY'S BEHALF. NOT INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE UNIVERSITY PAYS FOR THE PRESIDENT'S RESIDENCE AND THE RELATED REPAIRS. NOT INCLUDED IN TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PRESIDENT'S CONTRACT PROVIDES FOR THE UNIVERSITY TO PAY HIS FAMILY'S MEMBERSHIP AT BIG ROCK COUNTRY CLUB. INCLUDED IN TAXABLE COMPENSATION.
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
UPPER IOWA UNIVERSITY REAL ESTATE FOUNDATION LLC
EDUCATION · IA · income $116,248 · assets $100,781,404
Directly controlled by UPPER IOWA UNIVERSITY
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER UNITRUST (1)
T · CHARITABLE TRUST · IA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620609349300357
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.