Form 990 for tax year 2024
Filed by STATE UNIVERSITY OF IOWA FOUNDATION.
Totals
- Total revenue
- $202,489,213
- Total expenses
- $211,635,173
- Contributions and grants received
- $178,682,936
- Grants paid
- $162,708,366
- Program service revenue
- $14,097,677
- Investment income
- $5,920,878
- Other revenue
- $3,787,722
- Total assets, end of year
- $2,294,681,117
- Total liabilities, end of year
- $137,116,683
- Net assets or fund balances, end of year
- $2,157,564,434
- Program services expenses (Part IX)
- $168,240,949
- Management and general expenses
- $15,410,478
- Fundraising expenses
- $27,983,746
- Program service expenses (Part III)
- $168,240,949
Program services were 79.5% 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.
-
1d · Related organizations
$684,837
-
1f · All other contributions, gifts and grants
$177,998,099
-
1g · Noncash contributions included above
$6,311,800
-
2a · Program service revenue: FUNDRAISING REVENUE
total $14,097,677 · related or exempt $14,097,677
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,777,751 · excluded $7,777,751
-
5 · Royalties
total $133,535 · excluded $133,535
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $230,144,461 · other assets $459,491
-
7b · Less cost or other basis and sales expenses
securities $232,015,825 · other assets $445,000
-
7c · Gain or loss
securities -$1,871,364 · other assets $14,491
-
7d · Net gain or loss
total -$1,856,873 · excluded -$1,856,873
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: INVESTMENT PARTNERSHIP
total $3,478,318 · unrelated business $3,478,318
-
11b · Other revenue: MANAGEMENT & SERVICE FEE INCOME
total $175,869 · related or exempt $175,869
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$3,654,187
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $162,708,366 · program services $162,708,366
-
5 · Compensation of officers, directors and key employees
total $2,618,615 · program services $599,746 · management and general $1,094,877 · fundraising $923,992
-
6 · Compensation of disqualified persons
total $171,477 · fundraising $171,477
-
7 · Other salaries and wages
total $27,168,979 · program services $2,741,765 · management and general $7,504,123 · fundraising $16,923,091
-
8 · Pension plan contributions
total $2,817,386 · program services $317,072 · management and general $871,716 · fundraising $1,628,598
-
9 · Other employee benefits
total $4,170,014 · program services $426,038 · management and general $1,263,415 · fundraising $2,480,561
-
10 · Payroll taxes
total $1,924,985 · program services $195,350 · management and general $534,585 · fundraising $1,195,050
-
11b · Fees: legal
total $50,134 · management and general $50,134
-
11c · Fees: accounting
total $111,516 · management and general $111,516
-
11e · Fees: professional fundraising services
total $506,006 · fundraising $506,006
-
11g · Fees: other
total $1,022,377 · program services $0 · management and general $920,139 · fundraising $102,238
-
12 · Advertising and promotion
total $1,053,098 · program services $245,678 · fundraising $807,420
-
13 · Office expenses
total $833,992 · program services $5,075 · management and general $820,577 · fundraising $8,340
-
14 · Information technology
total $2,412,120 · program services $271,463 · management and general $746,324 · fundraising $1,394,333
-
16 · Occupancy
total $855,713 · program services $96,303 · management and general $264,763 · fundraising $494,647
-
17 · Travel
total $787,243 · program services $55,765 · fundraising $731,478
-
22 · Depreciation, depletion and amortization
total $693,342 · management and general $693,342
-
23 · Insurance
total $272,192 · management and general $272,192
-
24a · Other expenses: PRINTING/PUBLICATIONS
total $550,180 · program services $330,108 · management and general $27,509 · fundraising $192,563
-
24b · Other expenses: STAFF TRAINING & DEVELOPMENT
total $366,811 · program services $41,281 · management and general $113,494 · fundraising $212,036
-
24c · Other expenses: POSTAGE/MAIL HANDLING
total $311,513 · program services $186,908 · management and general $15,576 · fundraising $109,029
-
24d · Other expenses: RECRUITMENT
total $177,989 · program services $20,031 · management and general $55,071 · fundraising $102,887
-
24e · All other expenses
total $51,125 · program services $0 · management and general $51,125 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,607,303 · end of year $18,465,486
-
2 · Savings and temporary cash investments
beginning of year $129,753,360 · end of year $92,301,485
-
3 · Pledges and grants receivable
beginning of year $253,105,603 · end of year $273,361,945
-
4 · Accounts receivable
beginning of year $1,459,073 · end of year $96,029
-
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
-
10a · Land, buildings and equipment: cost or other basis
$37,183,918
-
10b · Land, buildings and equipment: accumulated depreciation
$16,347,023
-
10c · Land, buildings and equipment, net
beginning of year $19,747,635 · end of year $20,836,895
-
11 · Investments: publicly traded securities
beginning of year $966,004,560 · end of year $1,078,733,889
-
12 · Investments: other securities
beginning of year $783,154,971 · end of year $810,885,388
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $4,013,805 · end of year $5,098,816
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $129,441,970 · end of year $132,017,867
-
27 · Net assets without donor restrictions
beginning of year $48,616,273 · end of year $53,739,522
-
28 · Net assets with donor restrictions
beginning of year $1,978,760,457 · end of year $2,103,824,912
Mission and programs · 2024
Mission
THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT'S MISSION IS TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY. WE SERVE OUR ALUMNI AND FRIENDS IN THE STATE AND THE REGION, THROUGHOUT THE COUNTRY, AND AROUND THE WORLD. WE ARE COMMITTED TO ENGAGING EVERYONE WHO (CONTINUED ON SCHEDULE O)
Activities or mission (Part I)
TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY.
