State University Of Iowa Foundation
- Assets
- $1.9b
- Revenue
- $132.8m
- Investments
- $588.5m
- Employees
- 320
- Location
- Iowa City, IA
- Founding
- 04/1957
- Data as of
- 06/2021
- EIN
- 42-0796760
Organization Overview
State University Of Iowa Foundation, operating under the name Univ Of Iowa Center For Advancement, is located in Iowa City, IA. The organization was established in 1957. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Univ Of Iowa Center For Advancement employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Univ Of Iowa Center For Advancement 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 06/2021, Univ Of Iowa Center For Advancement generated $132.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $131.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY.
Describe the Organization's Program Activity:
GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT SUPPORT.
GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR FACILITIES ALUMNI AND DONORS.
GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette L Marshall President | Officer | 40 | $517,581 |
Tiffani K Shaw Vp/asst Secretary | Officer | 40 | $346,871 |
Jim Bethea Chief Investment Officer | 40 | $283,406 | |
Robert K Clark VP Main Campus Development | Officer | 40 | $224,833 |
Sheila Baldwin VP Health Sciences Development | Officer | 40 | $224,381 |
Tom K Deprenger VP Principal Gifts | 40 | $210,865 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solovis Inc Financial Consultant | 6/29/21 | $137,138 |
Fund Evaluation Group Llc Financial Consultant | 6/29/21 | $319,823 |
Amergent Inc Mail Solicitation | 6/29/21 | $397,340 |
Blackbaud Inc Software Maintenance | 6/29/21 | $307,277 |
Aqr Capital Management Inc Financial Consultant | 6/29/21 | $300,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,527,131 |
| Investment income | $2,285,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $200,785 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,597,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,809,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,222,079 |
| Compensation to disqualified persons | $290,070 |
| Other salaries and wages | $19,505,198 |
| Pension plan accruals and contributions | $2,030,124 |
| Other employee benefits | $2,787,610 |
| Payroll taxes | $1,385,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,111 |
| Fees for services: Accounting | $54,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $379,027 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,740 |
| Advertising and promotion | $157,495 |
| Office expenses | $387,089 |
| Information technology | $1,298,747 |
| Royalties | $0 |
| Occupancy | $761,613 |
| Travel | $43,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,019 |
| Insurance | $184,682 |
| All other expenses | $0 |
| Total functional expenses | $131,529,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,487,259 |
| Savings and temporary cash investments | $97,025,967 |
| Pledges and grants receivable | $166,807,155 |
| Accounts receivable, net | $447,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $985,898,480 |
| Investments—other securities | $588,460,345 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,864,654,286 |
| Accounts payable and accrued expenses | $4,939,234 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,529,250 |
| Total liabilities | $127,468,484 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,737,185,802 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that State University Of Iowa Foundation has recieved totaling $563,300.
| Awarding Organization | Amount |
|---|---|
Gerdin Charitable Foundation North Liberty, IA PURPOSE: THE UNIVERSITY OF IOWA SOCCER OPERATIONS FACILITY | $500,000 |
George H Scanlon Foundation Okoboji, IA PURPOSE: GENERAL OPERATING BUDGET | $35,000 |
Kenneth Goodman Family Foundation Scottsdale, AZ PURPOSE: TO FURTHER EDUCATION | $15,000 |
Daniel J & Ann L Krumm Charitable Trust Ames, IA PURPOSE: GENERAL OPERATING | $13,300 |
Endowment Analysis
| Beg. Balance | $897,174,223 |
| Earnings | $244,794,087 |
| Net Contributions | $52,108,756 |
| Other Expense | $24,178,469 |
| Grants | $12,944,963 |
| Ending Balance | $1,156,953,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Wisconsin Foundation Madison, WI | $5,692,461,410 | $739,045,115 |
University Of Nebraska Foundation Lincoln, NE | $3,267,056,557 | $428,116,376 |
University Of Illinois Foundation Urbana, IL | $2,568,738,108 | $352,648,216 |
University Of Minnesota Foundation Minneapolis, MN | $4,420,065,180 | $669,514,544 |
State University Of Iowa Foundation Iowa City, IA | $1,864,654,286 | $132,809,685 |
Iowa State University Foundation Ames, IA | $1,790,439,488 | $196,378,537 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |