UNIVERSITY OF IOWA RESEARCH FOUNDATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF IOWA RESEARCH FOUNDATION (EIN 23-7436761)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-12
- IRS object ID
- 202501329349301285
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-12T10:02:33-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 3RD AVENUE SE SUITE 300 | AddressLine1Txt |
| City | CEDAR RAPIDS | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237436761 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF IOWA RESEARCH FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 3193354546 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 SOUTH CAPITOL STREET 2660 UCC | AddressLine1Txt |
| City | IOWA CITY | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 522425500 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TERRY JOHNSON | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3193354546 | PhoneNum |
| Signature | 2025-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID LITTLE | PreparerPersonNm |
| PTIN | P01480921 | PTIN |
| Phone | 3193632697 | PhoneNum |
| Preparation | 2025-04-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | J MARTIN SCHOLTZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 SOUTH CAPITOL STREET 2660 UCC | AddressLine1Txt |
| City | IOWA CITY | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 522425500 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,402,827 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://UIRF.RESEARCH.UIOWA.EDU/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1975 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | UIRF ASSISTS RESEARCHERS IN THE TRANSFER OF UI TECHNOLOGY FROM THE LAB TO THE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 2 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Volunteers | 8 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,000,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,452,120 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,320,463 | CYProgramServiceRevenueAmt |
| PY Investment Income | $257,910 | PYInvestmentIncomeAmt |
| CY Investment Income | $82,364 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $3,710,030 | PYTotalRevenueAmt |
| CY Total Revenue | $6,402,827 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,341,760 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,553,726 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,771,285 | PYOtherExpensesAmt |
| CY Other Expenses | $4,721,275 | CYOtherExpensesAmt |
| PY Total Expenses | $5,113,045 | PYTotalExpensesAmt |
| CY Total Expenses | $6,275,001 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,403,015 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $127,826 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,839,347 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,575,072 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,152,078 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,293,508 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,687,269 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $8,281,564 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE UNIVERSITY OF IOWA RESEARCH FOUNDATION'S (UIRF) MISSION IS TO: ADVANCE, DEVELOP, INCREASE AND EXTEND THE PROGRESS OF SCIENCE AND USEFUL ARTS THROUGH ENCOURAGING AND ASSISTING INVESTIGATION, RESEARCH AND EDUCATION AT THE STATE UNIVERSITY OF IOWA BY FURNISHING THE MEANS, METHODS AND AGENCIES BY WHICH IDEAS, CREATIONS, DISCOVERIES, INVENTIONS AND PROCESSES MAY BE PROTECTED AND THE USES THEREOF DETERMINED AND SAFEGUARDED FOR THE PUBLIC, AND TO MANAGE, LICENSE AND DISPOSE OF PROPRIETARY RIGHTS IN IDEAS, CREATIONS, DISCOVERIES, INVENTIONS AND PROCESSES OF ANY NATURE; TO RECEIVE BY GIFT, GRANT, DEVISE OR BEQUEST, AND TO ACQUIRE BY PURCHASE, LEASE, EXCHANGE OR OTHERWISE, PROPERTY, BOTH REAL AND PERSONAL, EITHER AS ABSOLUTE OWNER OR AS TRUSTEE THEREOF, AND TO MANAGE AND ADMINISTER THE SAME; TO MAKE CONTRIBUTIONS, GRANTS, GIFTS AND TRANSFERS OF PROPERTY, BOTH REAL AND PERSONAL, EITHER OUTRIGHT OR IN TRUST, TO OR FOR THE BENEFIT OF THE STATE UNIVERSITY OF IOWA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,796,514 | ExpenseAmt |
| Revenue | $3,320,463 | RevenueAmt |
| Desc | DURING THE FISCAL YEAR 2024, THE UNIVERSITY OF IOWA RESEARCH FOUNDATION DISTRIBUTED NET REVENUE OF $1.8 MILLION, AND EXECUTED 29 NEW LICENSE/OPTION AGREEMENTS. | Desc |
| Total Program Service Expenses | $5,796,514 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 120 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 11 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 2 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHERRY MCCLELLEN | PersonNm |
| Phone | 3193354605 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 SOUTH CAPITOL STREET 2660 UCC | AddressLine1Txt |
| City | IOWA CITY | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 522425500 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| KERBESHIAN MARIE | |||||||||
| SECRETARY | 40.00 | 0.00 | Yes (X) | Yes (X) | $252,366 | $0 | $47,924 | ||
| DARSEE JON | |||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $257,497 | $46,556 | |||
| JOHNSONTERRY | |||||||||
| TREASURER | 1.00 | 39.00 | Yes (X) | Yes (X) | $0 | $358,066 | $59,014 | ||
| SCHOLTZ J MARTIN | |||||||||
| PRESIDENT | 1.00 | 39.00 | Yes (X) | Yes (X) | $0 | $410,489 | $55,818 | ||
| WEINER GEORGE | |||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $516,327 | $65,820 | |||
| BROGDEN NICHOLE | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $140,436 | $37,575 | |||
| SALEM ALIASGER | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $260,661 | $46,068 | |||
| DUNKEL NANCY | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| REINHART FRED | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WILSON BARBARA | |||||||||
| UNIVERSITY OF IOWA PRESIDENT | 1.00 | 39.00 | Yes (X) | Yes (X) | $0 | $687,103 | $559,316 | ||
| BOJIN MIHAELA | |||||||||
| EMPLOYEE | 40.00 | 0.00 | $136,446 | $0 | $14,365 | Yes (X) | |||
| SENSOR KELLEN | |||||||||
| EMPLOYEE | 40.00 | 0.00 | $125,359 | $0 | $33,059 | Yes (X) | |||
| ARNOLD MARK | |||||||||
| FORMER OFFICER | 1.00 | 39.00 | $0 | $272,530 | $48,499 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $514,171 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,903,109 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,014,014 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VIKSNINS HARRIS & PADYS PLLP | |||||
