Nonprofit · EIN 42-1309259
IOWA STATE UNIVERSITY RESEARCH PARK CORP
Tax-exempt · AMES, IA 50010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $13,710,474 | $11,302,110 | $2,408,364 | $105,081,187 | $82,390,318 | $22,690,869 |
| June 30, 2025 | 990 | $14,028,906 | $11,678,295 | $2,350,611 | $100,431,174 | $80,148,669 | $20,282,505 |
| June 30, 2024 | 990 | $10,760,064 | $10,067,129 | $692,935 | $95,133,404 | $77,101,510 | $18,031,894 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $746,586
- of which government grants
- $746,586
- Program service revenue
- $12,851,310
- Investment income
- $112,578
- Net gain from sales of assets
- $53,936
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $243,438
- Other salaries and wages
- $976,724
- Salaries, compensation and benefits (total)
- $1,220,162
- Professional fundraising fees
- $0
- Accounting fees
- $14,800
- Occupancy
- $3,952,692
- Travel
- $38,395
- Depreciation
- $3,016,193
- Program services (functional)
- $9,438,776
- Management and general (functional)
- $1,863,334
Balance sheet and other
- Total assets, start of year
- $100,431,174
- Total assets, end of year
- $105,081,187
- Total liabilities, end of year
- $82,390,318
- Net assets, end of year
- $22,690,869
- Land, buildings and equipment
- $95,750,755
- Net assets without donor restrictions
- $22,690,869
- Gross receipts
- $13,710,474
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- 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, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK SANDERS | EX-OFFICIO Officer | 40 | $243,438 |
| DR MATT DARR | DIRECTOR Trustee or director | 0 | $0 |
| DEBORAH DURHAM | DIRECTOR Trustee or director | 0 | $0 |
| DR PETER DORHOUT | DIRECTOR Trustee or director | 0 | $0 |
| DAVID SPALDING | CHAIR Trustee or director, Officer | 0 | $0 |
| WARREN MADDEN | SECRETARY/TREASURER Trustee or director, Officer | 0 | $0 |
| RON HALLENBECK | DIRECTOR Trustee or director | 0 | $0 |
| DR LAURA JOLLY | DIRECTOR Trustee or director | 0 | $0 |
| DR BRENT SHANKS | DIRECTOR Trustee or director | 0 | $0 |
| STEVE SCHULER | VICE CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| SEAN REEDER | DIRECTOR Trustee or director | 0 | $0 |
| PAUL RUPPRECHT | DIRECTOR Trustee or director | 0 | $0 |
| ERIC PETERSON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2025: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK SANDERS | EX-OFFICIO Officer | 40 | $234,300 |
| ALISON DOYLE | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $133,998 |
| KYLE MARTIN | OPERATIONS MANAGER Highest-paid employee | 40 | $108,793 |
| DR MATT DARR | DIRECTOR Trustee or director | 0 | $0 |
| DEBORAH DURHAM | DIRECTOR Trustee or director | 0 | $0 |
| DR PETER DORHOUT | DIRECTOR Trustee or director | 0 | $0 |
| DAVID SPALDING | CHAIR Trustee or director, Officer | 0 | $0 |
| WARREN MADDEN | SECRETARY/TREASURER Trustee or director, Officer | 0 | $0 |
| RON HALLENBECK | DIRECTOR Trustee or director | 0 | $0 |
| DR LAURA JOLLY | DIRECTOR Trustee or director | 0 | $0 |
| DR BRENT SHANKS | DIRECTOR Trustee or director | 0 | $0 |
| STEVE SCHULER | VICE CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| SEAN REEDER | DIRECTOR Trustee or director | 0 | $0 |
| PAUL RUPPRECHT | DIRECTOR Trustee or director | 0 | $0 |
| ERIC PETERSON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK SANDERS | EX-OFFICIO Officer | 40 | $223,141 |
| ALISON DOYLE | CHIEF RELATIONS OFFICER Highest-paid employee | 40 | $130,095 |
| KYLE MARTIN | OPERATIONS MANAGER Highest-paid employee | 40 | $105,624 |
| DR MATT DARR | DIRECTOR Trustee or director | 0 | $0 |
| DR LAURA JOLLY | DIRECTOR Trustee or director | 0 | $0 |
| DR PETER DORHOUT | DIRECTOR Trustee or director | 0 | $0 |
| DAVID SPALDING | CHAIR Trustee or director, Officer | 0 | $0 |
| WARREN MADDEN | SECRETARY/TREASURER Trustee or director, Officer | 0 | $0 |
| DEBORAH DURHAM | DIRECTOR Trustee or director | 0 | $0 |
| ERIC PETERSON | DIRECTOR Trustee or director | 0 | $0 |
| DR BRENT SHANKS | DIRECTOR Trustee or director | 0 | $0 |
| STEVE SCHULER | VICE CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| JILL KLINDT | DIRECTOR Trustee or director | 0 | $0 |
| PAUL RUPPRECHT | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1805 COLLABORATION PL STE 1250, AMES, IA 50010-9166
- Principal officer (990 for 2025)
- RICK SANDERS, 1805 COLLABORATION PLACE 1250, AMES, IA 500109166
- Signed the 990
- RICK SANDERS, PRESIDENT
- Phone
- (515) 296-7275
- Return prepared by
- TRUSTPOINTLLP
Mission
PROVIDE REDUCED RENT TO HELP IOWA STATE UNIVERSITY ACHIEVE RESEARCH GOALS. TO PROVIDE A MATERIAL AND HUMAN RESOURCE-RICH ENVIRONMENT WHERE ESTABLISHED TECHNOLOGY RELATED FIRMS, SERVICES AND RESEARCH ORGANIZATIONS CAN EXPAND THEIR OPPORTUNITIES; WHERE YOUNG IOWA-BASED COMPANIES CAN DEVELOP THEIR POTENTIAL; AND WHERE SCIENCE AND TECHNOLOGY ENTREPRENEURIAL VENTURES CAN TAKE ROOT IN IOWA.
Program accomplishments
- TO SUPPORT AND ASSIST IOWA STATE UNIVERSITY IN ACHIEVING ITS EDUCATIONAL, SCIENTIFIC, RESEARCH & OTHER PURPOSES, TO PROMOTE, SUPPORT & ASSIST JOB CREATION AND ENTREPRENEURSHIP ALONG WITH ASSISTING THE ECONOMIC STATUS AND WELL BEING OF INDIVIDUALS AND BUSINESSES WITHIN THE STATE OF IOWA.Expenses $9,438,776 · revenue $12,905,246
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 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1309259
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $105,081,187
- Income (IRS master file)
- $13,710,474
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $13,710,474 | $11,302,110 | $105,081,187 | XML |
| 990 | June 2025 | $14,028,906 | $11,678,295 | $100,431,174 | XML |
| 990 | June 2024 | $10,760,064 | $10,067,129 | $95,133,404 | XML |
| 990 | June 2023 | $11,715,274 | $9,371,439 | $83,485,755 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 42-1309259).
Questions about IOWA STATE UNIVERSITY RESEARCH PARK CORP
- What is the EIN of IOWA STATE UNIVERSITY RESEARCH PARK CORP?
- The employer identification number (EIN) of IOWA STATE UNIVERSITY RESEARCH PARK CORP is 42-1309259.
- Is IOWA STATE UNIVERSITY RESEARCH PARK CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to IOWA STATE UNIVERSITY RESEARCH PARK CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA STATE UNIVERSITY RESEARCH PARK CORP 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 RESEARCH PARK CORP due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA STATE UNIVERSITY RESEARCH PARK CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of IOWA STATE UNIVERSITY RESEARCH PARK CORP?
- The 990 for the year ended June 30, 2026 names RICK SANDERS.
- Who are the officers and directors of IOWA STATE UNIVERSITY RESEARCH PARK CORP?
- The 990 for the year ended June 30, 2026 lists 13 people; 1 received compensation from the organization, the highest $243,438 (RICK SANDERS, EX-OFFICIO).
- How much revenue does IOWA STATE UNIVERSITY RESEARCH PARK CORP have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $13,710,474, expenses of $11,302,110 and total assets of $105,081,187 at year end.
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