2019-03-29T18:15:14-05:00 2018-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2017-07-01 420796760 STATE UNIVERSITY OF IOWA FOUNDATION STAT 3193353305 PO BOX 4550 IOWA CITY IA 52244 SHERRI P FURMAN VP, CFO & TREASURER 3193353305 2019-03-19 1 CARLEY UMSTEAD P00982177 3192985333 108.171.132.188 2019-03-19 12:04:49 CD P 1B0B5342CFBA6ED3E492C07B071609BAFA210AE2 25A7D8E329C296F00AF4AD35D6AA2F32EC7A3D1D 2017 2019-02-21 02:37:17Z UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT LYNETTE L MARSHALL PO BOX 4550 IOWA CITY IA 52242 178769802 0 X WWW.FORIOWA.ORG X 1956 IA SEE SCHEDULE O FOR MISSION STATEMENT 32 32 253 34 -2238180 -2341601 154869675 132762336 16943683 13944476 9530792 9644602 295012 -922734 181639162 155428680 132186603 117100372 0 0 22126966 23374554 879048 883359 14607237 6031971 5876935 161224588 147235220 20414574 8193460 1455176704 1549929675 125986382 117994292 1329190322 1431935383 X SEE SCHEDULE O FOR MISSION STATEMENT 1 0 118362704 117099350 15259922 GRANTS PROVIDE RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT AND FACULTY SUPPORT, RESEARCH, CAPITAL PROJECTS, AND PROGRAM SUPPORT 693747 1022 104645 STRENGTHEN THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT EFFORTS WITH ALUMNI AND DONORS. 119056451 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 70 0 1 253 1 1 1 0 0 0 0 1 1 1 2 0 0 0 X 32 32 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK CA DC FL GA KY MA MD ME MI MN NH NJ NV NY OH OR PA SC TN UT WA WI WV X X SHERRI FURMAN 3193353305 ONE WEST PARK ROAD PO BOX 4550 IOWA CITY IA 522444550 DALE E BAKER DIRECTOR 1.00 X 0 0 0 P SUE BECKWITH DIRECTOR 1.00 X 0 0 0 THOMAS R BUROKER UNTIL 1017 DIRECTOR 1.00 X 0 0 0 JAMES W CARNEY DIRECTOR 1.00 X 0 0 0 ANDREW W CODE DIRECTOR 1.00 X 0 0 0 RALPH H CONGDON DIRECTOR 1.00 X 0 0 0 KATHLEEN A DORE CHAIR/DIRECTOR 1.00 X X 0 0 0 JANICE R ELLIG DIRECTOR 1.00 X 0 0 0 DAVID J FISHER DIRECTOR 1.00 X 0 0 0 CASSANDRA S FOENS DIRECTOR 1.00 X 0 0 0 NOLDEN GENTRY DIRECTOR 1.00 X 0 0 0 PERRY A GLASSGOW SINCE 1017 DIRECTOR 1.00 X 0 0 0 KEVIN R GRUNEICH DIRECTOR 1.00 X 0 0 0 LEONARD A HADLEY DIRECTOR 1.00 X 0 0 0 THOMAS R HANSON DIRECTOR 1.00 X 0 0 0 J BRUCE HARRELD DIRECTOR 1.00 X 0 0 0 CAROL HAVEMANN-LYNCH DIRECTOR 1.00 X 0 0 0 MIEKELEEN HART DIRECTOR 1.00 X 0 0 0 DONALD HEINEKING DIRECTOR 1.00 X 0 0 0 DAVID A HOAK DIRECTOR 1.00 X 0 0 0 CURTIS K LANE DIRECTOR 1.00 X 0 0 0 KATHERINE A PETERSEN LINDER DIRECTOR 1.00 X 0 0 0 CASEY D MAHON DIRECTOR 1.00 X 0 0 0 BARBARA A MCKENZIE DIRECTOR 1.00 X 0 0 0 JOHN PAPPAJOHN DIRECTOR 1.00 X 0 0 0 BRUCE E RINGDAHL SINCE 1017 DIRECTOR 1.00 X 0 0 0 GARY F SEAMANS DIRECTOR 1.00 X 0 0 0 MARY JOY STEAD DIRECTOR 1.00 X 0 0 0 CARL W STUART SINCE 1017 DIRECTOR 1.00 X 0 0 0 GREGS G THOMOPULOS DIRECTOR 1.00 X 0 0 0 NATHAN R TROSS DIRECTOR 1.00 X 0 0 0 THOMAS J VEALE DIRECTOR 1.00 X 0 0 0 NANCY B WILLIS UNTIL 1017 DIRECTOR 1.00 X 0 0 0 CATHERINE ZAHARIS VICE CHAIR/DIRECTOR 1.00 X X 0 0 0 LYNETTE L MARSHALL PRESIDENT 40.00 X 496340 0 44360 TIFFANI K SHAW VP/ASST SECRETARY 40.00 X 313596 0 43161 SHERRI P FURMAN CFO/TREASURER 40.00 X 204533 0 36145 DIANE K BROWNLEE SECRETARY 20.00 X 59456 0 6680 SHEILA BALDWIN VP HEALTH SCIENCES DEVELOPMENT 40.00 X 191268 0 46160 KENT CLARK VP MAIN CAMPUS DEVELOPMENT 40.00 X 189442 0 28663 ERIN THOMAS-LEWIS VP ALUMNI AND DONOR ENGAGEMENT 40.00 X 182040 0 45537 JACKIE LEWIS UNTIL 817 SENIOR VP DEVELOPMENT 40.00 X 193841 0 24700 JIM BETHEA VP/CHIEF INVESTMENT OFFICER 40.00 X 256218 0 41356 DAVE DIERKS VICE PRESIDENT 40.00 X 189951 0 4072 TOM K DEPRENGER VP PRINCIPAL GIFTS 40.00 X 207694 0 40453 KEVIN COLLINS ASSOCIATE VP ATHLETICS 40.00 X 174954 0 40468 DEREK PENDERGAST VP PRINCIPAL GIFTS 40.00 X 153072 0 38197 DAVID TRIPLETT UNTIL 517 VP DEV RESOURCES 40.00 X 145579 0 22241 2957984 0 462193 31 1 1 0 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE DEV/CONSULTANTS 602873 AMERGENT 9 CENTENNIAL DRIVE PEABODY MA 01960 MAIL SOLICITATION 502125 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 TELEPHONE SOLICITATION 484389 FUND EVALUATION GROUP LLC PO BOX 78000 DETROIT MI 48278 FINANCIAL CONSULTANTS 277928 AGENCY EA LLC 311 W WALTON STREET CHICAGO IL 60610 EVENT PLANNING 182784 8 132762336 9066636 132762336 FUNDRAISING REVENUE 900099 13944476 13944476 13944476 4884356 4884356 28101368 23341122 4760246 4760246 4760246 MANAGEMENT & SERVICE F 900099 1315446 1315446 TRAVEL PROGRAMS, IAM A 812900 104645 104645 INVESTMENT PARTNERSHIP 900099 -2342825 -2342825 -922734 155428680 15259922 -2238180 9644602 117100372 117100372 1957098 392952 750466 813680 16579350 1128234 6670054 8781062 1740931 133031 734656 873244 1968346 98417 747971 1121958 1128829 95241 473442 560146 67276 67276 66065 66065 883359 883359 234116 3650 211737 18729 515241 33344 481897 672067 774 664572 6721 1232375 1232375 537282 537282 507686 47136 460550 76238 76238 817071 817071 164611 164611 STAFF TRAINING & DEVELO 427846 418 294796 132632 PRINTING/PUBLICATIONS 278771 17566 50179 211026 POSTAGE/MAIL HANDLING 254824 5316 12741 236767 STAFF RECRUITMENT 25466 25466 147235220 119056451 13571532 14607237 20763030 66083055 147357849 156140666 256763 241959 2208 35682151 14344390 22638550 21337761 848275764 867981082 415899552 438119147 0 8993 1455176704 1549929675 2134777 2045110 1605000 825000 122246605 115124182 125986382 117994292 X 29599390 33651002 605023813 665980667 694567119 732303714 1329190322 1431935383 1455176704 1549929675 X 8193460 87691811 6859790 X 0 1 X 1 0 X 109169558 110648450 134251208 154869675 132762336 641701227 109169558 110648450 134251208 154869675 132762336 641701227 66456016 575245211 3517370 3923358 4388733 5016315 4884356 21730132 606751 606751 13291401 13711539 17175248 18264240 15259923 77702351 741740461 0.77550 0.75540 X 838320465 36649244 72533674 11940558 24190929 911371896 761545397 36351714 73138400 10755004 21960042 838320465 747226268 56125986 -11255189 9994219 20557449 761545397 724945770 29997289 19811108 10231084 17296815 747226268 648875735 23799786 76629175 8103080 16255846 724945770 1.00000 0 0 4548110 4548110 26075363 10315028 15760335 3012425 2005207 1007218 2046253 2024155 22098 21337761 MANAGED SEPARATE INVESTMENT ACCTS 355420866 F ASSETS IN LIVING TRUSTS 56930736 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 17075980 F CASH VALUE OF LIFE INSURANCE 6740633 F OTHER 864187 F FACILITIES CORPORATION 1086745 F 438119147 ANNUITY AND LIFE INCOME OBLIGATIONS 22618170 AMOUNT HELD ON BEHALF OF OTHERS 92506012 115124182 X 243337895 87691811 217404 87909215 155428680 0 155428680 147395444 160224 160224 147235220 0 147235220 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE INVESTMENT OBJECTIVE OF THE ENDOWMENT IS TO SEEK MAXIMUM TOTAL RETURN CONSISTENT WITH THE PRESERVATION OF PRINCIPAL, DIVERSIFICATION AND AVOIDANCE OF EXCESSIVE RISK. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT AS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UICA FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE UICA IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUISINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSTIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE UICA IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2015 NOR HAS THE UICA BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CUREENTLY IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF UNIVERSITY OF IOWA FACILITIES CORPORATION 217,404. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF UNIVERSITY OF IOWA FACILITIES CORPORATION 160,224. PART V HAS BEEN PRESTATED FOR THE PRIOR YEAR TO REFLECT SFAS 117 ENDOWMENT PRESENTATION TO BE CONSISTENT WITH NOTES TO THE AUDITED FINANCIAL STATEMENTS. EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 36552000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 35513000 NORTH AMERICA 0 0 INVESTMENTS 7857000 SOUTH AMERICA 0 0 PROGRAM SERVICES VOLUNTEER STUDENT SERVICE PROJECTS 2327 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES VOLUNTEER STUDENT SERVICE PROJECTS 2132 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES VOLUNTEER STUDENT SERVICE PROJECTS 2939 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 FUNDRAISING 7119 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 1959 0 0 0 0 0 0 79938476 0 79938476 1 0 0 1 1 0 PART I LINE 3 ACCOUNTING METHOD IS FAIR MARKET VALUE PART I THE ORGANIZATION RECEIVED CONTRIBUTIONS FROM DONORS OUTSIDE THE UNITED STATES DURING THE TAX YEAR. X X X X X 1 AMERGENT INC 9 CENTENNIAL DR PEABODY MA 01960 MAIL SOLICITATION 0 794882 519435 275447 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 TELEPHONE SOLICITATION 0 384686 363924 20762 1179568 883359 296209 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV SCHEDULE G, PART I, LINE 2B, COLUMN (V) LIST OF TEN HIGHEST PAID FUNDRAISERS: (I) NAME FUNDRAISER: AMERGENT INC. (I) ADDRESS OF FUNDRAISER: 9 CENTENNIAL DRIVE, PEABODY, MA 01960 (I) NAME OF FUNDRAISER: RUFFALO NOEL LEVITZ (I) ADDRESS OF FUNDRAISER: PO BOX 718 DES MOINES, IA 50303 1 STATE UNIVERSITY OF IOWA 4 JESSUP HALL IOWA CITY IA 522421316 426004813 SECTION 115 117100372 STUDENT FINANCIAL AID, RESEARCH & ACADEMIC PROGRAMS 1 0 PART I, LINE 2: GRANTS (OR TRANSFERS TO THE UNIVERSITY OF IOWA) FROM THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT ARE SUBJECT TO UNIVERSITY OF IOWA AND UICA POLICIES AND PROCEDURES. BY SUBMISSION OF AN APPROVED REQUEST FOR TRANSFER OR EXPENDITURE, THE UNIVERSITY OF IOWA DEPARTMENT ACKNOWLEDGES THAT THE EXPENSE COMPLIES WITH DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. ALL TRANSFER REQUESTS MUST INCLUDE A WRITTEN DESCRIPTION OF THE NATURE, DATE, PURPOSE AND THE AMOUNT OF THE REIMBURSABLE EXPENSE AND SIGNATURE OF AN AUTHORIZED UNIVERSITY OF IOWA ACCOUNT REPRESENTATIVE. ULTIMATE EXPENDITURE FOR THE SPECIFIED PURPOSE MUST BE MADE THROUGH UNIVERSITY OF IOWA IN ACCORDANCE WITH ITS PURCHASING POLICIES. SUPPORTING DOCUMENTATION MUST BE ATTACHED OR BE AVAILABLE IF REQUESTED BY THE UICA. X X X X X 0 0 0 0 0 0 0 0 0 LYNETTE L MARSHALL PRESIDENT 411673 0 83000 0 1667 0 27459 0 16901 0 540700 0 0 0 TIFFANI K SHAW VP/ASST SECRETARY 289814 0 23200 0 582 0 26901 0 16260 0 356757 0 0 0 SHERRI P FURMAN CFO/TREASURER 186792 0 15200 0 2541 0 19756 0 16389 0 240678 0 0 0 SHEILA BALDWIN VP HEALTH SCIENCES DEVELOPMENT 176183 0 14700 0 385 0 19401 0 26759 0 237428 0 0 0 KENT CLARK VP MAIN CAMPUS DEVELOPMENT 181958 0 6600 0 884 0 18799 0 9864 0 218105 0 0 0 ERIN THOMAS-LEWIS VP ALUMNI AND DONOR ENGAGEMENT 167868 0 13600 0 572 0 18573 0 26964 0 227577 0 0 0 JACKIE LEWIS UNTIL 817 SENIOR VP DEVELOPMENT 178068 0 15200 0 573 0 17898 0 6802 0 218541 0 0 0 JIM BETHEA VP/CHIEF INVESTMENT OFFICER 229958 0 25875 0 385 0 24526 0 16830 0 297574 0 0 0 DAVE DIERKS VICE PRESIDENT 177424 0 12000 0 527 0 1880 0 2192 0 194023 0 0 0 TOM K DEPRENGER VP PRINCIPAL GIFTS 184281 0 20900 0 2513 0 19458 0 20995 0 248147 0 0 0 KEVIN COLLINS ASSOCIATE VP ATHLETICS 156107 0 18013 0 834 0 16770 0 23698 0 215422 0 0 0 DEREK PENDERGAST VP PRINCIPAL GIFTS 140546 0 12000 0 526 0 15228 0 22969 0 191269 0 0 0 DAVID TRIPLETT UNTIL 517 VP DEV RESOURCES 126520 0 17300 0 1759 0 9301 0 12940 0 167820 0 0 0 X 192 6534394 AVG OF HIGH & LOW X 7 672242 ACTUARIAL CALCULATION X 2 1860000 APPRAISED VALUE 1 0 1 1 PART I, COLUMN (B): PART I LINE 9, 11 NUMBER OF CONTRIBUTIONS RECEIVED PART I LINE 16 NUMBER OF PROPERTIES SOLD FORM 990, PART I, LINE 1 THE STATE UNIVERSITY OF IOWA FOUNDATION WAS ESTABLISHED TO RAISE PRIVATE GIFT SUPPORT ON BEHALF OF THE UNIVERSITY OF IOWA AND TO SERVE AS THE UNIVERSITY'S PRIMARY FUNDRAISING ORGANIZATION. ON DECEMBER 31, 2017, THE UNIVERSITY OF IOWA ALUMNI ASSOCIATION MERGED INTO THE STATE UNIVERSITY OF IOWA FOUNDATION AND BEGAN DOING BUSINESS AS THE UNVERSITY OF IOWA CENTER FOR ADVANCEMENT. OUR REVISED MISSION STATEMENT IS: THROUGH ENGAGEMENT AND PHILANTHROPY, PROMOTE THE UNIVERSITY OF IOWA'S COMMITMENT TO EXCELLENCE. FORM 990, PART III, LINE 1, BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION THE STATE UNIVERSITY OF IOWA FOUNDATION WAS ESTABLISHED TO RAISE PRIVATE GIFT SUPPORT ON BEHALF OF THE UNIVERSITY OF IOWA AND TO SERVE AS THE UNIVERSITY'S PRIMARY FUNDRAISING ORGANIZATION. ON DECEMBER 31, 2017, THE STATE UNIVERSITY OF IOWA FOUNDATION MERGED WITH THE UNIVERSITY OF IOWA ALUMNI ASSOCIATION TO FORM THE UNVERSITY OF IOWA CENTER FOR ADVANCEMENT. OUR REVISED MISSION STATEMENT IS: THROUGH ENGAGEMENT AND PHILANTHROPY, PROMOTE THE UNIVERSITY OF IOWA'S COMMITMENT TO EXCELLENCE. FORM 990, PART III, LINE 2 NEW PROGRAM SERVICES STARTED ON JANUARY 1, 2018 DUE TO MERGER WITH UNIVERSITY OF IOWA ALUMNI ASSOCIATION ARE ALUMNI AND DONOR ENGAGEMENT THROUGH COMMUNICATIONS, PROGRAMS, AND EVENTS. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA) THROUGH ITS BYLAWS, DELEGATES AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AND EXERCISES ALL OF THE POWERS OF THE BOARD BETWEEN MEETINGS OF THE BOARD TO THE EXTENT PERMITTED BY LAW. REPORTS OF THE ACTION OF THE EXECUTIVE COMMITTEE ARE SUBMITTED TO THE BOARD AT ITS NEXT MEETING FOLLOWING THE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND NOT FEWER THAN THREE OR MORE THAN NINE MEMBERS OF THE BOARD APPOINTED BY THE BOARD AT IT ANNUAL MEETING. THE PRESIDENT OF THE STATE UNIVERSITY OF IOWA IS AN EX OFFICIO MEMBER WITH VOTING POWER. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 4 ON DECEMBER 31, 2017, THE UNIVERSITY OF IOWA ALUMNI ASSOCIATION MERGED INTO THE STATE UNIVERSITY OF IOWA FOUNDATION AND BEGAN DOING BUSINESS AS THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT. THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BY-LAWS WERE CHANGED TO REFLECT THIS MERGER. THE REVISED BY-LAWS ELIMINATED THE NOMINATING COMMITEE AND MODIFIED THE DEVELOPMENT COMMITTEE TO BECOME THE DEVELOPMENT AND ALUMNI ENGAGEMENT COMMITTEE. IN ADDITION, AN ALUMNI LEADERSHIP COUNCIL WAS ESTABLISHED TO SERVE AS AN ADVISORY COUNCIL TO THE DEVELOPMENT AND ALUMNI ENGAGEMENT COMMITTEE. AN AMENDMENT TO THE BY-LAWS WAS ADOPTED ON APRIL 27, 2018. THE AMENDMENT PROVIDES THAT THERE ARE NO TERM LIMITS FOR DIRECTORS ELECTED ON THE BOARD PRIOR TO DECEMBER 31, 2017; ALLOWING THESE DIRECTORS ELIGIBILITY FOR SUCCESSIVE TERMS. BEGINNING JANUARY 1, 2018, NEWLY ELECTED BOARD DIRECTORS ARE ELIGIBLE TO SERVE UP TO A MAXIMUM OF FOUR TERMS WHICH MAY BE SERVED EITHER CONSECUTIVELY OR NONCONSECUTIVELY. IF A DIRECTOR SUBJECT TO TERM LIMITS IS SERVING AS CHAIR IN HIS/HER LAST ELIGIBLE TERM, THE TERM LIMIT MAXIMUM SHALL BE WAIVED TO ALLOW SUCH DIRECTOR TO SERVE A FIFTH TERM IN ORDER TO FULFILL HIS/HER ROLE AND RESPONSIBILITIES AS IMMEDIATE PAST CHAIR. IN ADDITION, THE AMENDMENT CHANGES THE ELIGIBILITY FOR BOARD DIRECTORS TO BE ELECTED AS LIFETIME HONORARY DIRECTORS TO THE CRITERIA OUTLINED IN THE BOARD OF DIRECTORS ORGANIZATION GUIDELINES.. FORM 990, PART VI, SECTION B, LINE 11B A SUBCOMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A DETAILED REVIEW OF THE FORM 990. FOLLOWING THE DETAILED REVIEW, THE FINAL FORM 990 IS POSTED ON THE BOARD WEBSITE AND ALL BOARD MEMBERS ARE NOTIFIED TO ACCESS THE WEBSITE AND REVIEW THE FORM PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, BOARD COMMITTEE MEMBERS, AND OFFICERS (RESPONSIBLE PERSONS) OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA) HAVE A DUTY TO CONDUCT ACTIVITIES OF THE UICA WITH THE HIGHEST ETHICAL STANDARDS AND TO MAKE DECISIONS CONCERNING THE UICA SOLELY TO ADVANCE ITS MISSION AND INTERESTS. THIS CONFLICT OF INTEREST POLICY IS TO ASSIST THE UICA AND RESPONSIBLE PERSONS IN IDENTIFYING SITUATIONS THAT PRESENT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND TO SPECIFY PROCEDURES FOR MANAGING THEM. REPORTING PROCEDURES: EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AND SUBMIT A STATEMENT SETTING FORTH ANY AND ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT ARE ANTICIPATED TO OCCUR IN THE COMING FISCAL YEAR. THE ANNUAL STATEMENT WILL BE INITIALLY REVIEWED BY THE CHAIR OF THE BOARD. IN ADDITION TO THE ANNUAL DISCLOSURE STATEMENT, UPON BECOMING AWARE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST NOT PREVIOUSLY DISCLOSED, A RESPONSIBLE PERSON MUST PROMPTLY REPORT IN WRITING TO THE CHAIR OF THE BOARD. THE CHAIR'S ANNUAL STATEMENT AND SUPPLEMENTAL REPORTS, IF ANY, SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE. DETERMINATION OF THE CONFLICT: THE EXECUTIVE COMMITTEE, WITHOUT THE AFFECTED RESPONSIBLE PERSON PRESENT, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE MATERIAL FACTS OF THE RESPONSIBLE PERSON;S CONFLICTS OF INTEREST WILL BE DISCLOSED TO THE BOARD OF DIRECTORS. ACTION AND RECUSAL: THE BOARD SHALL DETERMINE WHETHER IT IS IN THE BEST INTEREST OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT IN PERFORMING ITS MISSION. THE AUTHORIZATION, APPROVAL, AND/OR RATIFICATION MUST BE ACCOMPLISHED BY AN AFFIRMATIVE VOTE, AS APPLICABLE, OF A MAJORITY OF THE DIRECTORS ON THE BOARD WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE ARRANGEMENT/TRANSACTION. IT MAY NOT BE MADE BY A SINGLE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL SERVE AS A COMPENSATION COMMITTEE IN FULFILLING THE BOARD'S OVERSIGHT RESPONSIBILITIES FOR DETERMINING THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION AND BENEFITS PAID TO THE PRESIDENT AND CEO, THE EXECUTIVE VICE PRESIDENT, COO, CFO AND TREASURER, OTHER BOARD ELECTED OFFICIALS, AND KEY EMPLOYEES (COLLECTIVELY REFERRED TO AS DISQUALIFIED PERSONS). THE EXECUTIVE COMMITTEE SHALL PERFORM THE FOLLOWING RESPONSIBILITIES: (1) ESTABLISH PERFORMANCE CRITERIA, SET TERMS OF EMPLOYMENT, AND ESTABLISH TOTAL COMPENSATION ARRANGEMENT FOR THE PRESIDENT AND CEO. (2) IDENTIFY, WITH THE ASSISTANCE OF THE PRESIDENT, OTHER DISQUALIFIED PERSONS. (3) REVIEW AND APPROVE RECOMMENDATIONS OF THE PRESIDENT OF THE TERMS OF EMPLOYMENT AND TOTAL COMPENSATION OF ALL DISQUALIFIED PERSONS. THE EXECUTIVE COMMITTEE SHALL REGULARLY OBTAIN, REVIEW AND CONSIDER RELEVANT COMPARATIVE DATA OF COMPENSATION AND BENEFIT LEVELS PAID/PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS. THE STATE UNIVERSITY OF IOWA FOUNDATION ANNUALLY PERFORMS A COMPENSATION REVIEW FOR ALL OFFICERS, KEY EMPLOYEES, AND FIVE HIGHEST PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST; INSTRUCTIONS FOR DOING SO ARE INCLUDED ON THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT WEBSITE (WWW.FORIOWA.ORG). FORM 990, PART VI, SECTION B, LINE 10A RECOGNIZED IOWA CLUBS SERVE AS AN EXTENDING ARM FROM THE UNIVERSITY TO ITS ALUMNI AND FRIENDS IN DEFINED CLUB AREAS. IOWA CLUBS STREGTHEN THE UNIVERSITY OF IOWA AND PROVIDE A NETWORK FOR ALUMNI THROUGH THE PLANNING AND IMPLEMENTATION OF A VARIETY OF SOCIAL, EDUCATIONAL, AND CULTURAL PROGRAMS. THE RECOGNIZED IOWA CLUB PROGRAM CATEGORIZES THREE ORGANIZATIONAL LEVELS OF CLUBS BASED UPON TYPES OF ACTIVITIES AND AMOUNT OF REVENUE GENERATED. RECOGNIZED IOWA CLUBS ANNUALLY COMPLETE SPECIFIC COMPLIANCE STANDARDS TO MAINTAIN THEIR RECOGNITION STATUS AND TO ACCESS CORRESPONDING CLUB RESOURCES PROVIDED BY THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA). EACH YEAR IOWA CLUBS COMPLETE A "REPORT AND CERTIFICATION" DOCUMENT TO INFORM THE UICA ABOUT ITS QUALIFYING ACTIVITIES AND COMPLIANCE. GENERAL GUIDELINES FOR TAX COMPLIANCE REPORTING ARE ALSO INCLUDED IN THIS HANDBOOK TO ADVISE CLUB VOLUNTEERS ABOUT REPORTING REQUIREMENTS. FORM 990, PART XI, LINE 9: CHANGES IN NET ASSETS OF UNIVERSITY OF IOWA FACILITIES CORPORATION 57,180. CONTRIBUTION OF THE UNIVERSITY OF IOWA ALUMNI ASSOCIATION 6,802,610. UNIVERSITY OF IOWA FACILITIES CORPORATION ONE WEST PARK ROAD IOWA CITY IA 52242 420931777 PROPERTY ACQUISITION IA 501(C)(3) LINE 12A, I UNIVERSITY OF IOWA FOUNDATION 1 STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION ONE WEST PARK ROAD IOWA CITY IA 52242 421129040 SUPPORT ORGANIZATION IA 501(C)(3) LINE 12A, I STATE UNIVERSITY OF IOWA FOUNDATION 1 JACK R VOLLERTSEN ANNUITY TRUST US BANK NA PO BOX 2043 MILWAUKEE WI 53201 421284566 SUPPORT ORGANIZATION IA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION S 417000 BOARD APPROVAL STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION Q 136302 INVESTMENT MGMT FEE