Iowa State University 1993 Trust
- Assets
- $12.6m
- Revenue
- $963.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 42-6527697
Organization Overview
Iowa State University 1993 Trust is located in Ames, IA. The organization was established in 1995. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa State University 1993 Trust 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 12/2021, Iowa State University 1993 Trust generated $963.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $999.6k during the year ending 12/2021. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR A VARIETY OF EDUCATIONAL PROGRAMS AT IOWA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOWA STATE UNIVERSITY 1993 TRUST ("THE TRUST") WAS ESTABLISHED TO PROVIDE FUNDING FOR IOWA STATE UNIVERSITY ("ISU"). ISU IS AN INTERNATIONAL, PRESTIGIOUS UNIVERSITY WITH OVER 33,000 STUDENTS THAT CHOOSE FROM OVER 100 BACHELORS DEGREE PROGRAMS, ONE PROFESSIONAL DEGREE (DVM), OVER 100 MASTERS PROGRAMS, AND OVER 80 PH.D. PROGRAMS, STUDY WITH WORLD-CLASS SCHOLARS, AND HONE THEIR LEADERSHIP SKILLS IN MORE THAN 900 STUDENT ORGANIZATIONS. THE TRUST PROVIDES FUNDS TO ISU TO ENHANCE THE STUDENTS LEARNING IN VARIOUS FIELDS OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Leath End 5817 Trustee | Trustee | 0.5 | $0 |
Benjamin Allen End 111917 Interim President | Trustee | 0.5 | $0 |
Wendy Wintersteen Beg 112017 Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $148,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $814,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $963,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $722,575 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,516 |
| Fees for services: Other | $5,955 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $258,590 |
| Total functional expenses | $999,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,549,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,562,800 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12,562,800 |
| 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 | $12,562,800 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Iowa State University 1993 Trust has recieved totaling $17,162.
| Awarding Organization | Amount |
|---|---|
Rahr Foundation Shakopee, MN PURPOSE: SCHOLARSHIP | $7,500 |
Mwe Scholarship Fund Grand Forks, ND PURPOSE: SCHOLARSHIP | $7,014 |
Marcia Hansen Educational Foundation Indianola, IA PURPOSE: SCHOLARSHIP | $1,500 |
William Power Charitable Tr 2800339800 Greenfield, IN PURPOSE: PROGRAM SUPPORT | $1,148 |
Endowment Analysis
| Beg. Balance | $12,599,147 |
| Earnings | $963,289 |
| Admin Expense | $277,061 |
| Grants | $722,575 |
| Ending Balance | $12,562,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |