2024-02-15T09:29:53-06:00 2023-06-30 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-07-01 420796760 STATE UNIVERSITY OF IOWA FOUNDATION % SHERRI FURMAN STAT 3193353305 PO BOX 4550 IOWA CITY IA 522444550 SHERRI FURMAN SR. VP-FINANCE & OPS 3193353305 2023-11-15 true SHERRI FURMAN 999009999 April Arnold P01559426 8162216300 2 2022 2023-04-26 12:10:37Z UNIV OF IOWA CENTER FOR ADVANCEMENT LYNETTE L MARSHALL PO BOX 4550 IOWA CITY IA 522444550 355163853 false X WWW.FORIOWA.ORG X 1956 IA TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY. 31 31 363 31 8299636 7448415 263665790 130867878 11428655 12640495 8688423 14746135 7667942 8729046 291450810 166983554 119874776 150613558 0 0 29262738 32654709 390466 422134 24622534 7254018 10264416 156781998 193954817 134668812 -26971263 1985793124 2014095354 126137594 125636126 1859655530 1888459228 X SEE SCHEDULE O FOR MISSION STATEMENT false false 25535508 25014442 2145704 GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT SUPPORT. 28005193 27433731 2353227 GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR FACILITIES. 48869975 47872755 4106458 GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR PROGRAMS. 52916632 50292630 4314033 155327308 true true false false false false false false false true true true false false true true false true false false true false false true false false false true false true false false false false false false true false true false false false false true true true false false true 62 0 true 363 true true true false false false false true true false false false false false false X 31 31 false false false false false false false true true false true true true true true true true true true true false AK CA CO DC GA KY LA ME MD MA MI MN NV NH NJ NY OH OR PA SC UT WA WV WI X SHERRI FURMAN 3193353305 PO BOX 4550 IOWA CITY IA 522444550 X LYNETTE L MARSHALL PRESIDENT 40.0 1.0 X 569491 0 50139 JIM BETHEA CHIEF INVESTMENT OFFICER 40.0 0.0 X 311826 0 55608 SHEILA BALDWIN VP/ASSISTANT SECRETARY 40.0 1.0 X 282698 0 59463 ROBERT K CLARK VP MAIN CAMPUS DEVELOPMENT 40.0 0.0 X 270059 0 41027 SHERRI P FURMAN CFO/TREASURER 40.0 1.0 X 256589 0 35885 TOM K DEPRENGER VP PRINCIPAL GIFTS 40.0 0.0 X 232094 0 50958 DEREK PENDERGAST VP, PRINCIPAL GIFTS 40.0 0.0 X 205784 0 50740 LINDA A HARTFORD VP, CHIEF IT OFFICER 40.0 0.0 X 208449 0 46962 KEVIN COLLINS DEVELOPMENT OFFICER 40.0 0.0 X 199096 0 50730 DIANE K BROWNLEE SECRETARY 40.0 1.0 X 207024 0 20954 COLIN HENNESSY VP ALUMNI AND DONOR ENGAGEMENT 40.0 0.0 X 121845 0 25565 KURT LANGEL VP TALENT MANAGEMENT 40.0 0.0 X 115630 0 19991 DALE E BAKER DIRECTOR 1.0 1.0 X 0 0 0 P SUE BECKWITH MD DIRECTOR 1.0 1.0 X 0 0 0 JAMES W CARNEY DIRECTOR 1.0 1.0 X 0 0 0 ANDREW W CODE CHAIR/DIRECTOR 1.0 1.0 X X 0 0 0 KATHLEEN A DORE DIRECTOR 1.0 1.0 X 0 0 0 JANICE R ELLIG VICE CHAIR/DIRECTOR 1.0 1.0 X X 0 0 0 CASSANDRA S FOENS MD DIRECTOR 1.0 1.0 X 0 0 0 PERRY A GLASSGOW DIRECTOR 1.0 1.0 X 0 0 0 KEVIN R GRUNEICH DIRECTOR 1.0 1.0 X 0 0 0 THOMAS R HANSON DIRECTOR 1.0 1.0 X 0 0 0 CAROL HAVEMANN-LYNCH DIRECTOR 1.0 1.0 X 0 0 0 MIEKELEEN HART DIRECTOR 1.0 1.0 X 0 0 0 CASEY D MAHON DIRECTOR 1.0 1.0 X 0 0 0 BARBARA A MCKENZIE DIRECTOR 1.0 1.0 X 0 0 0 BRUCE E RINGDAHL DIRECTOR 1.0 1.0 X 0 0 0 DYAN C SMITH DIRECTOR 1.0 1.0 X 0 0 0 MARY JOY STEAD DIRECTOR 1.0 1.0 X 0 0 0 CARL W STUART DIRECTOR 1.0 1.0 X 0 0 0 