STATE UNIVERSITY OF IOWA FOUNDATION

EIN: 420796760 501(c)(3) Education

IOWA CITY, IA

Total Revenue
$167,554,150
Total Expenses
$210,154,022
Total Assets
$2,160,832,505
Net Assets
$2,027,376,730
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
IA
Phone
3193353305
Tax Period
2023-07-01 to 2024-06-30

STATE UNIVERSITY OF IOWA FOUNDATION, founded in 1957, is a major nonprofit in the Education sector that reported $167.6M in total revenue in fiscal year 2023. Expenses of $210.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT'S MISSION IS TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY. WE SERVE OUR ALUMNI AND FRIENDS IN THE STATE AND THE REGION, THROUGHOUT THE COUNTRY, AND AROUND THE WORLD. WE ARE COMMITTED TO ENGAGING EVERYONE WHO LOVES THE UNIVERSITY OF IOWA - ALUMNI, FANS, PATIENTS, ART LOVERS, STUDENTS, PARENTS AND FRIENDS - THROUGH PROGRAMMING, EVENTS AND OPPORTUNITIES TO GIVE BACK TO THE UNIVERSITY OF IOWA. THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT, AN OPERATIONAL NAME FOR THE STATE UNIVERSITY OF IOWA FOUNDATION, IS AN INDEPENDENT ORGANIZATION AND THE PREFERRED CHANNEL FOR PRIVATE CONTRIBUTIONS THAT BENEFIT ALL AREAS OF THE UNIVERSITY OF IOWA.

Program Service Accomplishments

Program 1
Expenses: $53,389,489 Revenue: $4,338,806

GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR PROGRAMS.

Program 2
Expenses: $31,970,625 Revenue: $2,598,159

GRANTS PROVIDING RESOURCES THE UNIVERSITY OF IOWA FOR FACULTY SUPPORT.

Program 3
Expenses: $31,462,965 Revenue: $2,556,903

GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT SUPPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $150,761,152
Program Service Revenue $13,260,976
Investment Income $3,874,906
Other Revenue $-342,884
TOTAL REVENUE $167,554,150

Expense Breakdown

Grants Paid $163,602,708
Salaries & Benefits $35,546,591
Fundraising Expenses $26,212,693
Program Expenses $168,647,024
Other Expenses $10,494,071
TOTAL EXPENSES $210,154,022

Year-over-Year Comparison

2023 2022 Change
Revenue $167,554,150 $166,983,554 +0.0%
Expenses $210,154,022 $193,954,817 +0.1%
Net Income $-42,599,872 $-26,971,263 +0.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
31
Employees
371
Volunteers
31

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,636,754
Total Directors
31
$0
Key Employees
2
$668,638
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR/DIRECTOR 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIR/DIRECTOR 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A SECRETARY 40.0
Officer
$236,557 $23,394 $259,951
N/A PRESIDENT 40.0
Officer
$569,510 $57,665 $627,175
N/A VP/ASSISTANT SECRETARY 40.0
Officer
$337,392 $68,891 $406,283
N/A CFO/TREASURER 40.0
Officer
$302,753 $40,592 $343,345
N/A VP ALUMNI AND DONOR ENGAGEMENT 40.0
Key Emp
$262,240 $66,078 $328,318
N/A VP MAIN CAMPUS DEVELOPMENT 40.0
Key Emp
$295,112 $45,208 $340,320
N/A VP, PRINCIPAL GIFTS 40.0
Highest
$224,878 $57,153 $282,031
N/A CHIEF INVESTMENT OFFICER 40.0
Highest
$325,546 $61,774 $387,320
N/A DEVELOPMENT OFFICER 40.0
Highest
$214,443 $57,322 $271,765
N/A VP, CHIEF IT OFFICER 40.0
Highest
$224,008 $51,946 $275,954
N/A VP PRINCIPAL GIFTS 40.0
Highest
$247,700 $57,052 $304,752
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $167,554,150 $210,154,022 $2,160,832,505 $-42,599,872
2023 $166,983,554 $193,954,817 $2,014,095,354 $-26,971,263
2022 $291,450,810 $156,781,998 $1,985,793,124 $134,668,812
2021 $132,809,685 $131,529,480 $1,864,654,286 $1,280,205
2020 $179,293,850 $163,225,916 $1,522,325,755 $16,067,934
2019 $167,778,609 $165,286,838 $1,587,579,883 $2,491,771
2018 $155,428,680 $147,235,220 $1,549,929,675 $8,193,460
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