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← UNIVERSITY OF IOWA RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF IOWA RESEARCH FOUNDATION.

Totals

Total revenue
$3,710,030
Total expenses
$5,113,045
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,452,120
Investment income
$257,910
Other revenue
$0
Total assets, end of year
$9,839,347
Total liabilities, end of year
$2,152,078
Net assets or fund balances, end of year
$7,687,269
Program services expenses (Part IX)
$4,691,044
Management and general expenses
$422,001
Fundraising expenses
$0
Program service expenses (Part III)
$4,691,044

Program services were 91.7% 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.

  • 2a · Program service revenue: REIMBURSED PATENT ACQU

    total $1,626,299 · related or exempt $1,626,299

  • 2b · Program service revenue: ROYALTIES

    total $1,000,508 · related or exempt $1,000,508

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

    total $825,313 · related or exempt $825,313

  • 3 · Investment income

    total $257,910 · excluded $257,910

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $347,931 · program services $260,948 · management and general $86,983

  • 7 · Other salaries and wages

    total $729,800 · program services $547,350 · management and general $182,450

  • 9 · Other employee benefits

    total $264,029 · program services $198,022 · management and general $66,007

  • 11c · Fees: accounting

    total $3,753 · program services $2,814 · management and general $939

  • 11g · Fees: other

    total $189,917 · program services $142,438 · management and general $47,479

  • 12 · Advertising and promotion

    total $766 · program services $575 · management and general $191

  • 13 · Office expenses

    total $2,149 · program services $1,612 · management and general $537

  • 14 · Information technology

    total $33,881 · program services $25,411 · management and general $8,470

  • 15 · Royalties

    total $1,666,603 · program services $1,666,603

  • 17 · Travel

    total $56,543 · program services $42,407 · management and general $14,136

  • 24a · Other expenses: PATENT ACQUISITION COST

    total $1,794,304 · program services $1,794,304

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $11,955 · management and general $11,955

  • 24e · All other expenses

    total $11,414 · program services $8,560 · management and general $2,854

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,945,928 · end of year $7,358,012

  • 4 · Accounts receivable

    beginning of year $1,855,205 · end of year $1,910,915

  • 7 · Other notes and loans receivable

    beginning of year $202,990 · end of year $202,990

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,762 · end of year $68,613

  • 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

  • 12 · Investments: other securities

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

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $715,400 · end of year $390,262

  • 25 · Other liabilities

    beginning of year $1,698,676 · end of year $1,761,816

  • 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 $8,953,626 · end of year $7,687,269

Mission and programs · 2022

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.

  • THE PROGRAMMATIC FUNCTION OF GETTING INNOVATIONS OUT INTO THE WORLD CAN BE BROKEN DOWN INTO THREE PRIMARY ACTIVITIES: INTELLECTUAL PROPERTY SERVICES, COMMERCIALIZING UI TECHNOLOGIES AND SUPPORTING NEW VENTURES.INTELLECTUAL PROPERTY SERVICES: DURING FISCAL YEAR 2023, THE UIRF RECEIVED 72 DISCLOSURES OF NEW INVENTIONS FROM UI RESEARCHERS; FILED 77 US, 82 FOREIGN, AND 15 PCT PATENT APPLICATIONS; NO TRADEMARK OR COPYRIGHT REGISTRATION; OBTAINED 24 US AND 34 FOREIGN-ISSUED PATENTS.SEE SCHEDULE O FOR CONTINUATION . . . COMMERCIALIZING UI TECHNOLOGIES: DURING FISCAL YEAR 2023, THE UIRF DISTRIBUTED NET REVENUE OF $1.67 MILLION TO UI INVENTORS, COLLEGES, DEPARTMENTS, AND OTHER THIRD PARTY CO-OWNERS; EXECUTED 47 NEW LICENSE/OPTION AGREEMENTS.SUPPORTING NEW VENTURES: DURING FISCAL YEAR 2023, 5 OF THE 47 LICENSE/OPTION AGREEMENTS WITH STARTUP COMPANIES, 4 WERE WITH IOWA COMPANIES

