Skip to content
Nonprofiteer
← All organizations

UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND

EIN 84-4628214 IOWA CITY, IA

Revenue 2024
$66,071,839
Expenses 2024
$25,959,537

Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B11
Classification
1200
Street
5 W JEFFERSON ST 105

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

SUPPORT THE STATE UNIVERSITY OF IOWA'S STRATEGIC PLAN IMPLEMENTATION BY PROVIDING GRANTS FOR SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES AND SUBSIDIZING UTILITY EXPENSES.

  • Grants for Scientific Research and Educational Activities (Growing Iowa into a Leader in Airborne and Ground-based Earth Science Measurement Capability, $1,270,700; The Iowa Health Data Resource: Extending the Impact, $902,890; Enhancing Education Infrastructure, $2,000,000; Relocate Department of Dance, $3,000,000; Implementation of Academic Advising Recommendations, $285,000; Startup Company Patent Support Pilot, $185,000; NIH T32 Training Grant application in Cancer Drug Discovery ad Development, $193,950; AI in Undergraduate Education, $195,000; Launching the Next Phase of Iowa Space Missions, $653,485; Identifying Key Drivers of Cancer in Iowa, $985,417; HIHI: Strategically Retaining and Recruiting Talented Faculty, $4,000,000; A Proposal for Iowa's AI Journey: First Steps in General AI Support, $784,517; Iowa's AI Journey: First Steps in AI Support for Research Scholarly and Creative Activities, $615,000; Return of Unused Funds from Previous Grants, ($70,959))

    Grants $15,000,000

  • Subsidization of Utility Expenses

    Grants $10,627,000

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JC Risewick

    Vice President and Director

    Total calculated
    $0

  • Rodney Lehnertz

    President & Director

    Total calculated
    $426,283
    From this org
    $0
    From related orgs
    $366,297
    Other
    $59,986
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,164 related
    Bonus
    $0
    Other
    $0 + $15,133 related
    Deferred
    $0 + $36,005 related
    Nontaxable benefits
    $0 + $23,981 related
    Filer's total
    $0 + $426,283 related

  • Erik Lie

    Director

    Total calculated
    $586,758
    From this org
    $0
    From related orgs
    $533,188
    Other
    $53,570
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $489,879 related
    Bonus
    $0
    Other
    $0 + $43,309 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $19,070 related
    Filer's total
    $0 + $586,758 related

  • Audra Haddy

    Secretary

    Total calculated
    $239,867
    From this org
    $0
    From related orgs
    $218,114
    Other
    $21,753
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,189 related
    Bonus
    $0
    Other
    $0 + $8,925 related
    Deferred
    $0 + $21,053 related
    Nontaxable benefits
    $0 + $700 related
    Filer's total
    $0 + $239,867 related

  • Susan Klatt

    Secretary (through 9/10/24)

    Total calculated
    $308,617
    From this org
    $0
    From related orgs
    $279,720
    Other
    $28,897
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,179 related
    Bonus
    $0
    Other
    $0 + $73,541 related
    Deferred
    $0 + $20,618 related
    Nontaxable benefits
    $0 + $8,279 related
    Filer's total
    $0 + $308,617 related

  • Terry Johnson

    Treasurer

    Total calculated
    $426,475
    From this org
    $0
    From related orgs
    $365,369
    Other
    $61,106
    Hours/week
    2 + 40 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 + $24,022 related
    Filer's total
    $0 + $426,475 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $66,071,839
    Expenses
    $25,959,537
    Contributions
    $0
    Grants paid
    $25,627,000
  • 2023
    Revenue
    $37,232,112
    Expenses
    $22,833,554
    Contributions
    $0
    Grants paid
    $22,500,000
  • 2022
    Revenue
    $26,829,794
    Expenses
    $20,322,321
    Contributions
    $0
    Grants paid
    $19,996,546

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990

    Revenue
    $18,514,853
    Expenses
    $13,141,392
    Assets (EOY)
    $1,048,103,644

  • 2021 · 990

    Revenue
    $18,514,853
    Expenses
    $13,141,392
    Assets (EOY)
    $1,048,103,644

  • 2020 · 990

    Revenue
    $16,066,757
    Expenses
    $7,500,000
    Assets (EOY)
    $1,125,258,541

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2024 return

Related corporations and trusts on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SO.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.