| 7900 INTERNATIONAL DRIVE SUITE 410 | BLOOMINGTON | MN | 55425 | LEGAL | $1,030,923 |
| COMPUTER PACKAGES INC | |||||
| 11 N WASHINGTON ST SUITE 300 | ROCKVILLE | MD | 20850 | PATENT FEES | $337,343 |
| SCHWEGMAN LUNDBERG & WOESSNER | |||||
| 1600 TCF TOWER 121 SOUTH EIGHTH STR | MINNEAPOLIS | MN | 55402 | LEGAL | $331,907 |
| DENTON DAVIS BROWN | |||||
| 215 10TH STREET SUITE 1300 | DES MOINES | IA | 503093993 | LEGAL | $220,544 |
| TREMONTI CONSULTING LLC | |||||
| 1120 SOUTH SOUTH FWY STE 208 | FORTH WORTH | TX | 76104 | ASSET MANAGEMENT | $109,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Related Organizations | $3,000,000 | RelatedOrganizationsAmt |
| Total Contributions | $3,000,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| REIMBURSED PATENT ACQU | 541700 | $1,152,618 | $1,152,618 |
| LICENSE, SUBLICENSE, A | 541700 | $1,098,399 | $1,098,399 |
| ROYALTIES | 541700 | $1,069,446 | $1,069,446 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,320,463 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $82,364 | TotalRevenueColumnAmt |
| Exclusion | $82,364 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,402,827 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,320,463 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $82,364 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $367,756 | TotalAmt |
| Program Services | $275,817 | ProgramServicesAmt |
| Management And General | $91,939 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $846,936 | TotalAmt |
| Program Services | $635,202 | ProgramServicesAmt |
| Management And General | $211,734 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $339,034 | TotalAmt |
| Program Services | $254,275 | ProgramServicesAmt |
| Management And General | $84,759 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,200 | TotalAmt |
| Program Services | $3,150 | ProgramServicesAmt |
| Management And General | $1,050 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,613 | TotalAmt |
| Program Services | $119,710 | ProgramServicesAmt |
| Management And General | $39,903 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $713 | TotalAmt |
| Program Services | $535 | ProgramServicesAmt |
| Management And General | $178 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,518 | TotalAmt |
| Program Services | $1,140 | ProgramServicesAmt |
| Management And General | $378 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,649 | TotalAmt |
| Program Services | $12,487 | ProgramServicesAmt |
| Management And General | $4,162 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,068,573 | TotalAmt |
| Program Services | $2,068,573 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,138 | TotalAmt |
| Program Services | $41,354 | ProgramServicesAmt |
| Management And General | $13,784 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PATENT ACQUISITION COST | $2,376,118 | $2,376,118 | |
| BAD DEBT EXPENSE | $27,882 | $27,882 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,871 | TotalAmt |