GREGS G THOMOPULOS DIRECTOR 1.0 1.0 X 0 0 0 NATHAN R TROSS DIRECTOR 1.0 1.0 X 0 0 0 THOMAS J VEALE DIRECTOR 1.0 1.0 X 0 0 0 CATHERINE ZAHARIS DIRECTOR 1.0 1.0 X 0 0 0 CHRISTOPHER D DEWOLF DIRECTOR 1.0 1.0 X 0 0 0 MARK A KAUFMAN DIRECTOR 1.0 1.0 X 0 0 0 SOUMYO SARKAR DIRECTOR 1.0 1.0 X 0 0 0 STEPHEN H BELYN DIRECTOR 1.0 1.0 X 0 0 0 FREDERICK J CRAWFORD DIRECTOR 1.0 1.0 X 0 0 0 LOIS A EICHACKER DIRECTOR 1.0 1.0 X 0 0 0 BARBARA WILSON DIRECTOR 1.0 1.0 X 0 0 0 JOHN RUAN IV DIRECTOR 1.0 1.0 X 0 0 0 SUZANNE S YOON DIRECTOR 1.0 1.0 X 0 0 0 2980585 0 508022 66 false true false FUND EVALUATION GROUP PO BOX 639176 CINCINNATI OH 452639176 FINANCIAL CONSULTANT 707199 TEKSYSTEMS PO BOX 198568 ATLANTA GA 303848568 IT STAFFING SERVICES 468991 SALESFORCECOM INC PO BOX 203141 DALLAS TX 753203141 SOFTWARE CONSULTANTS 406631 HURON CONSULTING GROUP INC 550 W VAN BUREN ST CHICAGO IL 60607 SOFTWARE CONSULTANTS 271531 UC INNOVATION 2855 MICHELLE DRIVE IRVINE CA 92606 SOFTWARE CONSULTANTS 256800 13 130867878 4346060 130867878 Fundraising Revenue 900099 12640495 12640495 12640495 7229457 7229457 0 150483 150483 0 0 0 195696977 188180299 7516678 7516678 7516678 0 0 0 0 0 0 0 0 0 Investment Partnership 900099 8282336 8282336 Management & Service Fee Income 900099 278927 278927 IAM ADVERTISING 812900 17300 17300 8578563 166983554 12919422 8299636 14896618 150613558 150613558 0 0 0 2449551 498480 922246 1028825 119928 119928 22548019 2388691 6133538 14025790 2334167 249557 720529 1364081 3604149 353111 1102986 2148052 1598895 173179 437845 987871 0 44248 44248 72503 72503 0 422134 422134 0 1629224 1417425 211799 1339053 107864 1231189 731115 21358 702446 7311 2465006 278911 788802 1397293 0 922978 104433 295353 523192 678237 25909 652328 0 0 0 0 717078 717078 322502 322502 Printing/Publications 531618 318971 26581 186066 Staff Training & Development 318864 25787 181475 111602 Postage/Mail Handling 279165 167499 13958 97708 Recruitment 107365 107365 105460 105460 193954817 155327308 14004975 24622534 7005269 11279273 113467275 99587363 266242587 257259558 103296 24572 0 0 0 0 0 0 0 0 0 0 35841234 15699634 19991058 20141600 916924865 917365495 662058774 708437493 0 0 0 0 0 0 1985793124 2014095354 3107105 3476642 0 0 0 0 0 0 0 0 0 0 0 0 0 0 123030489 122159484 126137594 125636126 X 38947399 38363982 1820708131 1850095246 1859655530 1888459228 1985793124 2014095354 X -26971263 64013506 -8238545 X false true X true false X 137609643 149612835 114527131 243665790 130867878 776283277 0 0 137609643 149612835 114527131 243665790 130867878 776283277 110253297 666029980 5178184 4537380 2485918 1441877 7379940 21023299 1410412 2023584 0 0 7501486 10935482 1632274 1053177 254013 298864 278927 3517255 811759313 64113461 0.82048 0.82859 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1171472439 34557318 46977063 15032497 35113485 1202860838 1156953634 51473622 4484820 14720088 26719549 1171472439 897174223 52108756 244794087 12944963 24178469 1156953634 949800282 44863940 -59094103 13308027 25087869 897174223 917266520 37618974 29826318 12463343 22448187 949800282 0.00598 0.73521 0.25880 false false 5767350 5767350 27248839 13239344 14009495 2122251 1757496 364755 702794 702794 0 20141600 MANAGED SEPARATE INVESTMENT AC 624188614 F ASSETS IN LIVING TRUSTS 56941307 F INTEREST IN PERPETUAL TRUSTS 17650874 F CASH VALUE OF LIFE