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← UNIVERSITY OF IOWA RESEARCH PARK CORPORATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF IOWA RESEARCH PARK CORPORATION.

Totals

Total revenue
$316,627
Total expenses
$227,842
Contributions and grants received
$115,634
Grants paid
$0
Program service revenue
$188,172
Investment income
$12,821
Other revenue
$0
Total assets, end of year
$4,866,884
Total liabilities, end of year
$2,039,554
Net assets or fund balances, end of year
$2,827,330
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $115,634

  • 2a · Program service revenue: LAND LEASES

    total $188,172 · related or exempt $188,172

  • 3 · Investment income

    total $12,821 · excluded $12,821

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $31,872

  • 7 · Other salaries and wages

    total $47,808

  • 8 · Pension plan contributions

    total $4,664

  • 9 · Other employee benefits

    total $14,058

  • 10 · Payroll taxes

    total $5,510

  • 11c · Fees: accounting

    total $7,608

  • 11g · Fees: other

    total $3,500

  • 13 · Office expenses

    total $16,584

  • 16 · Occupancy

    total $3,298

  • 22 · Depreciation, depletion and amortization

    total $75,280

  • 23 · Insurance

    total $13,080

  • 24a · Other expenses: MISC EXPENSES

    total $3,350

  • 24b · Other expenses: SHARED SERVICES

    total $1,230

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,544,986 · end of year $2,655,758

  • 4 · Accounts receivable

    beginning of year $100,266 · end of year $88,075

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

    $2,886,112

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

    $763,061

  • 10c · Land, buildings and equipment, net

    beginning of year $2,198,311 · end of year $2,123,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,225 · end of year $9,726

  • 19 · Deferred revenue

    beginning of year $2,095,793 · end of year $2,029,828

  • 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 $2,198,331 · end of year $2,123,051

  • 31 · Retained earnings, endowment or other funds

    beginning of year $540,214 · end of year $704,279

Mission and programs · 2022

Mission

THE UNIVERSITY OF IOWA RESEARCH PARK CORPORATION (UIRPC) OFFERS GROWING COMPANIES A WIDE RANGE OF BUILDING SITES OR LEASED OFFICE AND LABORATORY SPACE IN A PARK-LIKE ENVIRONMENT FEATURING CONVENIENT ACCESS TO RESEARCH RESOURCES OF THE UNIVERSITY OF IOWA.

Activities or mission (Part I)

A TITLE HOLDING ENTITY THAT OPERATES A RESEARCH PARK FOR THE UNIVERSITY OF IOWA.

  • UIRPC OPERATES A RESEARCH PARK AND IS AN AFFILIATED ORGANIZATION OF THE UNIVERSITY OF IOWA. UIRPC IS THE LESSEE OF A MASTER GROUND LEASE WITH THE STATE OF IOWA AND LEASES BUILDING SITES AND SPACE TO GROWING COMPANIES THAT DESIRE SUSTAINED RESEARCH RELATIONSHIPS WITH THE UI.IN THE YEAR ENDED JUNE 30, 2023 UIRPC MANAGED THIRTEEN LAND LEASES. INCOME FROM THESE LEASES TOTALED $188,172 WHILE OPERATING EXPENSES TOTALED $227,842. FOURTEEN OF A TOTAL OF TWENTY-SEVEN LOTS REMAIN TO BE LEASED.

As filed on the 2022 return.

Listed in Part VII

  • Darsee Jon

    PRESIDENT

    Total calculated
    $300,849
    From this org
    $0
    From related orgs
    $257,305
    Other
    $43,544
    Hours/week
    2 + 40 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

  • Dengler Stephanie

    SECRETARY

    Total calculated
    $134,531
    From this org
    $24,049
    From related orgs
    $80,852
    Other
    $29,630
    Hours/week
    10 + 30 related

  • Johnson Terry

    TREASURER

    Total calculated
    $420,199
    From this org
    $0
    From related orgs
    $364,891
    Other
    $55,308
    Hours/week
    0.2 + 40 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

  • Kerbeshian Marie

    VICE PRESIDENT

    Total calculated
    $288,818
    From this org
    $0
    From related orgs
    $244,565
    Other
    $44,253
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

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

  • Boothby Phil

    DIRECTOR

    Total calculated
    $329,426
    From this org
    $0
    From related orgs
    $278,633
    Other
    $50,793
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,119 related
    Bonus
    $0 + $36,138 related
    Other
    $0 + $7,376 related
    Deferred
    $0 + $23,512 related
    Nontaxable benefits
    $0 + $27,281 related
    Filer's total
    $0 + $329,426 related

  • Hayworth Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Johnson Frances

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Nolte Mark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Whitters Alec

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Kregel Kevin

    DIRECTOR

    Total calculated
    $590,725
    From this org
    $0
    From related orgs
    $531,578
    Other
    $59,147
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,405 related
    Bonus
    $0 + $9,906 related
    Other
    $0 + $5,267 related
    Deferred
    $0 + $40,667 related
    Nontaxable benefits
    $0 + $18,480 related
    Filer's total
    $0 + $590,725 related

  • Scholtz John

    DIRECTOR

    Total calculated
    $459,197
    From this org
    $0
    From related orgs
    $408,745
    Other
    $50,452
    Hours/week
    0 + 40 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

  • Keller John

    FORMER OFFICER

    Total calculated
    $204,674
    From this org
    $0
    From related orgs
    $170,634
    Other
    $34,040
    Hours/week
    0 + 40 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

The filer's explanations (Part III)

PART I, QUESTION 3:
ALL COMPENSATION IS PAID THROUGH AND ESTABLISHED BY THE UNIVERSITY OF IOWA, A RELATED ORGANIZATION. THE POLICIES OF THAT ORGANIZATION ARE USED TO DETERMINE COMPENSATION, WHICH INCLUDE COMPENSATION SURVEYS OR STUDIES. THE UNIVERSITY OF IOWA IS THE COMMON PAYMASTER FOR UIRPC.

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 HOSPTIAL 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
25 April 2024
IRS schema version
2022v5.0
Source object
202411289349300821

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