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← UNIVERSITY OF IOWA RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF IOWA RESEARCH FOUNDATION.

Totals

Total revenue
$6,535,150
Total expenses
$6,416,126
Contributions and grants received
$3,543,299
Grants paid
$0
Program service revenue
$2,824,033
Investment income
$167,818
Other revenue
$0
Total assets, end of year
$10,620,519
Total liabilities, end of year
$2,112,875
Net assets or fund balances, end of year
$8,507,644
Program services expenses (Part IX)
$5,305,699
Management and general expenses
$1,110,427
Fundraising expenses
$0
Program service expenses (Part III)
$5,305,699

Program services were 82.7% 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

    $3,543,299

  • 2a · Program service revenue: REIMBURSED PATENT ACQU

    total $1,193,600 · related or exempt $1,193,600

  • 2b · Program service revenue: ROYALTIES

    total $890,141 · related or exempt $890,141

  • 2c · Program service revenue: LICENSE, SUBLICENSE, A

    total $740,292 · related or exempt $740,292

  • 3 · Investment income

    total $167,818 · excluded $167,818

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $376,912 · program services $282,684 · management and general $94,228

  • 7 · Other salaries and wages

    total $977,887 · program services $733,415 · management and general $244,472

  • 9 · Other employee benefits

    total $384,876 · program services $288,657 · management and general $96,219

  • 11g · Fees: other

    total $154,795 · program services $116,096 · management and general $38,699

  • 12 · Advertising and promotion

    total $4,752 · program services $3,564 · management and general $1,188

  • 13 · Office expenses

    total $1,944 · program services $1,458 · management and general $486

  • 14 · Information technology

    total $18,199 · program services $13,649 · management and general $4,550

  • 15 · Royalties

    total $1,546,740 · program services $1,546,740

  • 17 · Travel

    total $62,195 · program services $46,646 · management and general $15,549

  • 19 · Conferences, conventions and meetings

    total $9,153 · program services $6,865 · management and general $2,288

  • 24a · Other expenses: PATENT ACQUISITION COST

    total $2,250,189 · program services $2,250,189

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $607,503 · management and general $607,503

  • 24c · Other expenses: MISCELLANEOUS

    total $20,981 · program services $15,736 · management and general $5,245

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $7,885,533 · end of year $8,749,280

  • 4 · Accounts receivable

    beginning of year $1,832,205 · end of year $840,741

  • 7 · Other notes and loans receivable

    beginning of year $131,247 · end of year $57,439

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,309 · end of year $106,394

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

    $69,278

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

    $69,278

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $343,961 · end of year $490,933

  • 12 · Investments: other securities

    beginning of year $183,817 · end of year $260,732

  • 15 · Other assets

    beginning of year $115,000 · end of year $115,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,121,069 · end of year $1,570,865

  • 25 · Other liabilities

    beginning of year $1,172,439 · end of year $542,010

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,281,564 · end of year $8,507,644

Mission and programs · 2024

Mission

THE UNIVERSITY OF IOWA RESEARCH FOUNDATION'S (UIRF) MISSION IS TO: ADVANCE, DEVELOP, INCREASE AND EXTEND THE PROGRESS OF SCIENCE AND USEFUL ARTS THROUGH ENCOURAGING AND ASSISTING INVESTIGATION, RESEARCH AND EDUCATION AT THE STATE UNIVERSITY OF IOWA BY FURNISHING THE MEANS, METHODS AND AGENCIES BY WHICH IDEAS, CREATIONS, DISCOVERIES, INVENTIONS AND PROCESSES MAY BE PROTECTED AND THE USES THEREOF DETERMINED AND SAFEGUARDED FOR THE PUBLIC, AND TO MANAGE, LICENSE AND DISPOSE OF PROPRIETARY RIGHTS IN IDEAS, CREATIONS, DISCOVERIES, INVENTIONS AND PROCESSES OF ANY NATURE; TO RECEIVE BY GIFT, GRANT, DEVISE OR BEQUEST, AND TO ACQUIRE BY PURCHASE, LEASE, EXCHANGE OR OTHERWISE, PROPERTY, BOTH REAL AND PERSONAL, EITHER AS ABSOLUTE OWNER OR AS TRUSTEE THEREOF, AND TO MANAGE AND ADMINISTER THE SAME; TO MAKE CONTRIBUTIONS, GRANTS, GIFTS AND TRANSFERS OF PROPERTY, BOTH REAL AND PERSONAL, EITHER OUTRIGHT OR IN TRUST, TO OR FOR THE BENEFIT OF THE STATE UNIVERSITY OF IOWA.

Activities or mission (Part I)

UIRF ASSISTS RESEARCHERS IN THE TRANSFER OF UI TECHNOLOGY FROM THE LAB TO THE WORLD.

  • DURING THE FISCAL YEAR 2025, THE UNIVERSITY OF IOWA RESEARCH FOUNDATION DISTRIBUTED NET REVENUE OF $1.5 MILLION AND EXECUTED 37 NEW LICENSE/OPTION AGREEMENTS.