-
GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR PROGRAMS.
Expenses $54,991,483 · Grants $53,757,140 · Revenue $4,715,830
-
GRANTS PROVIDING RESOURCES THE UNIVERSITY OF IOWA FOR FACULTY SUPPORT.
Expenses $32,975,207 · Grants $32,235,043 · Revenue $2,827,810
-
GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT SUPPORT.
Expenses $32,140,207 · Grants $31,418,786 · Revenue $2,756,204
-
GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR RESEARCH.
Expenses $31,349,373 · Grants $30,645,703 · Revenue $2,688,386
-
GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR FACILITIES.
Expenses $14,988,118 · Grants $14,651,694 · Revenue $1,285,316
-
STRENGTHEN THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT EFFORTS WITH ALUMNI AND DONORS.
Expenses $1,796,561
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Andrew W CodeANDREW W CODE
CHAIR/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Catherine ZaharisCATHERINE ZAHARIS
VICE CHAIR/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Barbara A McKenzieBARBARA A MCKENZIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Barbara WilsonBARBARA WILSON
DIRECTOR (EX OFFICIO)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bruce E RingdahlBRUCE E RINGDAHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carl W StuartCARL W STUART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol Havemann-LynchCAROL HAVEMANN-LYNCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Casey D MahonCASEY D MAHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cassandra S Foens MDCASSANDRA S FOENS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Chris KleinCHRIS KLEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher D DewolfCHRISTOPHER D DEWOLF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dyan C SmithDYAN C SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frederick J CrawfordFREDERICK J CRAWFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gregs G ThomopulosGREGS G THOMOPULOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James W CarneyJAMES W CARNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey A ChapmanJEFFREY A CHAPMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John Ruan IVJOHN RUAN IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin R GruneichKEVIN R GRUNEICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lois A EichackerLOIS A EICHACKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark A KaufmanMARK A KAUFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Joy SteadMARY JOY STEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Miekeleen HartMIEKELEEN HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
P Sue Beckwith MDP SUE BECKWITH MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Perry A GlassgowPERRY A GLASSGOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Soumyo SarkarSOUMYO SARKAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen H BelynSTEPHEN H BELYN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan NeelySUSAN NEELY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne S YoonSUZANNE S YOON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas J VealeTHOMAS J VEALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas R HansonTHOMAS R HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Victor M AlvarezVICTOR M ALVAREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diane K BrownleeDIANE K BROWNLEE
SECRETARY
- Total calculated
- $267,117
- From this org
- $242,953
- From related orgs
- $0
- Other
- $24,164
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $190,855
- Bonus
- $28,350
- Other
- $23,748
- Deferred
- $22,270
- Nontaxable benefits
- $1,894
- Filer's total
- $267,117
-
Lynette L MarshallLYNETTE L MARSHALL
PRESIDENT
- Total calculated
- $687,818
- From this org
- $624,000
- From related orgs
- $0
- Other
- $63,818
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $474,710
- Bonus
- $123,000
- Other
- $26,290
- Deferred
- $34,500
- Nontaxable benefits
- $29,318
- Filer's total
- $687,818
-
Sheila BaldwinSHEILA BALDWIN
VP/ASSISTANT SECRETARY
- Total calculated
- $447,074
