Nonprofit · EIN 42-0796760
STATE UNIVERSITY OF IOWA FOUNDATION
Also known as UNIVERSITY OF IOWA FOUNDATION
Tax-exempt · IOWA CITY, IA 52244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $202,489,213 | $211,635,173 | -$9,145,960 | $2,294,681,117 | $137,116,683 | $2,157,564,434 |
| June 30, 2024 | 990 | $167,554,150 | $210,154,022 | -$42,599,872 | $2,160,832,505 | $133,455,775 | $2,027,376,730 |
| June 30, 2023 | 990 | $166,983,554 | $193,954,817 | -$26,971,263 | $2,014,095,354 | $125,636,126 | $1,888,459,228 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $178,682,936
- Program service revenue
- $14,097,677
- Investment income
- $5,920,878
- Royalties
- $133,535
- Net gain from sales of assets
- -$1,856,873
- Other revenue
- $3,787,722
Expenses
- Grants and similar amounts paid
- $162,708,366
- Compensation of officers, directors and key employees
- $2,618,615
- Other salaries and wages
- $27,168,979
- Salaries, compensation and benefits (total)
- $38,871,456
- Professional fundraising fees
- $506,006
- Legal fees
- $50,134
- Accounting fees
- $111,516
- Occupancy
- $855,713
- Travel
- $787,243
- Depreciation
- $693,342
- Program services (functional)
- $168,240,949
- Management and general (functional)
- $15,410,478
- Fundraising (functional)
- $27,983,746
Balance sheet and other
- Total assets, start of year
- $2,160,832,505
- Total assets, end of year
- $2,294,681,117
- Total liabilities, end of year
- $137,116,683
- Net assets, end of year
- $2,157,564,434
- Land, buildings and equipment
- $20,836,895
- Publicly traded securities
- $1,078,733,889
- Net assets without donor restrictions
- $53,739,522
- Net assets with donor restrictions
- $2,103,824,912
- Gross unrelated business income
- $3,478,318
- Gross receipts
- $434,950,038
- Employees
- 373
- Volunteers
- 31
- Year formed
- 1957
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNETTE L MARSHALL | PRESIDENT Officer | 40 | $624,000 | $63,818 |
| SHEILA BALDWIN | VP/ASSISTANT SECRETARY Officer | 40 | $375,036 | $72,038 |
| JIM BETHEA | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $348,408 | $64,389 |
| SHERRI P FURMAN | CFO/TREASURER (UNTIL 4/25/25) Officer | 40 | $329,943 | $45,412 |
| COLIN HENNESSY | VP ALUMNI AND DONOR ENGAGEMENT Key employee | 40 | $281,179 | $68,101 |
| ROBERT K CLARK | ASST VP - DATA ANALYTICS Former | 40 | $286,806 | $30,234 |
| TOM K DEPRENGER | VP PRINCIPAL GIFTS Highest-paid employee | 40 | $252,326 | $57,190 |
| DEREK PENDERGAST | VP, PRINCIPAL GIFTS Highest-paid employee | 40 | $232,903 | $65,193 |
| LINDA A HARTFORD | VP, CHIEF IT OFFICER Highest-paid employee | 40 | $241,978 | $53,907 |
| KEVIN COLLINS | ASSOC VP DEVELOPMENT Highest-paid employee | 40 | $219,162 | $65,029 |
| LAURA SEAMANS | VP - TALENT MANAGEMENT Key employee | 40 | $215,344 | $60,606 |
| DIANE K BROWNLEE | SECRETARY Officer | 40 | $242,953 | $24,164 |
| TARA STERBA | TREASURER (EFFECTIVE 4/25/25) Officer | 40 | $166,373 | $31,589 |
| ANDREW W CODE | CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| CATHERINE ZAHARIS | VICE CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA A MCKENZIE | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA WILSON | DIRECTOR (EX OFFICIO) Trustee or director | 1 | $0 |
| BRUCE E RINGDAHL | DIRECTOR Trustee or director | 1 | $0 |
| CARL W STUART | DIRECTOR Trustee or director | 1 | $0 |
| CAROL HAVEMANN-LYNCH | DIRECTOR Trustee or director | 1 | $0 |
| CASEY D MAHON | DIRECTOR Trustee or director | 1 | $0 |
| CASSANDRA S FOENS MD | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS KLEIN | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER D DEWOLF | DIRECTOR Trustee or director | 1 | $0 |
| DYAN C SMITH | DIRECTOR Trustee or director | 1 | $0 |
| FREDERICK J CRAWFORD | DIRECTOR Trustee or director | 1 | $0 |
| GREGS G THOMOPULOS | DIRECTOR Trustee or director | 1 | $0 |
| JAMES W CARNEY | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY A CHAPMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN RUAN IV | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN R GRUNEICH | DIRECTOR Trustee or director | 1 | $0 |
| LOIS A EICHACKER | DIRECTOR Trustee or director | 1 | $0 |
| MARK A KAUFMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARY JOY STEAD | DIRECTOR Trustee or director | 1 | $0 |
| MIEKELEEN HART | DIRECTOR Trustee or director | 1 | $0 |
| P SUE BECKWITH MD | DIRECTOR Trustee or director | 1 | $0 |
| PERRY A GLASSGOW | DIRECTOR Trustee or director | 1 | $0 |
| SOUMYO SARKAR | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN H BELYN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN NEELY | DIRECTOR Trustee or director | 1 | $0 |
