Upper Iowa University
- Assets
- $108.8m
- Revenue
- $53.9m
- Investments
- $2.3m
- Employees
- 1,150
- Location
- Fayette, IA
- Founding
- 08/1955
- Data as of
- 06/2023
- EIN
- 42-0680372
Organization Overview
Upper Iowa University is located in Fayette, IA. The organization was established in 1955. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Upper Iowa University employed 1,150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Iowa University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Upper Iowa University generated $53.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $63.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UPPER IOWA UNIVERSITY PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES ACCESSIBLE THROUGH VARIED DELIVERY METHODS TO INSPIRE SUCCESS AND EMPOWER LIVES.
Describe the Organization's Program Activity:
EDUCATION, INSTRUCTION, AND SUPPORT - UPPER IOWA UNIVERSITY SERVED 3,072 STUDENTS WORLDWIDE. THE FAYETTE CAMPUS SERVED 552 TRADITIONAL UNDERGRADUATE STUDENTS, DRAWING THE MAJORITY OF THESE STUDENTS FROM IOWA, MINNESOTA, WISCONSIN AND ILLINOIS. THE UNIVERSITY IS DIVERSE IN ITS ETHNICITY, RACE, GENDER, ECONOMICS, AND GEOGRAPHY. UNDERGRADUATE DEGREES ARE OFFERED THROUGH THE SCHOOL OF EDUCATION, THE SCHOOL OF BUSINESS, AND THE SCHOOL OF ARTS AND SCIENCES. UPPER IOWA UNIVERSITY OFFERS SEVERAL MASTER'S DEGREES, BOTH ONLINE AND FACE-TO-FACE. MASTER'S DEGREES ARE AVAILABLE IN EDUCATION, BUSINESS ADMINISTRATION, HEALTHCARE ADMINISTRATION, COUNSELING, SPORT ADMINISTRATION, AND PUBLIC ADMINISTRATION. POST-GRADUATE CERTIFICATES ALSO ARE AVAILABLE IN ACCOUNTING, CORPORATE FINANCIAL MANAGEMENT, HUMAN RESOURCE MANAGEMENT, LITERACY COACH, TEACHER LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT.
AUXILIARY ENTERPRISES - RESIDENCE HALLS, FOOD SERVICES, LOGO STORE, ETC. FOR THE ABOVE STUDENTS. UNIVERSITY OFFERS DIFFERENT TYPES OF HOUSING AVAILABLE FOR STUDENTS INCLUDING TRADITIONAL DORMS, SUITE STYLE LIVING, AND APARTMENT STYLE LIVING. THE UNIVERSITY ALSO OFFERS FIVE DIFFERENT MEAL PLAN OPTIONS TO BEST SERVE STUDENTS' NEEDS, FROM A TRADITIONAL STUDENT LIVING ON CAMPUS OR A COMMUTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lebin Chair | OfficerTrustee | 2 | $0 |
Peter Clemens Vice Chair | OfficerTrustee | 2 | $0 |
Richard Andres Secretary | OfficerTrustee | 2 | $0 |
Neil Wilkinson Treasurer | OfficerTrustee | 2 | $0 |
Angie Joseph Trustee | OfficerTrustee | 2 | $0 |
Brian Sims Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Food Service | 6/29/23 | $2,333,927 |
Mbs Direct Llc Bookstore | 6/29/23 | $603,621 |
Des Moines Register Advertising | 6/29/23 | $1,267,079 |
Northern Sun Intercollegiate Conference Athletic Conference | 6/29/23 | $316,556 |
Jenzabar Information Technology | 6/29/23 | $438,789 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,759 |
| Related organizations | $0 |
| Government grants | $1,076,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,711,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,914,849 |
| Total Program Service Revenue | $47,881,280 |
| Investment income | $512,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,421 |
| Net Gain/Loss on Asset Sales | -$405,689 |
| Net Income from Fundraising Events | -$366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,872,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,463,036 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $436,900 |
| Compensation of current officers, directors, key employees. | $436,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,769,419 |
| Pension plan accruals and contributions | $311,998 |
| Other employee benefits | $3,982,044 |
| Payroll taxes | $1,509,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,159 |
| Fees for services: Accounting | $136,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $94,325 |
| Fees for services: Investment Management | $57,831 |
| Fees for services: Other | $1,916,055 |
| Advertising and promotion | $2,657,724 |
| Office expenses | $4,964,839 |
| Information technology | $1,381,313 |
| Royalties | $0 |
| Occupancy | $2,518,873 |
| Travel | $1,175,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,222 |
| Interest | $1,787,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,907,705 |
| Insurance | $467,058 |
| All other expenses | $0 |
| Total functional expenses | $63,666,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,775,544 |
| Savings and temporary cash investments | $1,019,173 |
| Pledges and grants receivable | $1,445,384 |
| Accounts receivable, net | $2,750,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,366 |
| Inventories for sale or use | $97,374 |
| Prepaid expenses and deferred charges | $854,749 |
| Net Land, buildings, and equipment | $69,386,114 |
| Investments—publicly traded securities | $17,991,869 |
| Investments—other securities | $2,324,653 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,100,654 |
| Total assets | $108,758,779 |
| Accounts payable and accrued expenses | $2,747,176 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $72,698,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,947,936 |
| Total liabilities | $83,394,093 |
| Net assets without donor restrictions | $8,512,068 |
| Net assets with donor restrictions | $16,852,618 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $108,758,779 |