| Program Services | $8,153 | ProgramServicesAmt |
| Management And General | $2,718 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,275,001 | TotalAmt |
| Program Services | $5,796,514 | ProgramServicesAmt |
| Management And General | $478,487 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,358,012 | BOYAmt |
| EOY | $7,885,533 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,910,915 | BOYAmt |
| EOY | $1,832,205 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $202,990 | BOYAmt |
| EOY | $131,247 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,613 | BOYAmt |
| EOY | $83,309 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $69,278 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $69,278 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,817 | BOYAmt |
| EOY | $527,778 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,000 | BOYAmt |
| EOY | $115,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,839,347 | BOYAmt |
| EOY | $10,575,072 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $390,262 | BOYAmt |
| EOY | $1,121,069 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,761,816 | BOYAmt |
| EOY | $1,172,439 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,152,078 | BOYAmt |
| EOY | $2,293,508 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,687,269 | BOYAmt |
| EOY | $8,281,564 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,687,269 | BOYAmt |
| EOY | $8,281,564 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,839,347 | BOYAmt |
| EOY | $10,575,072 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $127,826 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $466,469 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF IOWA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 426004813 | EIN |
| Organization Type | 2 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $742,815 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $742,815 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, SECTION A, LINE 2 | FormAndLineReferenceDesc |
| Explanation | UI IS A STATE UNIVERSITY MANAGED BY THE IOWA BOARD OF REGENTS AND QUALIFIES UNDER SEC. 509(A)(1) AS A SEC. 170(B)(1)(A)(II) EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. UI IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. AS A STATE UNIVERSITY, IT IS NOT REQUIRED TO OBTAIN AN IRS DETERMINATION OF RECOGNITION OF ITS PUBLIC CHARITY STATUS. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,278 | OtherCostOrOtherBasisAmt |
| Depreciation | $69,278 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISTRIBUTIONS PAYABLE | Desc |
| Amt | $1,172,439 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,172,439 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILSON BARBARA | ||||||||||||||
| UNIVERSITY OF IOWA PRESIDENT | $0 | $664,071 | $0 | $0 | $0 | $23,032 | $0 | $535,780 | $0 | $23,536 | $0 | $1,246,419 | $0 | $0 |
| WEINER GEORGE | ||||||||||||||
| DIRECTOR | $0 | $512,454 | $0 | $0 | $0 | $3,873 | $0 | $44,000 | $0 | $21,820 | $0 | $582,147 | $0 | $0 |
| SCHOLTZ J MARTIN | ||||||||||||||
| PRESIDENT | $0 | $396,759 | $0 | $0 | $0 | $13,730 | $0 | $32,840 | $0 | $22,978 | $0 | $466,307 | $0 | $0 |