    Expenses $5,305,699 · Revenue $2,824,033

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kerbeshian Marie

    SECRETARY

    Total calculated
    $321,675
    From this org
    $271,683
    From related orgs
    $0
    Other
    $49,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,645
    Bonus
    $0
    Other
    $12,038
    Deferred
    $26,371
    Nontaxable benefits
    $23,621
    Filer's total
    $321,675

  • Darsee Jon

    DIRECTOR

    Total calculated
    $313,211
    From this org
    $0
    From related orgs
    $264,528
    Other
    $48,683
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,528 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,847 related
    Nontaxable benefits
    $0 + $21,836 related
    Filer's total
    $0 + $313,211 related

  • Johnson Terry

    TREASURER

    Total calculated
    $426,474
    From this org
    $0
    From related orgs
    $365,369
    Other
    $61,105
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,149 related
    Bonus
    $0
    Other
    $0 + $2,220 related
    Deferred
    $0 + $37,084 related
    Nontaxable benefits
    $0 + $24,021 related
    Filer's total
    $0 + $426,474 related

  • Scholtz J Martin

    PRESIDENT

    Total calculated
    $464,393
    From this org
    $0
    From related orgs
    $414,939
    Other
    $49,454
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,603 related
    Bonus
    $0
    Other
    $0 + $94,336 related
    Deferred
    $0 + $32,760 related
    Nontaxable benefits
    $0 + $16,694 related
    Filer's total
    $0 + $464,393 related

  • Weiner George

    DIRECTOR

    Total calculated
    $577,010
    From this org
    $0
    From related orgs
    $508,292
    Other
    $68,718
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,608 related
    Bonus
    $0
    Other
    $0 + $9,684 related
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0 + $22,718 related
    Filer's total
    $0 + $577,010 related

  • Brogden Nichole

    DIRECTOR

    Total calculated
    $185,285
    From this org
    $0
    From related orgs
    $145,835
    Other
    $39,450
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,941 related
    Bonus
    $0
    Other
    $0 + $16,894 related
    Deferred
    $0 + $13,477 related
    Nontaxable benefits
    $0 + $25,973 related
    Filer's total
    $0 + $185,285 related

  • Salem Aliasger

    DIRECTOR

    Total calculated
    $316,727
    From this org
    $0
    From related orgs
    $268,635
    Other
    $48,092
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,975 related
    Bonus
    $0
    Other
    $0 + $31,660 related
    Deferred
    $0 + $24,682 related
    Nontaxable benefits
    $0 + $23,410 related
    Filer's total
    $0 + $316,727 related

  • Dunkel Nancy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reinhart Fred

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wilson Barbara

    UNIVERSITY OF IOWA PRESIDENT

    Total calculated
    $1,350,640
    From this org
    $0
    From related orgs
    $735,899
    Other
    $614,741
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,899 related
    Bonus
    $0
    Other
    $0 + $18,000 related
    Deferred
    $0 + $590,220 related
    Nontaxable benefits
    $0 + $24,521 related
    Filer's total
    $0 + $1,350,640 related

  • Bojin Mihaela

    SENIOR ASSOCIATE DIRECTOR

    Total calculated
    $149,527
    From this org
    $148,690
    From related orgs
    $0
    Other
    $837
    Hours/week
    40

  • Sensor Kellen

    SENIOR ASSOCIATE DIRECTOR

    Total calculated
    $174,397
    From this org
    $139,030
    From related orgs
    $0
    Other
    $35,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,195
    Bonus
    $0
    Other
    $2,835
    Deferred
    $14,029
    Nontaxable benefits
    $21,338
    Filer's total
    $174,397

  • Griffith Jolene

    ASSISTANT DIRECTOR OF FINANCE

    Total calculated
    $132,239
    From this org
    $102,248
    From related orgs
    $0
    Other
    $29,991
    Hours/week
    40

  • Porepp Tyann

    INTELLECTUAL PROPERTY MANAGER

    Total calculated
    $117,016
    From this org
    $106,135
    From related orgs
    $0
    Other
    $10,881
    Hours/week
    40

  • Arnold Mark

    FORMER OFFICER

    Total calculated
    $327,942
    From this org
    $0
    From related orgs
    $277,812
    Other
    $50,130
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,866 related
    Bonus
    $0
    Other
    $0 + $14,946 related
    Deferred
    $0 + $26,817 related
    Nontaxable benefits
    $0 + $23,313 related
    Filer's total
    $0 + $327,942 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
  • 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 3
COMPENSATION IS PROVIDED EXCLUSIVELY TO INDIVIDUALS WHO ARE CURRENT OR FORMER EMPLOYEES OF THE UNIVERSITY OF IOWA (UI), WHICH IS CONSIDERED A RELATED PARTY. COMPENSATION ARRANGEMENTS ARE ESTABLISHED INDEPENDENTLY BY UI AND ARE NOT INFLUENCED BY UIRF. THE UNIVERSITY OF IOWA DETERMINES COMPENSATION IN ACCORDANCE WITH ITS ESTABLISHED POLICIES, WHICH MAY INCLUDE SALARY SURVEYS, MARKET STUDIES, AND WRITTEN EMPLOYMENT OFFERS. ADDITIONALLY, THE UNIVERSITY OF IOWA SERVES AS THE COMMON PAYMASTER FOR UIRF.

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 HOSPITAL 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
2024
Filed
20 February 2026
IRS schema version
2024v5.5
Source object
202630639349300913

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