University Of Iowa Strategic Initiatives Fund
- Assets
- $1.1b
- Revenue
- $26.8m
- Investments
- $472.7m
- Employees
- 0
- Location
- Iowa City, IA
- Founding
- Data as of
- 06/2023
- EIN
- 84-4628214
Organization Overview
University Of Iowa Strategic Initiatives Fund is located in Iowa City, IA. 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. University Of Iowa Strategic Initiatives Fund 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, University Of Iowa Strategic Initiatives Fund generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $20.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE STATE UNIVERSITY OF IOWA'S STRATEGIC PLAN IMPLEMENTATION BY PROVIDING GRANTS FOR SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES AND SUBSIDIZING UTILITY EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES (PATHWAYS TO SUCCESS: ENSURING HIGH QUALITY CAREER DEVELOPMENT FOR EVERY HAWKEYE, $407,040; EXTERNAL JOB PLACEMENT SERVICES FOR PARTNERS OF RECRUITED FACULTY AND SELECT SENIOR-LEVEL STAFF, $315,000; MIDWEST FLASH LAB: DEVELOPING NEXT-GENERATION RADIOTHERAPY DELIVERY AND EXPERTISE AT THE UI, $3,000,000; HIGH IMPACT HIRING INITIATIVE: A PROGRAM TO STRATEGICALLY RECRUIT AND RETAIN TALENTED FACULTY, $7,500,000; HIGHER EDUCATION MENTAL HEALTH, $700,000; SUPPORT FOR MID-CAREER FACULTY, 2,000,000; EXCELLENCE IN TEACHING AND LEARNING: DEVELOPMENT OF A SET OF EFFECTIVE STRATEGIES FOR COURSE CURRICULUM INNOVATION, $477,960; REDOX REGULATION OF IMMUNOLOGICAL RESPONSES DURING CANCER THERAPY USING NOVEL REDOX ACTIVE MOLECULE APPROACHES THAT BOTH ENHANCE ANTI-TUMOR IMMUNE RESPONSES AND LIMIT NORMAL TISSUE INJURY, $600,000)
SUBSIDIZATION OF UTILITY EXPENSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President And Director | OfficerTrustee | $0 | |
Name Not Listed Vice President & Director | OfficerTrustee | $0 | |
Name Not Listed President & Director | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Secretary | Officer | 2 | $0 |
Name Not Listed Treasurer | Officer | 2 | $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 | $31,901,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,071,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,829,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,996,546 |
| 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 | $325,775 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Total functional expenses | $20,322,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $613,697,631 |
| Investments—other securities | $472,717,899 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,086,415,530 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,086,415,530 |
| Total liabilities and net assets/fund balances | $1,086,415,530 |