| JOHNSONTERRY | ||||||||||||||
| TREASURER | $0 | $353,589 | $0 | $0 | $0 | $4,477 | $0 | $36,078 | $0 | $22,936 | $0 | $417,080 | $0 | $0 |
| ARNOLD MARK | ||||||||||||||
| FORMER OFFICER | $0 | $258,144 | $0 | $0 | $0 | $14,386 | $0 | $26,313 | $0 | $22,186 | $0 | $321,029 | $0 | $0 |
| SALEM ALIASGER | ||||||||||||||
| DIRECTOR | $0 | $228,680 | $0 | $0 | $0 | $31,981 | $0 | $23,792 | $0 | $22,276 | $0 | $306,729 | $0 | $0 |
| DARSEE JON | ||||||||||||||
| DIRECTOR | $0 | $255,536 | $0 | $0 | $0 | $1,961 | $0 | $25,760 | $0 | $20,796 | $0 | $304,053 | $0 | $0 |
| KERBESHIAN MARIE | ||||||||||||||
| SECRETARY | $250,443 | $0 | $0 | $0 | $1,923 | $0 | $25,433 | $0 | $22,491 | $0 | $300,290 | $0 | $0 | $0 |
| BROGDEN NICHOLE | ||||||||||||||
| DIRECTOR | $0 | $123,835 | $0 | $0 | $0 | $16,601 | $0 | $12,919 | $0 | $24,656 | $0 | $178,011 | $0 | $0 |
| SENSOR KELLEN | ||||||||||||||
| EMPLOYEE | $124,248 | $0 | $0 | $0 | $1,111 | $0 | $12,806 | $0 | $20,253 | $0 | $158,418 | $0 | $0 | $0 |
| BOJIN MIHAELA | ||||||||||||||
| EMPLOYEE | $135,307 | $0 | $0 | $0 | $1,139 | $0 | $13,663 | $0 | $702 | $0 | $150,811 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | COMPENSATION IS PROVIDED EXCLUSIVELY TO INDIVIDUALS WHO ARE CURRENT OR FORMER EMPLOYEES OF THE UNIVERSITY OF IOWA (UI), WHICH IS CONSIDERED A RELATED PARTY. COMPENSATION ARRANGEMENTS ARE ESTABLISHED INDEPENDENTLY BY UI AND ARE NOT INFLUENCED BY UIRF. THE UNIVERSITY OF IOWA DETERMINES COMPENSATION IN ACCORDANCE WITH ITS ESTABLISHED POLICIES, WHICH MAY INCLUDE SALARY SURVEYS, MARKET STUDIES, AND WRITTEN EMPLOYMENT OFFERS. ADDITIONALLY, THE UNIVERSITY OF IOWA SERVES AS THE COMMON PAYMASTER FOR UIRF | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART IV, LINE 11F: | AS PART OF THE AUDIT CONDUCTED FOR THE ORGANIZATION A FIN 48 (ASC 740) ANALYSIS IS COMPLETED. IT WAS DETERMINED THAT NO UNCERTAIN TAX POSITION EXISTED AND AS SUCH THERE IS NO FOOTNOTE IN THE FINANCIAL STATEMENTS THAT DISCUSSES FIN 48 (ASC 740). |
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD OF DIRECTORS MAY AUTHORIZE THE CREATION OF AN EXECUTIVE COMMITTEE AND ANY OTHER COMMITTEE OF THE BOARD OF DIRECTORS; MAY DETERMINE WHETHER OR NOT THE MEMBERS OF SUCH COMMITTEES WILL BE SELECTED FROM WITHIN OR WITHOUT THE DIRECTORS OF THE CORPORATION; AND, TO THE EXTENT PERMITTED BY LAW, MAY INVEST SUCH COMMITTEES WITH SUCH POWERS AND DUTIES AS IT DEEMS NECESSARY. THE BOARD OF DIRECTORS MAY APPOINT THE MEMBERS OF SUCH COMMITTEES, BUT BOTH THE APPOINTMENT OF COMMITTEE MEMBERS AND THE CREATION OF THE COMMITTEE SHALL BE APPROVED BY THE MAJORITY OF DIRECTORS THEN SERVING. ANY SUCH COMMITTEE SHALL CONSIST OF NO FEWER THAN TWO (2) DIRECTORS, WITH THE EXCEPTION OF THE EXECUTIVE COMMITTEE, WHICH SHALL CONSIST OF FOUR (4) DIRECTORS. EACH SUCH COMMITTEE SHALL SERVE AT THE PLEASURE OF THE BOARD OF DIRECTORS, SHALL ACT ONLY IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SHALL BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. EACH SUCH COMMITTEE MAY ACT BY A MAJORITY OF ITS MEMBERS. AN ACT OR AUTHORIZATION OF AN ACT BY SUCH COMMITTEE WITHIN THE AUTHORITY DELEGATED TO IT SHALL BE AS EFFECTIVE FOR ALL PURPOSES AS THE ACT