- From this org
- $375,036
- From related orgs
- $0
- Other
- $72,038
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $297,038
- Bonus
- $77,250
- Other
- $748
- Deferred
- $31,991
- Nontaxable benefits
- $40,047
- Filer's total
- $447,074
-
Sherri P FurmanSHERRI P FURMAN
CFO/TREASURER (UNTIL 4/25/25)
- Total calculated
- $375,355
- From this org
- $329,943
- From related orgs
- $0
- Other
- $45,412
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $264,682
- Bonus
- $58,931
- Other
- $6,330
- Deferred
- $28,573
- Nontaxable benefits
- $16,839
- Filer's total
- $375,355
-
Tara SterbaTARA STERBA
TREASURER (EFFECTIVE 4/25/25)
- Total calculated
- $197,962
- From this org
- $166,373
- From related orgs
- $0
- Other
- $31,589
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $162,282
- Bonus
- $3,500
- Other
- $591
- Deferred
- $25,914
- Nontaxable benefits
- $5,675
- Filer's total
- $197,962
-
Colin HennessyCOLIN HENNESSY
VP ALUMNI AND DONOR ENGAGEMENT
- Total calculated
- $349,280
- From this org
- $281,179
- From related orgs
- $0
- Other
- $68,101
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,631
- Bonus
- $37,800
- Other
- $748
- Deferred
- $26,844
- Nontaxable benefits
- $41,257
- Filer's total
- $349,280
-
Laura SeamansLAURA SEAMANS
VP - TALENT MANAGEMENT
- Total calculated
- $275,950
- From this org
- $215,344
- From related orgs
- $0
- Other
- $60,606
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,658
- Bonus
- $17,938
- Other
- $748
- Deferred
- $21,448
- Nontaxable benefits
- $39,158
- Filer's total
- $275,950
-
Derek PendergastDEREK PENDERGAST
VP, PRINCIPAL GIFTS
- Total calculated
- $298,096
- From this org
- $232,903
- From related orgs
- $0
- Other
- $65,193
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $203,584
- Bonus
- $28,173
- Other
- $1,146
- Deferred
- $22,131
- Nontaxable benefits
- $43,062
- Filer's total
- $298,096
-
Jim BetheaJIM BETHEA
CHIEF INVESTMENT OFFICER
- Total calculated
- $412,797
- From this org
- $348,408
- From related orgs
- $0
- Other
- $64,389
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $336,505
- Bonus
- $10,757
- Other
- $1,146
- Deferred
- $34,500
- Nontaxable benefits
- $29,889
- Filer's total
- $412,797
-
Kevin CollinsKEVIN COLLINS
ASSOC VP DEVELOPMENT
- Total calculated
- $284,191
- From this org
- $219,162
- From related orgs
- $0
- Other
- $65,029
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,999
- Bonus
- $17,020
- Other
- $2,143
- Deferred
- $21,178
- Nontaxable benefits
- $43,851
- Filer's total
- $284,191
-
Linda A HartfordLINDA A HARTFORD
VP, CHIEF IT OFFICER
- Total calculated
- $295,885
- From this org
- $241,978
- From related orgs
- $0
- Other
- $53,907
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $206,615
- Bonus
- $32,073
- Other
- $3,290
- Deferred
- $22,932
- Nontaxable benefits
- $30,975
- Filer's total
- $295,885
-
Tom K DeprengerTOM K DEPRENGER
VP PRINCIPAL GIFTS
- Total calculated
- $309,516
- From this org
- $252,326
- From related orgs
- $0
- Other
- $57,190
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,706
- Bonus
- $29,290
- Other
- $6,330
- Deferred
- $23,009
- Nontaxable benefits
- $34,181
- Filer's total
- $309,516
-
Robert K ClarkROBERT K CLARK
ASST VP - DATA ANALYTICS
- Total calculated
- $317,040
- From this org
- $286,806
- From related orgs
- $0
- Other
- $30,234
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,929
- Bonus
- $32,168
- Other
- $23,709
- Deferred
- $25,914
- Nontaxable benefits
- $4,320
- Filer's total
- $317,040
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
-
STATE UNIVERSITY OF IOWA
$162,708,366
SEE PART IV
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 FACILITIES CORPORATION
501(c)(3) · HOLD PROPERTY · IA · controlled entity
Directly controlled by UICA
-
STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT
501(c)(3) · SUPPORT ORG · IA · controlled entity
Directly controlled by UICA
-
JACK R VOLLERTSEN ANNUITY TRUST
501(c)(3) · SUPPORT ORG · IA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202513169349302496
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