Isu Facilities Corporation

Organization Overview

Isu Facilities Corporation is located in Ames, IA. The organization was established in 2016. 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. Isu Facilities Corporation 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, Isu Facilities Corporation generated $4.4m in total revenue. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 180.0% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST IN THE CONSTRUCTION AND ACQUISITION OF REAL PROPERTY FACILITIES USEFUL TO IOWA STATE UNIVERSITY, AND THEREAFTER LEASE SUCH FACILITIES TO THE BOARD OF REGENTS FOR THE USE OF IOWA STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PREVIOUSLY ISSUED BONDS AND USED THE PROCEEDS THEREOF TO ACQUIRE AN INTEREST IN A BIOSCIENCE FACILITY ON THE IOWA STATE UNIVERSITY CAMPUS. THE ORGANIZATION CONTINUES TO LEASE THE FACILITY TO THE BOARD OF REGENTS FOR THE USE OF IOWA STATE UNIVERSITY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$615
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $615
Total Revenue from Contributions, Gifts, Grants & Similar$615
Total Program Service Revenue$4,379,613
Investment income $0
Tax Exempt Bond Proceeds $406
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,380,634

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Isu Facilities Corporation has recieved totaling $8,446.

Awarding OrganizationAmount
Iowa State University Foundation

Ames, IA

PURPOSE: LEGAL FEES

$4,223
Iowa State University Foundation

Ames, IA

PURPOSE: LEGAL FEES

$4,223
View Grant Recipient Profile

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