OR AUTHORIZATION OF THE BOARD OF DIRECTORS. THE SECRETARY OF THE CORPORATION SHALL SEND TO EACH DIRECTOR A SUMMARY OF THE BUSINESS CONDUCTED AT ANY MEETING OF ANY COMMITTEE OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 2 | J. MARTIN SCHOLTZ (PRESIDENT), JON DARSEE (DIRECTOR), TERRY JOHNSON (TREASURER), MARTY SCHOLTZ (PRESIDENT), MARIE KERBESHIAN (SECRETARY), AND BARBARA WILSON (PRESIDENT OF THE UNIVERSITY OF IOWA) SHARE A PROFESSIONAL ASSOCIATION. IN THIS CONTEXT, THE TERM 'BUSINESS RELATIONSHIP' SPECIFICALLY REFERS TO A DIRECT REPORTING DYNAMIC WITHIN THEIR RESPECTIVE ROLES AT THE UNIVERSITY OF IOWA OR THE UNIVERSITY OF IOWA CENTER FOR UNIVERSITY ADVANCEMENT." |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS SHALL BE CHOSEN BY THE UNIVERSITY OF IOWA'S PRESIDENT IMMEDIATELY PRECEDING THE ANNUAL MEETING OF THE DIRECTORS OF THE CORPORATION, OR, IF THE UNIVERSITY OF IOWA PRESIDENT SO DIRECTS THE BOARD, THE BOARD OF DIRECTORS SHALL CHOOSE ITS SUCCESSORS FROM THE NOMINEES DESIGNATED BY AND APPROVED BY THE UNIVERSITY OF IOWA PRESIDENT. THE UNIVERSITY OF IOWA PRESIDENT MAY ALSO APPOINT ONE OR MORE INDIVIDUALS DIRECTLY TO THE BOARD OF DIRECTORS AND MAY REMOVE ONE OR MORE INDIVIDUALS FROM THE BOARD OF DIRECTORS WITH OR WITHOUT CAUSE BY GIVING WRITTEN NOTICE TO THE PRESIDENT OF THIS CORPORATION AND THE DIRECTOR OR DIRECTORS, WHICH REMOVAL SHALL BE EFFECTIVE AS OF THE DATE OF THE GIVING OF THE WRITTEN NOTICE TO THE PRESIDENT OF THIS CORPORATION. IN THE EVENT OF A VACANCY IN THE BOARD OF DIRECTORS, THE BOARD SHALL ELECT AT A SPECIAL MEETING OF DIRECTORS CALLED FOR SUCH PURPOSE, A PERSON TO FILL SUCH VACANCY, PROVIDED THAT THE ELECTION OF SUCH PERSON SATISFIES THE REQUIREMENTS SET FORTH IN THESE BYLAWS AND RECEIVES THE APPROVAL OF THE UNIVERSITY OF IOWA PRESIDENT. SUCH PERSON SHALL SERVE WITH THE SAME RIGHTS AND DUTIES AND FOR THE SAME TERM AS THE PERSON WHOM HE/SHE WAS ELECTED TO SUCCEED. OTHER THAN THE TERM OF THE EX OFFICIO DIRECTORS NAMED IN THESE BYLAWS, WHOSE RESPECTIVE TERMS COINCIDE WITH HIS/HER TENURE IN THAT POSITION, ALL OTHER DIRECTORS SHALL SERVE FOR A THREE-YEAR TERM, WITH NO LIMIT ON THE NUMBER OF TERMS THAT MAY BE SERVED. THE VICE PRESIDENT FOR RESEARCH, THE CHIEF FINANCIAL OFFICER AND TREASURER OF THE UNIVERSITY OF IOWA, AND THE ASSISTANT VICE PRESIDENT, UNIVERSITY OF IOWA RESEARCH FOUNDATION (EACH AN "EX OFFICIO DIRECTOR") SHALL EACH RESPECTIVELY BE A DIRECTOR BY VIRTUE OF HIS/HER SERVING IN THAT CAPACITY AND EACH ONE'S TERM WILL COINCIDE WITH HIS/HER RESPECTIVE TENURE IN THAT POSITION. MEMBERSHIP ON THE BOARD OF DIRECTORS BY A MEMBER OF THE STATE BOARD OF REGENTS OF THE STATE OF IOWA OR A DESIGNEE THEREOF MAY SERVE AT THE DISCRETION OF THE STATE BOARD OF REGENTS AND SHALL BE INITIATED AND TERMINATED BY ACTION OF THE STATE BOARD OF REGENTS. THE OTHER PERSONS WHO SHALL BE ELIGIBLE TO SERVE ON THE CORPORATION'S BOARD OF DIRECTORS SHALL BE THE OFFICERS OF THE UNIVERSITY OF IOWA AND THE MEMBERS OF THOSE OFFICER'S ADMINISTRATIVE AND EXECUTIVE STAFFS AND SUCH OTHER PERSONS AS THE PRESIDENT SHALL DEEM APPROPRIATE, HOWEVER, AT ALL TIMES THE MAJORITY OF THE DIRECTORS SHALL BE OFFICERS OF THE UNIVERSITY OF IOWA AND THE MEMBERS OF THOSE OFFICER'S ADMINISTRATIVE AND EXECUTIVE STAFFS. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY DIRECTOR, BY NOTICE IN WRITING TO THE BOARD OF DIRECTORS, MAY RESIGN. ANY DIRECTOR MAY BE REMOVED FROM OFFICE FOR A GOOD CAUSE UPON THE AFFIRMATIVE VOTE OF AT LEAST TWO-THIRDS (2/3) OF THE DIRECTORS PRESENT AT A MEETING WHERE A QUORUM OF DIRECTORS EXISTS EXCEPT THAT NO VOTE OF DIRECTORS IS REQUIRED IF REMOVAL IS MADE BY THE UNIVERSITY OF IOWA PRESIDENT AS SET FORTH IN PARAGRAPH 4 ABOVE. UPON REQUEST BY THE DIRECTOR SUBJECT TO THE REMOVAL ACTION, A HEARING SHALL BE HELD AT SAID MEETING PRIOR TO THE VOTING OF DIRECTORS BUT ONLY WHEN A VOTE OF DIRECTORS IS REQUIRED. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A PRELIMNARY DRAFT OF THE FORM 990 IS PROVIDED TO UIRF FOR DETAIL REVIEW. AFTER IT IS REVIEWED AND UPDATED, THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD AT LEAST ONE WEEK PRIOR TO SIGNATURE AND FILING. THE TREASURER OF THE BOARD PERFORMS THE FINAL REVIEW AND SIGNS THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED AND SIGNED BY EACH BOARD MEMBER ANNUALLY. DURING THE PROCUREMENT PROCESS UIRF PAYS SPECIAL ATTENTION TO IDENTIFYING ANY POTENTIAL CONFLICTS OF INTERESTS AND SUBJECTS ITSELF TO THE UNIVERSITY OF IOWA'S POLICY, PROCEDURE AND DISCLOSURE REQUIREMENTS. THE SELECTION OF LICENSEES IS ANOTHER AREA WHERE CONFLICTS COULD POTENTIALLY ARISE SO UIRF FOLLOWS REPORTING PROCEDURES AND HAS DAILY DISCUSSIONS WITH THE EXECUTIVE DIRECTOR TO HELP IDENTIFY ANY POTENTIAL CONFLICTS. CONFLICT OF INTEREST VENDORS REQUIRE ADDITIONAL REVIEW AND APPROVAL WITH UI ACCOUNTS PAYABLE BEFORE ANY PAYMENT IS MADE. |
| FORM 990, PART VI, SECTION B, LINE 15 | BOARD MEMBERS ARE NOT COMPENSATED FOR THEIR SERVICE AS BOARD MEMBERS OF UIRF, ALL COMPENSATION BEING DISCLOSED AS PAID BY UIRF OR A RELATED PARTY IS IN THE CAPACITY AS AN EMPLOYEE NOT A BOARD MEMBER. THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE UNIVERSITY OF IOWA AND ALL HIRING AND SALARY PROCEDURES ARE GOVERNED BY THE UNIVERSITY OF IOWA HUMAN RESOURCE POLICIES. UNDER UI POLICY, HIRING DECISIONS REQUIRE INDEPENDENT APPROVAL BY THE OFFICE OF EQUAL OPPORTUNITY AND DIVERSITY, SALARY PROPOSALS MUST BE WITHIN UNIVERSITY COMPENSATION PLAN MARKET RANGES FOR THE POSITION, AND COMPENSATION OFFERS REQUIRE APPROVAL BY THE UI ORGANIZATION LEVEL HUMAN RESOURCES DEPARTMENT. THE UNIVERSITY COMPENSATION PLAN IS REFRESHED EACH YEAR FOLLOWING AN ANALYSIS OF THE MOST RECENT MARKET DATA. SALARY SURVEY DATA IS DRAWN FROM DIFFERENT GEOGRAPHICAL MARKETS AND BUSINESS SECTORS FOR BENCHMARK JOBS TO DETERMINE WHETHER A CHANGE NEEDS TO BE MADE IN ANY MARKET RANGE AND MEDIAN ZONE IN ORDER TO REMAIN COMPETITIVE FOR THE RECRUITMENT AND RETENTION OF UNIVERSITY STAFF. MARKET DATA FOR SEVENTY ADDITIONAL BENCHMARK JOBS WERE UTILIZED IN THE MOST CURRENT ANALYSIS, WITH ALL BENCHMARK JOBS REPRESENTING APPROXIMATELY 75% OF THE PROFESSIONAL AND SCIENTIFIC STAFF. BECAUSE SALARY MARKETS FOR THE VARIETY OF UNIVERSITY JOBS WILL CHANGE AT DIFFERENT RATES, THE CHANGES RESULTING FROM THE ANNUAL SURVEY ANALYSIS WILL ALSO VARY BETWEEN LEVELS AND PAY STRUCTURES. SALARY INCREASES FOR NON-BARGAINING P%S