Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $111,415,632

• 1g · Noncash contributions included above

  $21,690,043

• 3 · Investment income

  total $4,057,647 · unrelated business $167,981 · excluded $3,889,666

• 5 · Royalties

  total $863 · excluded $863

• 6a · Gross rents

  real property $331,456

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $331,456

• 6d · Net rental income or loss

  total $331,456 · excluded $331,456

• 7a · Gross sales of assets other than inventory

  securities $316,784,936 · other assets $87,961

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

  securities $291,875,351 · other assets $90,129

• 7c · Gain or loss

  securities $24,909,585 · other assets -$2,168

• 7d · Net gain or loss

  total $24,907,417 · excluded $24,907,417

• 11a · Other revenue: ADMINISTRATIVE FEE

  total $2,500,000 · related or exempt $2,500,000

• 11e · Other revenue, total

  $2,500,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $165,625,651 · program services $165,625,651

• 5 · Compensation of officers, directors and key employees

  total $1,970,088 · management and general $978,012 · fundraising $992,076

• 7 · Other salaries and wages

  total $14,810,087 · management and general $2,025,690 · fundraising $12,784,397

• 8 · Pension plan contributions

  total $1,307,883 · management and general $180,124 · fundraising $1,127,759

• 9 · Other employee benefits

  total $2,121,332 · management and general $413,222 · fundraising $1,708,110

• 10 · Payroll taxes

  total $1,081,461 · management and general $186,112 · fundraising $895,349

• 11b · Fees: legal

  total $120,486 · management and general $120,486

• 11c · Fees: accounting

  total $235,615 · management and general $235,615

• 11e · Fees: professional fundraising services

  total $18,228 · fundraising $18,228

• 11f · Fees: investment management

  total $10,686,170 · management and general $10,686,170

• 11g · Fees: other

  total $1,341,599 · management and general $746,127 · fundraising $595,472

• 12 · Advertising and promotion

  total $148,467 · management and general $236 · fundraising $148,231

• 13 · Office expenses

  total $1,057,267 · management and general $420,326 · fundraising $636,941

• 14 · Information technology

  total $2,254,525 · management and general $739,761 · fundraising $1,514,764

• 16 · Occupancy

  total $286,724 · management and general $286,724

• 17 · Travel

  total $998,562 · management and general $214,424 · fundraising $784,138

• 19 · Conferences, conventions and meetings

  total $883,353 · management and general $160,357 · fundraising $722,996

• 22 · Depreciation, depletion and amortization

  total $210,014 · management and general $210,014

• 23 · Insurance

  total $148,087 · management and general $148,087

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total $13,909 · management and general $13,572 · fundraising $337

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $18,813,769 · end of year $5,185,647

• 3 · Pledges and grants receivable

  beginning of year $98,379,461 · end of year $85,391,026

• 7 · Other notes and loans receivable

  beginning of year $109,561 · end of year $41,451

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

  $22,971,308

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

  $3,550,151

• 10c · Land, buildings and equipment, net

  beginning of year $21,906,218 · end of year $19,421,157

• 11 · Investments: publicly traded securities

  beginning of year $326,126,422 · end of year $332,982,523

• 12 · Investments: other securities

  beginning of year $1,312,833,009 · end of year $1,437,520,522

• 15 · Other assets

  beginning of year $96,781,433 · end of year $75,317,592

• 17 · Accounts payable and accrued expenses

  beginning of year $1,481,431 · end of year $1,705,530

• 25 · Other liabilities

  beginning of year $37,315,455 · end of year $47,299,299

• 27 · Net assets without donor restrictions

  beginning of year $78,567,687 · end of year $103,308,500

• 28 · Net assets with donor restrictions

  beginning of year $1,757,585,300 · end of year $1,803,546,589

The filer's explanations (Part III)

PART I, LINE 1A

WHEN THERE IS A BUSINESS PURPOSE, OCCASIONAL PRIVATE/CHARTER AIRCRAFT ARE USED. TRAVEL FOR COMPANIONS WAS PROVIDED WHEN THERE WAS A BUSINESS PURPOSE FOR THE COMPANION ATTENDING THE FUNDRAISING EVENT. THESE BENEFITS ARE CONSIDERED BUSINESS EXPENSES AND THEREFORE ARE NOT CONSIDERED TAXABLE INCOME TO THE INDIVIDUALS.

PART I, LINE 7

CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II RECEIVED DISCRETIONARY NONFIXED COMPENSATION AS DETERMINED BY THE BOARD OF DIRECTORS. DISCRETIONARY PAYMENTS ARE SHOWN IN SCHEDULE J, PART II, COLUMN B(II).

SCHEDULE J, PART II:

ALL EMPLOYEES PARTICIPATE IN A RETIREMENT PLAN CONSISTING OF A 403(B) DEFINED CONTRIBUTION PLAN.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• FOUNDATION PROPERTIES

  REAL ESTATE · IA

  Directly controlled by IOWA STATE UNIVERSITY FOUNDATION

• FORESTRY CAMP LLC

  REAL ESTATE · IA · assets $3,100,000

  Directly controlled by IOWA STATE UNIVERSITY FOUNDATION

• FOUNDATION VENTURES

  INVESTMENT · IA

  Directly controlled by IOWA STATE UNIVERSITY FOUNDATION

• EARTH PROGRAM LLC

  REAL ESTATE · IA · assets $1,585,000

  Directly controlled by IOWA STATE UNIVERSITY FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (43)

  T · TRUST · IA

  Directly controlled by IOWA STATE UNIVERSITY FOUNDATION