2024-11-12T14:06:00+00:00 2024-06-30 440160260 Forvis Mazars LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2023-07-01 420931777 University of Iowa Facilities Corporation UNIV 3193353305 PO BOX 4550 IOWA CITY IA 522444550 SHERRI P FURMAN SR. VP-FINANCE & OPS 2024-11-12 true April Arnold P01559426 8162216300 2024-11-12 2023 2024-10-15 13:58:12Z LYNETTE MARSHALL PO BOX 4550 IOWA CITY IA 522444550 194064 false X N/A X 1967 IA THE UNIVERSITY OF IOWA FACILITIES CORPORATION ACQUIRES AND HOLDS PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA. 9 9 0 9 0 0 0 0 0 0 1124 1984 69615 42697 70739 44681 0 0 0 0 0 0 0 0 0 26947 26137 26947 26137 43792 18544 1184108 1202959 1932 2239 1182176 1200720 THE UNIVERSITY OF IOWA FACILITIES CORPORATION ACQUIRES AND HOLDS PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA. false false 0 0 0 ACQUIRE AND HOLD PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA. 0 true false false false false false false false false true false false false false true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true true false false false true 3 0 true 0 false false false false false false false false false false false false X 9 9 true false false false false true false true true false false true true true true true true false false false X SHERRI P FURMAN 3193353305 PO BOX 4550 IOWA CITY IA 522444550 ANDREW W CODE CHAIR/DIRECTOR 1.0 1.0 X X 0 0 0 JANICE ELLIG VICE CHAIR/DIRECTOR 1.0 1.0 X X 0 0 0 BARBARA A MCKENZIE DIRECTOR 1.0 1.0 X 0 0 0 BARBARA WILSON DIRECTOR 1.0 1.0 X 0 0 0 CAROL HAVEMANN-LYNCH DIRECTOR 1.0 1.0 X 0 0 0 CASSANDRA S FOENS MD DIRECTOR 1.0 1.0 X 0 0 0 CHRIS DEWOLF DIRECTOR 1.0 1.0 X 0 0 0 P SUE BECKWITH MD DIRECTOR 1.0 1.0 X 0 0 0 THOMAS J VEALE DIRECTOR 1.0 1.0 X 0 0 0 DIANE K BROWNLEE SECRETARY 1.0 40.0 X 0 236557 23394 LYNETTE L MARSHALL PRESIDENT 1.0 40.0 X 0 569510 57665 SHEILA BALDWIN VICE PRES/ASSIST SECRETARY 1.0 40.0 X 0 337392 68891 SHERRI P FURMAN TREASURER 1.0 40.0 X 0 302753 40592 0 1446212 190542 0 false true false 0 0 0 0 0 0 0 1984 1984 192080 149383 42697 0 42697 42697 0 0 0 0 0 0 0 44681 0 0 44681 15117 15117 7555 7555 3465 3465 0 0 0 0 0 0 0 0 26137 0 26137 0 402691 427251 155 0 0 0 0 0 1664163 888455 781262 775708 0 0 0 0 1184108 1202959 1932 2239 0 0 0 0 1932 2239 X 1182176 1200720 1182176 1200720 1184108 1202959 18544 0 X false true X true false X X X 1 UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT 420796760 5 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 55000 55000 787620 66912 720708 821543 821543 0 775708 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY OF IOWA FACILITIES CORPORATION IS INCLUDED IN THE CONSOLIDATED AUDIT REPORT FOR THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA). THE FOLLOWING WORDING IS INCLUDED IN THE CONSOLIDATED AUDIT REPORT. THE UICA IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE UICA IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE UICA FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE UICA FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. IN ACCORDANCE WITH THAT GUIDANCE, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS 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, 2021. THE UICA HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROCESS. false false false false false false false false false SHEILA BALDWIN VICE PRES/ASSIST SECRETARY 0 268394 0 68250 0 748 0 29488 0 39403 0 406283 0 0 SHERRI P FURMAN TREASURER 0 253350 0 43073 0 6330 0 26550 0 14042 0 343345 0 0 DIANE K BROWNLEE SECRETARY 0 183309 0 30000 0 23248 0 21515 0 1879 0 259951 0 0 LYNETTE L MARSHALL PRESIDENT 0 450008 0 93712 0 25790 0 33000 0 24665 0 627175 0 0 Schedule J, Part II OFFICERS ARE COMPENSATED BY THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA), A RELATED 501(C)(3) ORGANIZATION. UICA USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION STUDY AND APPROVAL BY THE BOARD TO SET COMPENSATION. A UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364TS3 2014-05-22 8255393 SEE PART VI false true false B UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364UJ1 2015-04-16 18945180 SEE PART VI false true false C UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364WG5 2019-10-17 32163271 SEE PART VI false true false D UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364WX8 2020-06-25 34318524 SEE PART VI false true false A 7160000 8263624 847165 3225 116256 8144144 2006 false true true true B 9340000 19001021 1637382 5600 301396 18694025 2007 false true true true C 2530000 32346846 44391 286618 32015838 2022 false false true true D 2000000 34318524 3973 337343 33977208 2014 true false true true A false false false false 0.0 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true D false true false true true 0.0019 0.0019 false false true A false false false true false false false false true B false false false true false false false false true C false false true true false false false false true D false false true true false false false false true A true B true C true D true Schedule K, Part II, Line 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN SCHEDULE K, PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4-12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. Schedule K, Part IV, Line 2c Note regarding the rebate computation 6/30/21, 8/1/20, 7/1/21 & 4/26/24: Since the bond proceeds have been spent, a spending exception was met, and the debt service fund was operated on a bona fide basis, no further rebate calculations are necessary. Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE 05/22/2014 BOND: REFUND PRIOR BONDS (10/11/05) 04/16/2015 BOND: REFUND PRIOR BONDS (09/06/06) 10/17/2019 BOND: CONSTRUCT & EQUIP FACILITY 06/25/2020 BOND: REFUND BONDS (06/29/10, 03/04/10, 08/31/11) 05/31/2021 BOND: REFUND PRIOR BONDS (03/08/12, 05/24/12, 08/29/12) 10/26/2023 BOND: CONSTRUCT & EQUIP FACILITY 05/23/2024 BOND: CONSTRUCT & EQUIP FACILITY Schedule K, Part IV, Line 2c REBATE COMPUTATION 05/22/2014 BOND: REBATE CALCULATION PERFORMED ON 06/30/2023 04/16/2015 BOND: REBATE CALCULATION PERFORMED ON 06/30/2024 10/17/2019 BOND: REBATE CALCULATION PERFORMED ON 06/30/2021 06/25/2020 BOND: REBATE CALCULATION PERFORMED ON 08/01/2020 05/31/2021 BOND: REBATE CALCULATION PERFORMED ON 07/01/2021 10/26/2023 BOND: REBATE CALCULATION PERFORMED ON 04/26/2024 A UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364XQ2 2021-05-31 36424781 SEE PART VI false true false B University of Iowa Facilities Corp 420931777 914364YQ1 2023-10-26 30253401 SEE PART VI false true false C University of Iowa Facilities Corp 420931777 914364ZL1 2024-05-23 20805366 SEE PART VI false true false A 7350000 36424782 236346 36188436 2014 true false true true B 30526041 250773 30275269 false false false true C 20831755 270091 7589848 12971816 false false false true A false true false true true 0.0097 0.0097 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true A false false true true false false false false true B false false true true false false false false true C false true false false false false false false true A true B true C true Form 990, Part VI, Line 1a Delegate broad authority to a committee THE UNIVERSITY OF IOWA FACILITIES CORPORATION'S BOARD OF DIRECTORS 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. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND AT LEAST TWO OTHER MEMBERS OF THE BOARD. IN ADDITION, THE PRESIDENT OF THE 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, Line 7a Members or stockholders electing members of governing body AS PROVIDED IN THE BYLAWS, THE BOARD OF DIRECTORS OF THE ORGANIZATION IS TO BE ELECTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE ACCOUNTING STAFF AT THE STATE UNIVERSITY OF IOWA FOUNDATION CONDUCTS A DETAILED REVIEW OF THE FORM 990. FOLLOWING THE DETAILED REVIEW, THE PREPARED FORM 990 IS MAILED TO ALL BOARD MEMBERS TO REVIEW PRIOR TO THE FILING DATE. Form 990, Part VI, Line 12c Conflict of interest policy THE UNIVERSITY OF IOWA FACILITIES CORPORATION'S (UIFC) BOARD OF DIRECTORS, BOARD COMMITTEE MEMBERS AND OFFICERS (RESPONSIBLE PERSONS) HAVE A DUTY TO CONDUCT ACTIVITIES OF THE UIFC WITH THE HIGHEST ETHICAL STANDARDS AND TO MAKE DECISIONS CONCERNING THE UIFC SOLELY TO ADVANCE ITS MISSION AND INTERESTS. THE CONFLICT OF INTEREST POLICY IS TO ASSIST THE UIFC AND RESPONSIBLE PERSONS IN IDENTIFYING SITUATIONS THAT PRESENT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND TO SPECIFY PROCEDURES FOR MANAGING THEM. (1) REPORTING PROCEDURES: EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AND SUBMIT TO THE UIFC 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 SHALL DISCLOSE, AS FULLY AS POSSIBLE, THE CIRCUMSTANCES OF EACH ACTUAL OR POTENTIAL CONFLICT. THE ANNUAL STATEMENT WILL BE INITIALLY REVIEWED BY THE TREASURER AND, IF DETERMINED NECESSARY AFTER THE TREASURER'S REVIEW, 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 PREVIOUSLY UNDISCLOSED CIRCUMSTANCES. THE CHAIR'S ANNUAL STATEMENT AND SUPPLEMENTAL REPORTS, IF ANY, SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE. (2) DETERMINATION OF CONFLICT: THE EXECUTIVE COMMITTEE, WITHOUT THE AFFECTED RESPONSIBLE PERSON PRESENT, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. (3) ACTION AND RECUSAL: THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER TO AUTHORIZE, APPROVE OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLELY ON WHETHER IT IS IN THE BEST INTERESTS OF UIFC IN PERFORMING ITS MISSION. THE AUTHORIZATION, APPROVAL OR RATIFICATION MAY NOT BE MADE BY A SINGLE DIRECTOR. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, LINE 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS ALL OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP. UNIV OF IOWA CENTER FOR ADVANCEMENT PO BOX 4550 IOWA CITY IA 522444550 420796760 FUNDRAISING IA 501(c)(3) 5 NA false STANLEY UNIVERSITY OF IOWA SUPPORT ORG PO BOX 4550 IOWA CITY IA 522444550 421129040 SUPPORT ORG IA 501(c)(3) Type I UICA true false false false false false false false false false false false false false false true true false false false