Nonprofit · EIN 47-4757561
ISU FACILITIES CORPORATION
Tax-exempt · AMES, IA 50010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,844,156 | $3,289,236 | $554,920 | $42,898,705 | $42,323,553 | $575,152 |
| June 30, 2024 | 990 | $567,790 | $2,614,222 | -$2,046,432 | $43,827,330 | $43,807,098 | $20,232 |
| June 30, 2023 | 990 | $2,353,248 | $2,297,969 | $55,279 | $34,891,739 | $32,790,077 | $2,101,662 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,241,217
- Investment income
- $602,939
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $211
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $1,564,440
- Program services (functional)
- $3,289,236
Balance sheet and other
- Total assets, start of year
- $43,827,330
- Total assets, end of year
- $42,898,705
- Total liabilities, end of year
- $42,323,553
- Net assets, end of year
- $575,152
- Land, buildings and equipment
- $33,467,609
- Net assets without donor restrictions
- $575,152
- Gross receipts
- $3,844,156
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2015
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EMILY HAGER | ASSISTANT SECRETARY Officer | 1 | $0 | $231,993 | $51,668 |
| MICHAEL WAHLIN | ASSISTANT TREASURER Officer | 1 | $0 | $173,401 | $38,250 |
| TERRY TOBIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA SCHAKEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HEATHER PARIS | TREASURER - THRU 9/24 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SEAN REEDER | TREASURER - AS OF 9/24 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANA WENSTRAND | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WENDY WINTERSTEEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EMILY HAGER | ASSISTANT SECRETARY Officer | 1 | $0 | $208,299 | $43,951 |
| MICHAEL WAHLIN | ASSISTANT TREASURER Officer | 1 | $0 | $161,750 | $34,070 |
| DANA WENSTRAND | DIRECT, PRES TO 1/24/SECR FROM 1/24 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GARY STREIT | DIRECT, VICE PRESIDENT (END 1/18/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HEATHER PARIS | DIRECTOR, TREASURER (START 12/1/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LARRY PITHAN | DIRECTOR, SECRETARY (END 1/18/24) Trustee or director, Officer | 0 | $0 | $0 | $0 |
| LINDA SCHAKEL | DIRECTOR, VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SEAN NORMAN | DIRECTOR, TREASURER (END 12/1/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY TOBIN | DIRECTOR, PRESIDENT (START 1/18/24) Trustee or director, Officer | 0 | $0 | $0 | $0 |
| WENDY WINTERSTEEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EMILY HAGER | VP & CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $173,697 | $38,432 |
| MICHAEL WAHLIN | ASSISTANT TREASURER Officer | 1 | $0 | $152,338 | $32,801 |
| LISA ESLINGER | ASSISTANT SECRETARY (END 7/1/22) Officer | 1 | $0 | $126,881 | $21,911 |
| GARY STREIT | DIRECTOR, VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LARRY PITHAN | DIRECTOR, SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAMELA E CAIN | DIRECTOR, TREASURER (END 9/30/22) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RON HALLENBECK | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHAWN NORMAN | DIRECTOR, TREASURER (START 9/30/22) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WENDY WINTERSTEEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2505 UNIVERSITY BLVD, AMES, IA 50010-8622
- Principal officer (990 for 2024)
- SEAN REEDER, 2505 UNIVERSITY BOULEVARD, AMES, IA 50010
- Signed the 990
- SEAN REEDER, TREASURER
- Phone
- (515) 294-4607
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
ASSIST IN THE CONSTRUCTION AND ACQUISITION OF REAL PROPERTY FACILITIES USEFUL TO IOWA STATE UNIVERSITY, AND THEREAFTER LEASE SUCH FACILITIES TO THE BOARD OF REGENTS FOR THE USE OF IOWA STATE UNIVERSITY.
Program accomplishments
- THE ORGANIZATION ISSUES BONDS AND PROCEEDS ARE USED TO CONSTRUCT AND RENOVATE FACILITIES ON THE IOWA STATE UNIVERSITY CAMPUS.Expenses $3,289,236 · grants $211 · revenue $3,241,217
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
- 47-4757561
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $42,898,705
- Income (IRS master file)
- $3,844,156
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,844,156 | $3,289,236 | $42,898,705 | IRS |
| 990 | June 2024 | $567,790 | $2,614,222 | $43,827,330 | IRS |
| 990 | June 2023 | $2,353,248 | $2,297,969 | $34,891,739 | XML |
| 990 | June 2022 | $2,195,797 | $2,333,128 | $36,066,727 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 47-4757561).
Questions about ISU FACILITIES CORPORATION
- What is the EIN of ISU FACILITIES CORPORATION?
- The employer identification number (EIN) of ISU FACILITIES CORPORATION is 47-4757561.
- Is ISU FACILITIES CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ISU FACILITIES CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ISU FACILITIES CORPORATION 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 ISU FACILITIES CORPORATION 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 ISU FACILITIES CORPORATION 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 ISU FACILITIES CORPORATION?
- The 990 for the year ended June 30, 2025 names SEAN REEDER.
- Who are the officers and directors of ISU FACILITIES CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does ISU FACILITIES CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,844,156, expenses of $3,289,236 and total assets of $42,898,705 at year end.
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