| SUZANNE S YOON | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS J VEALE | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS R HANSON | DIRECTOR Trustee or director | 1 | $0 |
| VICTOR M ALVAREZ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNETTE L MARSHALL | PRESIDENT Officer | 40 | $569,510 | $57,665 |
| SHEILA BALDWIN | VP/ASSISTANT SECRETARY Officer | 40 | $337,392 | $68,891 |
| JIM BETHEA | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $325,546 | $61,774 |
| SHERRI P FURMAN | CFO/TREASURER Officer | 40 | $302,753 | $40,592 |
| ROBERT K CLARK | VP MAIN CAMPUS DEVELOPMENT Key employee | 40 | $295,112 | $45,208 |
| COLIN HENNESSY | VP ALUMNI AND DONOR ENGAGEMENT Key employee | 40 | $262,240 | $66,078 |
| TOM K DEPRENGER | VP PRINCIPAL GIFTS Highest-paid employee | 40 | $247,700 | $57,052 |
| DEREK PENDERGAST | VP, PRINCIPAL GIFTS Highest-paid employee | 40 | $224,878 | $57,153 |
| LINDA A HARTFORD | VP, CHIEF IT OFFICER Highest-paid employee | 40 | $224,008 | $51,946 |
| KEVIN COLLINS | DEVELOPMENT OFFICER Highest-paid employee | 40 | $214,443 | $57,322 |
| DIANE K BROWNLEE | SECRETARY Officer | 40 | $236,557 | $23,394 |
| ANDREW W CODE | CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| JANICE R ELLIG | VICE CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA A MCKENZIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE E RINGDAHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL W STUART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL HAVEMANN-LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CASEY D MAHON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CASSANDRA S FOENS MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE ZAHARIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER D DEWOLF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DYAN C SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FREDERICK J CRAWFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGS G THOMOPULOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES W CARNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY A CHAPMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN RUAN IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN R GRUNEICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOIS A EICHACKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK A KAUFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY JOY STEAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIEKELEEN HART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATHAN R TROSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| P SUE BECKWITH MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY A GLASSGOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SOUMYO SARKAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN H BELYN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE S YOON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS J VEALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS R HANSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICTOR M ALVAREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNETTE L MARSHALL | PRESIDENT Officer | 40 | $569,491 | $50,139 |
| JIM BETHEA | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $311,826 | $55,608 |
| SHEILA BALDWIN | VP/ASSISTANT SECRETARY Officer | 40 | $282,698 | $59,463 |
| ROBERT K CLARK | VP MAIN CAMPUS DEVELOPMENT Key employee | 40 | $270,059 | $41,027 |
| SHERRI P FURMAN | CFO/TREASURER Officer | 40 | $256,589 | $35,885 |
| TOM K DEPRENGER | VP PRINCIPAL GIFTS Highest-paid employee | 40 | $232,094 | $50,958 |
| DEREK PENDERGAST | VP, PRINCIPAL GIFTS Highest-paid employee | 40 | $205,784 | $50,740 |
| LINDA A HARTFORD | VP, CHIEF IT OFFICER Highest-paid employee | 40 | $208,449 | $46,962 |
| KEVIN COLLINS | DEVELOPMENT OFFICER Highest-paid employee | 40 | $199,096 | $50,730 |
| DIANE K BROWNLEE | SECRETARY Officer | 40 | $207,024 | $20,954 |
| COLIN HENNESSY | VP ALUMNI AND DONOR ENGAGEMENT Key employee | 40 | $121,845 | $25,565 |
| KURT LANGEL | VP TALENT MANAGEMENT Key employee | 40 | $115,630 | $19,991 |
