Nonprofit · EIN 42-1143702
IOWA STATE UNIVERSITY FOUNDATION
Tax-exempt · AMES, IA 50010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $196,181,104 | $204,948,678 | -$8,767,574 | $2,138,119,815 | $60,470,406 | $2,077,649,409 |
| June 30, 2024 | 990 | $143,213,015 | $205,319,508 | -$62,106,493 | $1,955,859,918 | $49,004,829 | $1,906,855,089 |
| June 30, 2023 | 990 | $147,035,872 | $153,769,487 | -$6,733,615 | $1,874,949,873 | $38,796,886 | $1,836,152,987 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $168,804,798
- Program service revenue
- $0
- Investment income
- $24,574,811
- Royalties
- $863
- Net rental income
- $300,632
- Net gain from sales of assets
- $21,302,842
- Other revenue
- $2,801,495
Expenses
- Grants and similar amounts paid
- $159,224,118
- Compensation of officers, directors and key employees
- $1,993,478
- Other salaries and wages
- $14,781,807
- Salaries, compensation and benefits (total)
- $23,085,686
- Professional fundraising fees
- $7,448
- Legal fees
- $129,495
- Accounting fees
- $142,918
- Occupancy
- $335,557
- Travel
- $1,048,444
- Depreciation
- $209,827
- Program services (functional)
- $159,224,118
- Management and general (functional)
- $21,615,871
- Fundraising (functional)
- $24,108,689
Balance sheet and other
- Total assets, start of year
- $1,955,859,918
- Total assets, end of year
- $2,138,119,815
- Total liabilities, end of year
- $60,470,406
- Net assets, end of year
- $2,077,649,409
- Land, buildings and equipment
- $17,711,033
- Publicly traded securities
- $304,746,533
- Net assets without donor restrictions
- $101,381,141
- Net assets with donor restrictions
- $1,976,268,268
- Gross unrelated business income
- -$79,377
- Gross receipts
- $464,419,962
- Employees
- 305
- Volunteers
- 229
- Year formed
- 1980
- 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 |
|---|---|---|---|---|
| LARISSA HOLTMYER JONES | PRESIDENT AND CEO Officer | 40 | $546,673 | $73,057 |
| JEREMY GALVIN | VP & CHIEF DEVELOPMENT OFFICER Key employee | 40 | $321,629 | $62,044 |
| EMILY HAGER | VP & CHIEF FINANCIAL OFFICER Officer | 40 | $231,993 | $51,668 |
| ROSA UNAL | VP & CHIEF INFO OFFICER Key employee | 40 | $231,110 | $46,874 |
| ANN TORGERSON-ROSS | VP & CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $228,415 | $32,472 |
| RYAN HARMS | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $191,090 | $44,471 |
| KELLY HANFELT | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $188,243 | $46,216 |
| ROBERT KINSEY | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $185,112 | $47,023 |
| AMY KRUZICH | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $192,983 | $33,772 |
| MARY EVANSON | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $180,959 | $44,338 |
| MARY JANE HAGENSON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TERRY TOBIN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG DENNY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DANA WENSTRAND | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JIM BOREL | DIRECTOR Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AJAY DESAI | DIRECTOR Trustee or director | 1 | $0 |
| JON FLEMING | DIRECTOR Trustee or director | 1 | $0 |
| DAVID KINGLAND | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| TED OBERLANDER | DIRECTOR Trustee or director | 1 | $0 |
| LARRY PITHAN | DIRECTOR Trustee or director | 1 | $0 |
| JUDY RALSTON-HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| LINDA SCHAKEL | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES SUKUP | DIRECTOR Trustee or director | 1 | $0 |
| KURT TJADEN | DIRECTOR Trustee or director | 1 | $0 |
| DEE VANDEVENTER | DIRECTOR Trustee or director | 1 | $0 |
| WENDY WINTERSTEEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARISSA HOLTMYER JONES | PRESIDENT AND CEO Officer | 40 | $538,497 | $56,753 |
| JEREMY GALVIN | VP & CHIEF DEVELOPMENT OFFICER Key employee | 40 | $308,877 | $47,943 |
| ROSA UNAL | VP & CHIEF INFO OFFICER Key employee | 40 | $217,442 | $41,366 |
| EMILY HAGER | VP & CHIEF FINANCIAL OFFICER Officer | 40 | $208,299 | $43,951 |
| ANN TORGERSON-ROSS | VP & CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $212,970 | $29,531 |
| RYAN HARMS | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $192,335 | $41,751 |
| KELLY HANFELT | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $180,837 | $42,908 |
| ROBERT KINSEY | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $177,631 | $44,758 |
| MARY EVANSON | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $170,287 | $40,631 |
| AMY KRUZICH | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $183,588 | $26,988 |
| MARY JANE HAGENSON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TERRY TOBIN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG DENNY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DANA WENSTRAND | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LINDA SCHAKEL | DIRECTOR (START 7/23) Trustee or director | 1 | $0 | $0 |
| AJAY DESAI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES SUKUP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID KINGLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEE VANDEVENTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM BOREL | DIRECTOR (START 11/23) Trustee or director | 1 | $0 | $0 |
| JON FLEMING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY PITHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEN RODMAN | DIRECTOR (END 11/23) Trustee or director | 1 | $0 | $0 |
| RIC JURGENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD MAHONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON HALLENBECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TED OBERLANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY WINTERSTEEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARISSA HOLTMYER JONES | PRESIDENT AND CEO Officer | 40 | $520,672 | $51,920 |
| JEREMY GALVIN | VP & CHIEF DEVELOPMENT OFFICER Key employee | 40 | $303,140 | $42,966 |
| ROSA UNAL | VP & CHIEF INFO OFFICER Key employee | 40 | $200,168 | $38,006 |
| ANN TORGERSON-ROSS | VP & CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $203,832 | $28,281 |
