Nonprofit · EIN 42-6058591
UNIVERSITY OF NORTHERN IOWA FOUNDATION
Also known as UNI FOUNDATION
Tax-exempt · CEDAR FALLS, IA 50614
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $33,983,779 | $32,998,439 | $985,340 | $309,712,656 | $6,313,184 | $303,399,472 |
| June 30, 2024 | 990 | $35,606,248 | $30,976,284 | $4,629,964 | $290,552,293 | $5,134,297 | $285,417,996 |
| June 30, 2023 | 990 | $54,272,654 | $24,542,604 | $29,730,050 | $266,354,736 | $4,176,682 | $262,178,054 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $24,013,087
- Program service revenue
- $0
- Investment income
- $9,872,265
- Royalties
- $57,120
- Net gain from sales of assets
- $4,460,873
- Other revenue
- $98,427
Expenses
- Grants and similar amounts paid
- $18,016,041
- Compensation of officers, directors and key employees
- $1,376,611
- Other salaries and wages
- $6,264,957
- Salaries, compensation and benefits (total)
- $7,641,568
- Professional fundraising fees
- $306,285
- Accounting fees
- $79,455
- Occupancy
- $110,845
- Travel
- $937,808
- Depreciation
- $3,172
- Program services (functional)
- $24,533,509
- Management and general (functional)
- $3,566,630
- Fundraising (functional)
- $4,898,300
Balance sheet and other
- Total assets, start of year
- $290,552,293
- Total assets, end of year
- $309,712,656
- Total liabilities, end of year
- $6,313,184
- Net assets, end of year
- $303,399,472
- Land, buildings and equipment
- $38,060
- Publicly traded securities
- $181,549,333
- Net assets without donor restrictions
- $15,533,319
- Net assets with donor restrictions
- $287,866,153
- Gross unrelated business income
- -$7,633
- Gross receipts
- $109,548,656
- Employees
- 52
- Volunteers
- 40
- Year formed
- 1959
- 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 |
|---|---|---|---|---|
| JIM JERMIER | BOARD PRESIDENT Officer | 40 | $247,915 | $56,456 |
| STEVE GEARHART | ASSOCIATE VP FOR ADVANCEMENT Highest-paid employee | 40 | $148,248 | $41,859 |
| NOREEN HERMANSEN | VP FOR PRINCIPAL GIFTS Highest-paid employee | 40 | $158,799 | $30,371 |
| BRIAN GABEL | AVP FOR ALUMNI ENGAGEMENT Highest-paid employee | 40 | $127,102 | $39,712 |
| NATE CLAPHAM | ASSISTANT VP COLLEGIATE DEVELOPMENT Highest-paid employee | 40 | $126,111 | $39,294 |
| HILLERY OBERLE | AVP OF STRATEGY, COMMUN/CAMPAIGNS Highest-paid employee | 40 | $128,464 | $27,260 |
| STACY ROBINSON | BOARD TREASURER THRU 11/24 Officer | 40 | $118,853 | $27,086 |
| MEGAN STULL | BOARD SECRETARY Officer | 40 | $86,727 | $9,812 |
| JAMES PERRY | TREASURER FROM 11/24 Officer | 40 | $12,020 | $1,135 |
| MICHAEL ARMBRECHT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOBBIE WILLIAMS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAN FICK | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JAN BITTNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB BOWLSBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARL BOYD | TRUSTEE Trustee or director | 1 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON COFFIN | TRUSTEE Trustee or director | 1 | $0 |
| MARY COFFIN | TRUSTEE Trustee or director | 1 | $0 |
| LINDA COOK | TRUSTEE Trustee or director | 1 | $0 |
| JASON FLINN | TRUSTEE Trustee or director | 1 | $0 |
| LARRY FOX | TRUSTEE Trustee or director | 1 | $0 |
| HEATHER GUNDERSON | TRUSTEE Trustee or director | 1 | $0 |
| JORGEN HEIDEMAN | TRUSTEE Trustee or director | 1 | $0 |
| RICH JAMES | TRUSTEE Trustee or director | 1 | $0 |
| LYNN KING | TRUSTEE Trustee or director | 1 | $0 |
| SUSAN KOCH | TRUSTEE Trustee or director | 1 | $0 |
| KATHRYN M KUNERT | TRUSTEE Trustee or director | 1 | $0 |
| DAVID MASON | TRUSTEE Trustee or director | 1 | $0 |
| JIM MUDD II | TRUSTEE Trustee or director | 1 | $0 |
| KATIE MULLHOLLAND | TRUSTEE Trustee or director | 1 | $0 |
| RICK NOEL | TRUSTEE Trustee or director | 1 | $0 |
| MARK NOOK | TRUSTEE Trustee or director | 1 | $0 |
| JEFF SCUDDER | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT SOFIER | TRUSTEE Trustee or director | 1 | $0 |
| SANDY STEVENS | TRUSTEE Trustee or director | 1 | $0 |
| TINA STUBBS | TRUSTEE Trustee or director | 1 | $0 |
| KATY SUSONG | TRUSTEE Trustee or director | 1 | $0 |
| KERRY SUTHERLAND | TRUSTEE Trustee or director | 1 | $0 |
| DAVID TAKES | TRUSTEE Trustee or director | 1 | $0 |
| JULIE WOOD STOLL | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL WRIGHT | TRUSTEE Trustee or director | 1 | $0 |
| MIKE YOUNG | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL HAGER | BOARD VICE PRESIDENT Officer | 1 | $0 |
990 for the year ended June 30, 2024: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM JERMIER | BOARD PRESIDENT Officer | 40 | $242,125 | $52,014 |
| STEVE GEARHART | ASSOCIATE VP FOR ADVANCEME Highest-paid employee | 40 | $148,478 | $38,634 |
| NOREEN HERMANSEN | VP FOR PRINCIPAL GIFTS Highest-paid employee | 40 | $155,249 | $28,799 |
| NATE CLAPHAM | ASSISTANT VP COLLEGIATE DE Highest-paid employee | 40 | $129,127 | $35,180 |
| HILLERY OBERLE | AVP OF STRATEGY, COMMUN/CA Highest-paid employee | 40 | $124,285 | $23,764 |
| STACY ROBINSON | BOARD TREASURER Officer | 40 | $118,411 | $25,536 |
| MEGAN STULL | BOARD SECRETARY Officer | 40 | $79,196 | $9,418 |