| DALE E BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| P SUE BECKWITH MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES W CARNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW W CODE | CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| KATHLEEN A DORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANICE R ELLIG | VICE CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| CASSANDRA S FOENS MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY A GLASSGOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN R GRUNEICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS R HANSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL HAVEMANN-LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIEKELEEN HART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CASEY D MAHON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA A MCKENZIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE E RINGDAHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DYAN C SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY JOY STEAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL W STUART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGS G THOMOPULOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATHAN R TROSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS J VEALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE ZAHARIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER D DEWOLF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK A KAUFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SOUMYO SARKAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN H BELYN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FREDERICK J CRAWFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOIS A EICHACKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN RUAN IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE S YOON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4550, IOWA CITY, IA 52244-4550
- In care of
- % TALENT MANAGEMENT
- Principal officer (990 for 2024)
- LYNETTE L MARSHALL, PO BOX 4550, IOWA CITY, IA 522444550
- Signed the 990
- LYNETTE L MARSHALL, PRESIDENT
- Phone
- (319) 335-3305
- Website
- WWW.FORIOWA.ORG
- Return prepared by
- Forvis Mazars LLP
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 (CONTINUED ON SCHEDULE O)
Program accomplishments
- GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR PROGRAMS.Expenses $54,991,483 · grants $53,757,140 · revenue $4,715,830
- GRANTS PROVIDING RESOURCES THE UNIVERSITY OF IOWA FOR FACULTY SUPPORT.Expenses $32,975,207 · grants $32,235,043 · revenue $2,827,810
- GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT SUPPORT.Expenses $32,140,207 · grants $31,418,786 · revenue $2,756,204
- GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR RESEARCH.Expenses $31,349,373 · grants $30,645,703 · revenue $2,688,386
- GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR FACILITIES.Expenses $14,988,118 · grants $14,651,694 · revenue $1,285,316
- STRENGTHEN THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT EFFORTS WITH ALUMNI AND DONORS.Expenses $1,796,561
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0796760
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1957
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $2,294,681,117
- Income (IRS master file)
- $434,950,038
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $202,489,213 | $211,635,173 | $2,294,681,117 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $167,554,150 | $210,154,022 | $2,160,832,505 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $166,983,554 | $193,954,817 | $2,014,095,354 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $291,450,810 | $156,781,998 | $1,985,793,124 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0796760).
Questions about STATE UNIVERSITY OF IOWA FOUNDATION
- What is the EIN of STATE UNIVERSITY OF IOWA FOUNDATION?
- The employer identification number (EIN) of STATE UNIVERSITY OF IOWA FOUNDATION is 42-0796760.
- Is STATE UNIVERSITY OF IOWA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to STATE UNIVERSITY OF IOWA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STATE UNIVERSITY OF IOWA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STATE UNIVERSITY OF IOWA FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STATE UNIVERSITY OF IOWA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of STATE UNIVERSITY OF IOWA FOUNDATION?
- The 990 for the year ended June 30, 2025 names LYNETTE L MARSHALL.
- Who are the officers and directors of STATE UNIVERSITY OF IOWA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 44 people; 13 received compensation from the organization, the highest $624,000 (LYNETTE L MARSHALL, PRESIDENT).
- How much revenue does STATE UNIVERSITY OF IOWA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $202,489,213, expenses of $211,635,173 and total assets of $2,294,681,117 at year end.
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