STAFF SHOULD REWARD PERFORMANCE AND ADDRESS ANY COMPETITIVE MARKET CONDITIONS. THE PRACTICES DESCRIBED BELOW ARE IN ACCORDANCE WITH P&S COMPENSATION PRACTICES. THE FY24 P&S SALARY SCALES HAVE BEEN RECALIBRATED BASED ON MARKET DATA AND MIDPOINTS HAVE INCREASED AN AVERAGE OF APPROXIMATELY 2.5%. THE JULY 1 RATES ARE AVAILABLE ON THE PAY PLANS DIRECTORY. (HTTP://HR.UIOWA.EDU/PAY/GUIDE-PAY-PLANS) ALL KEY EMPLOYEES ARE EMPLOYEES OF THE UNIVERSITY OF IOWA AND ALL HIRING AND SALARY PROCEDURES ARE GOVERNED BY THE UNIVERSITY OF IOWA HUMAN RESOURCE POLICIES. UNDER UI POLICY, HIRING DECISIONS REQUIRE INDEPENDENT APPROVAL BY THE OFFICE OF EQUAL OPPORTUNITY AND DIVERSITY, SALARY PROPOSALS MUST BE WITHIN UNIVERSITY COMPENSATION PLAN MARKET RANGES FOR THE POSITION, AND COMPENSATION OFFERS REQUIRE APPROVAL BY THE UI ORGANIZATION LEVEL HUMAN RESOURCES DEPARTMENT. (HTTP://HR.UIOWA.EDU/DEPT-COMP-CLASS/PRACTICES) THE UNIVERSITY COMPENSATION PLAN IS REFRESHED EACH YEAR FOLLOWING AN ANALYSIS OF THE MOST RECENT MARKET DATA. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VIII, LINE 2A & LINE 2B: | 2A REIMBURSED PATENT ACQUISITION COSTS 2B LICENSE, SUBLICENSE, & MILESTONE FEE |
| FORM 990, PART XII, LINE 2C | NO CHANGE FROM PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF IOWA (UI) | |||||||||||
| 105 JESSUP HALL | IOWA CITY | IA | 52242 | 426004813 | EDUCATIONAL INSTITUTION | IA | N/A | 0 | |||
| IOWA MEASUREMENT RESEARCH FOUNDATION | |||||||||||
| 334 LINDQUIST CENTER | IOWA CITY | IA | 52242 | 420791544 | ADVANCE KNOWLEDGE IN TESTING & MEASUREMENT VIA GRANTS TO UI | IA | 0 | 501(C)(3) | LINE 12A, I | UNIVERSITY OF IOWA | |
| UNIVERSITY OF IOWA RESEARCH PARK CORPORATION | |||||||||||
| 2500 CROSSPARK ROAD | CORALVILLE | IA | 52241 | 421333324 | OPERATION OF RESEARCH PARK FOR UI | IA | 0 | 501(C)(2) | N/A | UNIVERSITY OF IOWA | |
| MUSSER DAVIS LAND COMPANY | |||||||||||
| 4600 MADISON STE 600 | KANSAS CITY | MO | 64112 | 440365680 | SUPPORT THE COLLEGE OF MEDICINE OF UI | MO | 0 | 501(C)(3) | LINE 12A, I | UNIVERSITY OF IOWA | |
| UNIVERSITY OF IOWA STRATEGIC INITIATIVES | |||||||||||
| 105 JESSUP HALL | IOWA CITY | IA | 52242 | 844628214 | SUPPORT UNIVERSITY OF IOWA | IA | 0 | 501(C)(3) | LINE 12A, I | UNIVERSITY OF IOWA | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ENCOMPASS HEALTH REHABILITATION HOSPITAL OF IOWA CITY LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2450 CORAL CT | AddressLine1Txt |
| City | CORALVILLE | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52241 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 831261306 | EIN |
| Primary Activities | REHAB HOSPITAL | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF IOWA HEALTH SYSTEM | |||||||||
| 1349 JCP UI HOSPITALS CLINICS | IOWA CITY | IA | 52242 | 421431503 | MEDICAL SERVICES | IA | N/A | C | 0 |
| IOWA MEDICAL MUTUAL INS CO | |||||||||
| 312 COLLEGE OF MEDICINE ADMIN BLDG | IOWA CITY | IA | 52242 | 020709298 | MALPRACTICE INSURANCE | IA | N/A | C | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UNIVERSITY OF IOWA | ||
| C | $3,000,000 | FMV |
| UNIVERSITY OF IOWA | ||
| R | $739,927 | FMV |
| UNIVERSITY OF IOWA | ||
| K | $2,887 | FMV |
Comments