| LARRY FOX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL ARMBRECHT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOBBIE WILLIAMS | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVE ANDERSON | TRUSTEE THRU 10/31 Trustee or director | 1 | $0 | $0 |
| JAN BITTNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB BOWLSBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARL BOYD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DON COFFIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY COFFIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA COOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN FICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JORGEN HEIDEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICH JAMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNN KING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN KOCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHRYN M KUNERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID MASON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM MUDD II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATIE MULLHOLLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK NOOK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK OMAN | TRUSTEE THRU 10/31 Trustee or director | 1 | $0 | $0 |
| RICHARD REDFERN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUANE SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT SOFIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SANDY STEVENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KERRY SUTHERLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID TAKES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSH WITTENBURG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE WOOD STOLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL WRIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE YOUNG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL HAGER | BOARD VICE PRESIDENT Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM JERMIER | BOARD PRESIDENT Officer | 40 | $237,116 | $49,744 |
| NOREEN HERMANSEN | VP FOR PRINCIPAL GIFTS Highest-paid employee | 40 | $153,530 | $28,107 |
| STEVE GEARHART | ASSOCIATE VP FOR ADVANCEME Highest-paid employee | 40 | $138,165 | $37,762 |
| NATE CLAPHAM | ASSISTANT VP COLLEGIATE DE Highest-paid employee | 40 | $109,770 | $35,721 |
| STACY ROBINSON | BOARD TREASURER Officer | 40 | $119,899 | $24,630 |
| LESLIE PRIDEAUX | AVP ALUMNI RELATIONS Highest-paid employee | 40 | $105,364 | $31,712 |
| HILLERY OBERLE | AVP OF STRATEGY, COMMUN/CA Highest-paid employee | 40 | $109,121 | $23,148 |
| MEGAN STULL | BOARD SECRETARY Officer | 40 | $82,973 | $9,043 |
| LINDA COOK | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY FOX | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL ARMBRECHT | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVE ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAN BITTNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB BOWLSBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARL BOYD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET BRADFORD | TRUSTEE THRU 10/31 Trustee or director | 1 | $0 | $0 |
| DON COFFIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY COFFIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN FICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JORGEN HEIDEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIM HURLEY | TRUSTEE THRU 10/31 Trustee or director | 1 | $0 | $0 |
| RICH JAMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GUANG JIN | TRUSTEE THRU 10/31 Trustee or director | 1 | $0 | $0 |
| LYNN KING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN KOCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID MASON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM MUDD II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATIE MULLHOLLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK NOOK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK OMAN | TRUSTEE THRU 10/31 Trustee or director | 1 | $0 | $0 |
| GRACE PETRZELKA | STUDENT TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD REDFERN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUANE SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT SOFIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SANDY STEVENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KERRY SUTHERLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID TAKES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL WALLER | TRUSTEE THRU 10/31 Trustee or director | 1 | $0 | $0 |
| BOBBIE WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL WRIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE YOUNG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL HAGER | BOARD VICE PRESIDENT Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 204 COMMONS UNI, CEDAR FALLS, IA 50614-0282
- In care of
- % STACY ROBINSON
- Principal officer (990 for 2024)
- JIM JERMIER, 204 COMMONS UNI, CEDAR FALLS, IA 506140282
- Signed the 990
- JAMES PERRY, BOARD TREASURER
- Phone
- (319) 273-7118
- Website
- FOUNDATION.UNI.EDU
- Return prepared by
- RSM US LLP
Mission
THE UNIVERSITY OF NORTHERN IOWA FOUNDATION'S MISSION IS TO GROW AND SUSTAIN PRIVATE RESOURCES AND BUILD RELATIONSHIPS TO SUPPORT THE UNIVERSITY OF NORTHERN IOWA, ITS STUDENTS, FACULTY, STAFF AND PROGRAMS.
