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State University of Iowa Foundation

Also known as Univ of Iowa Center for Advancement

Iowa City, IA · EIN 42-0796760 · 501(c)(3) · Organization operated for a governmental college or university
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

State University of Iowa Foundation reported $202.5 million in revenue and $211.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.50 went to program services, $7.28 to management and general costs and $13.22 to fundraising. Its largest source of revenue was contributions and grants: 88.2% of the total. The highest compensation it reported for one person was $687,818 (PRESIDENT). 88 people received more than $100,000 in reportable compensation. Revenue rose 13% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $212M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $202M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
79.5%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
7.3%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
13.2%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.16$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
88.2%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
7.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$687,818$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.33%1.28%
People paid over $100,000
Part VII, line 2
888
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
122.313.3
Independent voting board members
Part VI 1a–1b
30 of 30100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$55M expenses · 32.7% of program spending · grants $54M · revenue $4.7M

Grants providing resources to the University of Iowa for programs

$33M expenses · 19.6% of program spending · grants $32M · revenue $2.8M

Grants providing resources the University of Iowa for faculty support

$32M expenses · 19.1% of program spending · grants $31M · revenue $2.8M

Grants providing resources to the University of Iowa for student support

$48M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.0 hrs/week
$624,000$0$63,818$687,818
VP/ASSISTANT SECRETARY
Officer, 40.0 hrs/week
$375,036$0$72,038$447,074
CHIEF INVESTMENT OFFICER
Highest compensated employee, 40.0 hrs/week
$348,408$0$64,389$412,797
CFO/TREASURER (UNTIL 4/25/25)
Officer, 40.0 hrs/week
$329,943$0$45,412$375,355
VP ALUMNI AND DONOR ENGAGEMENT
Key employee, 40.0 hrs/week
$281,179$0$68,101$349,280
ASST VP - DATA ANALYTICS
Former, 40.0 hrs/week
$286,806$0$30,234$317,040
VP PRINCIPAL GIFTS
Highest compensated employee, 40.0 hrs/week
$252,326$0$57,190$309,516
VP, PRINCIPAL GIFTS
Highest compensated employee, 40.0 hrs/week
$232,903$0$65,193$298,096

88 people received more than $100,000 in reportable compensation from State University of Iowa Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400MFY2020FY2021FY2022FY2023FY2024FY2025$202M$212M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$202M$212M79.5%$2.16B$687,818
FY2024 ⓘ$168M$210M80.2%$2.03B$627,175
FY2023 ⓘ$167M$194M80.1%$1.89B$619,630
FY2022 ⓘ$291M$157M79.1%$1.86B$590,957
FY2021 ⓘ$133M$132M77.6%$1.74B$563,580
FY2020 ⓘ$179M$163M81.2%$1.42B$594,528

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b30 · 30 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 5373
  • Volunteers Part I, line 631

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
HURON CONSULTING GROUP INC
Software consultants
$1,231,370
T&K ROOFING COMPANY INC
Roofing company
$806,804
CX MARKETING LLC
Fundraising mailings
$694,943
FUND EVALUATION GROUP LLC
Financial consultant
$685,871
SALESFORCECOM INC
Software consultants
$626,065

Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.

Private foundation grants it received

63 private foundations reported grants to State University of Iowa Foundation totaling $5.7M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from State University of Iowa Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for State University of Iowa Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Iowa

Questions people ask

How much of State University of Iowa Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, State University of Iowa Foundation reported that 79.5% of its $211.6 million in expenses went to program services, 7.3% to management and general and 13.2% to fundraising (Form 990, Part IX).

How much does State University of Iowa Foundation pay its top executive?

The largest total compensation State University of Iowa Foundation reported for one person in the fiscal year ending June 30, 2025 was $687,818, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does State University of Iowa Foundation get its money?

Of $202.5 million in revenue in the fiscal year ending June 30, 2025, 88.2% came from contributions and grants and 7.0% from program service revenue (Form 990, Part VIII).

Is State University of Iowa Foundation a registered charity?

The IRS lists EIN 42-0796760 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202513169349302496 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202443199349315844 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400469349300935 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331229349301813 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202133169349308073 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100909349300115 · read the filing

All filings for EIN 42-0796760: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.