| EMILY HAGER | VP & CHIEF FINANCIAL OFFICER Officer | 40 | $173,697 | $38,432 |
| KELLY HANFELT | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $169,223 | $39,538 |
| ROBERT KINSEY | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $156,514 | $39,436 |
| RYAN HARMS | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $157,996 | $36,297 |
| AMY KRUZICH | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 40 | $162,366 | $24,086 |
| MARK BOECK | SR EXEC DIR CORP ENGAGEMENT Highest-paid employee | 40 | $154,163 | $31,425 |
| LISA ESLINGER END 0712022 | CHIEF FINANCIAL/ADMIN OFFICER Officer | 40 | $126,881 | $21,911 |
| RICHARD MAHONEY | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARY JANE HAGENSON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RON HALLENBECK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DANA WENSTRAND | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| AJAY DESAI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES SUKUP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG DENNY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID KINGLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEE VANDEVENTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY STREIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON FLEMING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY HOWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY PITHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEN RODMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RIC JURGENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TED OBERLANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRY TOBIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY WINTERSTEEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2505 UNIVERSITY BLVD, AMES, IA 50010-8622
- In care of
- % AMANDA DODSON
- Principal officer (990 for 2024)
- LARISSA HOLTMYER-JONES, 2505 UNIVERSITY BLVD PO BOX 2230, AMES, IA 500102230
- Signed the 990
- EMILY HAGER, CHIEF FINANCIAL OFFICER
- Phone
- (515) 294-4607
- Website
- WWW.FOUNDATION.IASTATE.EDU
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- FACILITIES: THE FOUNDATION PROVIDED MORE THAN $63 MILLION TO THE UNIVERSITY IN SUPPORT OF NEW BUILDING CONSTRUCTION, RENOVATION, AND EQUIPMENT NEEDS. STATE-OF-THE-ART FACILITIES HELP THE UNIVERSITY ATTRACT HIGH-QUALITY FACULTY AND STUDENTS. THESE FACILITIES PROVIDE SPACE, ENVIRONMENTS, AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVELS OF TEACHING, LEARNING, AND RESEARCH. PRIVATE GIFT SUPPORT ASSISTED IN FUNDING OF THE THERKILDSEN INDUSTRIAL ENGINEERING BUILDING, VETERINARY DIAGNOSTIC LABORATORY, LABARON HALL, AND MORE.Expenses $63,072,358 · grants $63,072,358 · revenue $990,363
- STUDENT SUPPORT: IOWA STATE UNDERGRADUATE AND GRADUATE STUDENTS RECEIVED OVER $57.1 MILLION IN SCHOLARSHIPS, FELLOWSHIPS, LOANS, AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS RECEIVED BOTH MERIT AND NEED BASED SCHOLARSHIPS ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING THAT ALL WILLING STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATION OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS. IN THE FISCAL YEAR, MORE THAN 8,400 STUDENTS RECEIVED SCHOLARSHIPS FUNDED BY PRIVATE GIFT SUPPORT.Expenses $57,103,927 · grants $57,103,927 · revenue $896,564
- FACULTY AND PROGRAM SUPPORT: WITH OVER $33.5 MILLION FROM THE IOWA STATE UNIVERSITY FOUNDATION, UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN THE WORLD-CLASS FACULTY WHICH ULTIMATELY ATTRACTS THE BEST AND BRIGHTEST STUDENTS. DURING THE FISCAL YEAR, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, PROFESSORSHIPS, AND FELLOWSHIPS) WAS 247.Expenses $33,539,384 · grants $33,539,384 · revenue $613,073
- NONCASH GRANTS GIVEN TO IOWA STATE UNIVERSITY.Expenses $5,508,449 · grants $5,508,449
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
- 42-1143702
- 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
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $2,138,119,815
- Income (IRS master file)
- $464,419,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $196,181,104 | $204,948,678 | $2,138,119,815 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $143,213,015 | $205,319,508 | $1,955,859,918 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $147,035,872 | $153,769,487 | $1,874,949,873 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $255,070,989 | $146,572,844 | $1,813,751,650 | 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 42-1143702).
Questions about IOWA STATE UNIVERSITY FOUNDATION
- What is the EIN of IOWA STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of IOWA STATE UNIVERSITY FOUNDATION is 42-1143702.
- Is IOWA STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to IOWA STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA STATE UNIVERSITY 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 IOWA STATE UNIVERSITY 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 IOWA STATE UNIVERSITY 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 IOWA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names LARISSA HOLTMYER-JONES.
- Who are the officers and directors of IOWA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 27 people; 10 received compensation from the organization, the highest $546,673 (LARISSA HOLTMYER JONES, PRESIDENT AND CEO).
- How much revenue does IOWA STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $196,181,104, expenses of $204,948,678 and total assets of $2,138,119,815 at year end.
Other nonprofits in AMES
- KRELL INSTITUTE INC EIN 42-1457548 · last filed 990 for 2025
- RESURRECTION UNIVERSITY EIN 36-2182170 · last filed 990 for 2023
- IOWA STATE UNIVERSITY RESEARCH PARK CORP EIN 42-1309259 · last filed 990 for 2026
- ISU FACILITIES CORPORATION EIN 47-4757561 · last filed 990 for 2025
- IOWA STATE UNIVERSITY ALUMNI ASSOCIATION EIN 42-6062614 · last filed 990 for 2025
- IOWA STATE UNIVERSITY 1993 TRUST EIN 42-6527697 · last filed 990 for 2025
- MILLER ENDOWMENT INCORPORATED EIN 42-1448239 · last filed 990 for 2025
- AMES CHRISTIAN SCHOOL EIN 42-1392418 · last filed 990 for 2025