Program accomplishments
- DEPARTMENTAL SUPPORT FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA - UNI FOUNDATION IS DESIGNATED AS THE CENTRAL FUNDRAISING AGENCY FOR THE UNIVERSITY OF NORTHERN IOWA. UNI FOUNDATION CONDUCTS CAMPAIGNS FOR UNIVERSITY PRIORITIES AND PROVIDES CENTRAL SERVICES TO SUPPORT FUNDRAISING, GROWTH OF THE ENDOWMENT, ADMINISTRATION, COMPLIANCE, DONOR STEWARDSHIP, AND OTHER AREAS.Expenses $6,228,969 · grants $95,326
- SCHOLARSHIPS, PRIMARILY FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA - SCHOLARSHIP RECIPIENTS ARE CHOSEN BY THE UNIVERSITY OF NORTHERN IOWA FACULTY, DEPARTMENT HEADS, DEANS, FINANCIAL AID OFFICERS, OR A COMBINATION OF THESE. SCHOLARSHIP RECIPIENTS ARE SELECTED ACCORDING TO SCHOLARSHIP GUIDELINES WRITTEN AT THE TIME THE SCHOLARSHIP IS ESTABLISHED. THE UNIVERSITY OF NORTHERN IOWA FOUNDATION (UNI FOUNDATION) ADMINISTERS THE FUNDS FOR SCHOLARSHIPS SUPPORTED BY PRIVATE GIFTS.Expenses $7,122,223 · grants $7,122,223
- CAPITAL PROJECTS TO BENEFIT THE UNIVERSITY OF NORTHERN IOWA - DURING FISCAL YEAR 2025 INCLUDED THE CAMPANILE RENOVATION, DOME RENOVATIONS, GALLAGHER-BLUEDORN PERFORMING ARTS CENTER EXPANSION.Expenses $10,798,492 · grants $10,798,492
- UNI ALUMNI ASSOCIATIONExpenses $383,825
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
- 42-6058591
- 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
- 1961
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $309,712,656
- Income (IRS master file)
- $109,548,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $33,983,779 | $32,998,439 | $309,712,656 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $35,606,248 | $30,976,284 | $290,552,293 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $54,272,654 | $24,542,604 | $266,354,736 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $39,233,728 | $24,028,203 | $224,185,175 | IRS |
| 990-T | June 2022 | – | – | – | 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 42-6058591).
Questions about UNIVERSITY OF NORTHERN IOWA FOUNDATION
- What is the EIN of UNIVERSITY OF NORTHERN IOWA FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF NORTHERN IOWA FOUNDATION is 42-6058591.
- Is UNIVERSITY OF NORTHERN IOWA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to UNIVERSITY OF NORTHERN IOWA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF NORTHERN 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 UNIVERSITY OF NORTHERN 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 UNIVERSITY OF NORTHERN 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 UNIVERSITY OF NORTHERN IOWA FOUNDATION?
- The 990 for the year ended June 30, 2025 names JIM JERMIER.
- Who are the officers and directors of UNIVERSITY OF NORTHERN IOWA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 42 people; 9 received compensation from the organization, the highest $247,915 (JIM JERMIER, BOARD PRESIDENT).
- How much revenue does UNIVERSITY OF NORTHERN IOWA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $33,983,779, expenses of $32,998,439 and total assets of $309,712,656 at year end.
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