    Expenses $4,691,044 · Revenue $3,452,120

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

Listed in Part VII

  • Kerbeshian Marie

    SECRETARY

    Total calculated
    $288,818
    From this org
    $244,565
    From related orgs
    $0
    Other
    $44,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,005
    Bonus
    $0
    Other
    $1,560
    Deferred
    $24,141
    Nontaxable benefits
    $20,112
    Filer's total
    $288,818

  • Darsee Jon

    DIRECTOR

    Total calculated
    $300,849
    From this org
    $0
    From related orgs
    $257,305
    Other
    $43,544
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,245 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $1,560 related
    Deferred
    $0 + $25,064 related
    Nontaxable benefits
    $0 + $18,480 related
    Filer's total
    $0 + $300,849 related

  • Johnsonterry

    TREASURER

    Total calculated
    $420,199
    From this org
    $0
    From related orgs
    $364,891
    Other
    $55,308
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,957 related
    Bonus
    $0 + $4,500 related
    Other
    $0 + $8,434 related
    Deferred
    $0 + $35,196 related
    Nontaxable benefits
    $0 + $20,112 related
    Filer's total
    $0 + $420,199 related

  • Scholtz J Martin

    PRESIDENT

    Total calculated
    $459,197
    From this org
    $0
    From related orgs
    $408,745
    Other
    $50,452
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,834 related
    Bonus
    $0 + $7,650 related
    Other
    $0 + $2,261 related
    Deferred
    $0 + $30,340 related
    Nontaxable benefits
    $0 + $20,112 related
    Filer's total
    $0 + $459,197 related

  • Weiner George

    DIRECTOR

    Total calculated
    $609,839
    From this org
    $0
    From related orgs
    $550,692
    Other
    $59,147
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,844 related
    Bonus
    $0 + $10,288 related
    Other
    $0 + $1,560 related
    Deferred
    $0 + $40,667 related
    Nontaxable benefits
    $0 + $18,480 related
    Filer's total
    $0 + $609,839 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
    $690,845
    From this org
    $0
    From related orgs
    $640,393
    Other
    $50,452
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,833 related
    Bonus
    $0 + $18,000 related
    Other
    $0 + $1,560 related
    Deferred
    $0 + $30,340 related
    Nontaxable benefits
    $0 + $20,112 related
    Filer's total
    $0 + $690,845 related

  • Bojin Mihaela

    EMPLOYEE

    Total calculated
    $145,260
    From this org
    $132,441
    From related orgs
    $0
    Other
    $12,819
    Hours/week
    40

  • Sensor Kellen

    EMPLOYEE

    Total calculated
    $156,668
    From this org
    $125,977
    From related orgs
    $0
    Other
    $30,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,107
    Bonus
    $2,310
    Other
    $1,560
    Deferred
    $12,211
    Nontaxable benefits
    $18,480
    Filer's total
    $156,668

  • Arnold Mark

    FORMER OFFICER

    Total calculated
    $309,661
    From this org
    $0
    From related orgs
    $267,431
    Other
    $42,230
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,636 related
    Bonus
    $0
    Other
    $0 + $2,795 related
    Deferred
    $0 + $28,872 related
    Nontaxable benefits
    $0 + $13,358 related
    Filer's total
    $0 + $309,661 related

  • Keller Jon

    FORMER OFFICER

    Total calculated
    $204,674
    From this org
    $0
    From related orgs
    $170,634
    Other
    $34,040
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,598 related
    Bonus
    $0 + $13,242 related
    Other
    $0 + $1,794 related
    Deferred
    $0 + $15,560 related
    Nontaxable benefits
    $0 + $18,480 related
    Filer's total
    $0 + $204,674 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
THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE UNIVERSITY OF IOWA (UI), A RELATED PARTY. THE EXECUTIVE DIRECTOR'S COMPENSATION IS ESTABLISHED INDEPENDENT OF UIRF, BY UI. THE POLICIES OF UI ARE USED TO DETERMINE COMPENSATION, WHICH INCLUDE COMPENSATION SURVEYS OR STUDIES AND A WRITTEN EMPLOYMENT INITIAL OFFER. THE UNIVERSITY OF IOWA IS 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
2022
Filed
16 April 2024
IRS schema version
2022v5.0
Source object
202421109349300747

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