University Of Northern Iowa Foundation
- Assets
- $224.2m
- Revenue
- $39.2m
- Investments
- $57.6m
- Employees
- 45
- Location
- Cedar Falls, IA
- Founding
- 01/1961
- Data as of
- 06/2022
- EIN
- 42-6058591
Organization Overview
University Of Northern Iowa Foundation is located in Cedar Falls, IA. The organization was established in 1961. 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 06/2022, University Of Northern Iowa Foundation employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Northern Iowa Foundation 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 06/2022, University Of Northern Iowa Foundation generated $39.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $24.0m during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Northern Iowa Foundation has awarded 80 individual grants totaling $20,043,892. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUSTAIN, GROW AND PROMOTE THE UNIVERSITY OF NORTHERN IOWA BY SOLICTING AND MANAGING GIFTS TO SUPPORT THE UNIVERSITY'S EDUCATION , RESEARCH & SCIENTIFIC ACTIVITIES.
Describe the Organization's Program Activity:
SCHOLARSHIPS, PRIMARILY FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA - SCHOLARSHIP RECIPIENTS ARE CHOSEN BY THE UNIVERSITY OF NORTHERN IOWA FACULTY, DEPARTMENT HEADS, DEANS, FINANCIAL AID OFFICERS, OR A COMBINATION OF THESE. SCHOLARSHIP RECIPIENTS ARE SELECTED ACCORDING TO SCHOLARSHIP GUIDELINES WRITTEN AT THE TIME THE SCHOLARSHIP IS ESTABLISHED. THE UNIVERSITY OF NORTHERN IOWA FOUNDATION (UNI FOUNDATION) ADMINISTERS THE FUNDS FOR SCHOLARSHIPS SUPPORTED BY PRIVATE GIFTS.
SUPPORT TO HELP IN THE OPERATIONS OF THE UNIVERSITY OF NORTHERN IOWA ALUMNI ASSOCIATION.
DEPARTMENTAL SUPPORT FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA - UNI FOUNDATION IS DESIGNATED AS THE CENTRAL FUNDRAISING AGENCY FOR THE UNIVERSITY OF NORTHERN IOWA. UNI FOUNDATION CONDUCTS CAMPAIGNS FOR UNIVERSITY PRIORITIES AND PROVIDES CENTRAL SERVICES TO SUPPORT FUNDRAISING, GROWTH OF THE ENDOWMENT, ADMINISTRATION, COMPLIANCE, DONOR STEWARDSHIP, AND OTHER AREAS.LAUNCHED IN THE FALL OF 2020, UNI FOUNDATION IS SUPPORTING THE DMACC URBAN CAMPUS IN DOWNTOWN DES MOINES THROUGH A NEW PROGRAM FOR STUDENTS TO EARN A FOUR-YEAR DEGREE BY ATTENDING ONSITE AT DMACC THEN ONLINE THROUGH THE UNIVERSITY OF NORTHERN IOWA. THESE PAYMENTS WILL TOTAL TO 2,500,000 AND WILL BE PAID IN ANNUAL INSTALLMENTS EACH YEAR FROM AUGUST 2020 THROUGH AUGUST 2024.
CAPITAL PROJECTS TO BENEFIT THE UNIVERSITY OF NORTHERN IOWA - DURING FISCAL YEAR 2022 INCLUDED THE CAMPANILE RENOVATION, FOOTBALL OUTDOOR PRACTICE FIELD, GALLAGHER-BLUEDORN PERFORMING ARTS CENTER EXPANSION AND THE UNI FOOTBALL MEETING ROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Jermier Board President | Officer | 40 | $226,498 |
Noreen Hermansen VP For Principal Gifts | 40 | $147,434 | |
Steve Gearhart Associate VP For Advancement | 40 | $137,691 | |
Leslie Prideaux Avp Alumni Relations | 40 | $101,935 | |
Nate Clapham Assistant VP Collegiate Dev/annual Giving | 40 | $100,853 | |
Stacy Robinson Board Treasurer | Officer | 40 | $112,342 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Smith Barney Investment Consulting | 6/29/22 | $207,271 |
Eab Global Inc Marketing Services | 6/29/22 | $148,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $208,149 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,448,376 |
| Noncash contributions included in lines 1a–1f | $2,966,335 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,656,525 |
| Total Program Service Revenue | $0 |
| Investment income | $6,130,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,742 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,352,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,233,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,104,610 |
| Grants and other assistance to domestic individuals. | $6,753,962 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,249,341 |
| Compensation of current officers, directors, key employees. | $707,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,648,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,045 |
| Fees for services: Accounting | $101,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $289,072 |
| Fees for services: Investment Management | $1,262,008 |
| Fees for services: Other | $760,588 |
| Advertising and promotion | $500 |
| Office expenses | $473,668 |
| Information technology | $166,672 |
| Royalties | $0 |
| Occupancy | $45,272 |
| Travel | $883,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,217 |
| Insurance | $100,412 |
| All other expenses | $500,622 |
| Total functional expenses | $24,028,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,881,389 |
| Savings and temporary cash investments | $3,889,633 |
| Pledges and grants receivable | $25,203,009 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,173 |
| Prepaid expenses and deferred charges | $199,391 |
| Net Land, buildings, and equipment | $55,917 |
| Investments—publicly traded securities | $125,619,060 |
| Investments—other securities | $57,618,417 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,680,186 |
| Total assets | $224,185,175 |
| Accounts payable and accrued expenses | $1,089,865 |
| Grants payable | $0 |
| Deferred revenue | $2,156 |
| 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 | $2,127,934 |
| Total liabilities | $3,219,955 |
| Net assets without donor restrictions | $11,722,008 |
| Net assets with donor restrictions | $209,243,212 |
| 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 | $224,185,175 |
Grants Awarded
Over the last fiscal year, University Of Northern Iowa Foundation has awarded $4,034,815 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTHERN IOWA PURPOSE: PROGRAM SUPPORT | $27,051 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: PROGRAM SUPPORT | $5,454 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: PROGRAM SUPPORT | $27,700 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: CAPITAL PROJECTS | $3,290,588 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: PROGRAM SUPPORT | $14,742 |
DMACC FOUNDATION PURPOSE: DMACC/UNI ACADEMIC PARTNERSHIP | $600,000 |