INSURANCE 8474522 F UI FACILITIES CORPORATION 1182176 F 708437493 0 Annuity and life income obligations 20709760 Amounts held on behalf of others 101449724 122159484 222919519 64013506 204795 64218301 158701218 8282336 8282336 166983554 194115821 161004 161004 193954817 193954817 SCHEDULE D, PART V, LINE 4 TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE INVESTMENT OBJECTIVE OF THE ENDOWMENT IS TO SEEK MAXIMUM TOTAL RETURN CONSISTENT WITH THE PRESERVATION OF PRINCIPAL, DIVERSIFICATION AND AVOIDANCE OF EXCESSIVE RISK. SCHEDULE D, PART X, LINE 2 THE UICA IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE UICA IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE UICA FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE UICA FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. IN ACCORDANCE WITH THAT GUIDANCE, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE UICA IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2020. THE UICA HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROCESS. SCHEDULE D, PART XI, LINE 2D REVENUES OF UNIVERSITY OF IOWA FACILITIES CORPORATION $ 204,795 SCHEDULE D, PART XI, LINE 4B INCOME FROM INVESTMENT K-1'S $8,282,336 SCHEDULE D, PART XII, LINE 2D EXPENSES OF UNIVERSITY OF IOWA FACILITIES CORPORATION $ 161,004 East Asia and the Pacific 0 0 PASSIVE INVESTMENTS 35730817 Europe (Including Iceland and Greenland) 0 0 PASSIVE INVESTMENTS 13565455 North America 0 0 PASSIVE INVESTMENTS 6018339 0 0 0 0 55314611 55314611 true false false true true false SCHEDULE I, PART I, LINE 3, COLUMN F ACCOUNTING METHOD IS FAIR MARKET VALUE SCHEDULE F, PART I THE ORGANIZATION RECEIVED CONTRIBUTIONS FROM DONORS OUTSIDE THE UNITED STATES DURING THE TAX YEAR. X X X X X true AMERGENT INC MAIL false 1079920 422134 657786 1079920 422134 657786 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI SCHEDULE G, PART I, LINE I AMERGENT, INC ADDRESS: 9 Centennial Dr., Peabody, MA, 01960 true STATE UNIVERSITY OF IOWA 4 JESSUP HALL IOWA CITY IA 522421316 426004813 SECTION 115 150613558 SEE PART IV 1 SCHEDULE I, PART I, LINE 2 GRANTS (OR TRANSFERS TO THE UNIVERSITY OF IOWA) FROM THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA) ARE SUBJECT TO UNIVERSITY OF IOWA AND UICA POLICIES AND PROCEDURES. BY SUBMISSION OF AN APPROVED REQUEST FOR TRANSFER OR EXPENDITURE, THE UNIVERSITY OF IOWA DEPARTMENT ACKNOWLEDGES THAT THE EXPENSE COMPLIES WITH DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. ALL TRANSFER REQUESTS MUST INCLUDE A WRITTEN DESCRIPTION OF THE NATURE, DATE, PURPOSE AND THE AMOUNT OF THE REIMBURSABLE EXPENSE AND SIGNATURE OF AN AUTHORIZED UNIVERSITY OF IOWA ACCOUNT REPRESENTATIVE. ULTIMATE EXPENDITURES FOR THE SPECIFIED PURPOSE MUST BE MADE THROUGH UNIVERSITY OF IOWA IN ACCORDANCE WITH ITS PURCHASING POLICIES. SUPPORTING DOCUMENTATION MUST BE ATTACHED OR BE AVAILABLE IF REQUESTED BY THE UICA. SCHEDULE I, PART II, LINE I, COLUMN H STUDENT FINANCIAL AID, RESEARCH, AND ACADEMIC PROGRAMS X X X X X X false false false false false false false false false LYNETTE L MARSHALL PRESIDENT 443618 0 103083 0 22790 0 29000 0 21139 0 619630 0 0 0 SHERRI P FURMAN CFO/TREASURER 213052 0 37207 0 6330 0 22333 0 13552 0 292474 0 0 0 DIANE K BROWNLEE SECRETARY 168218 0 19857 0 18949 0 19268 0 1686 0 227978 0 0 0 SHEILA BALDWIN VP/ASSISTANT SECRETARY 249450 0 32500 0 748 0 26771 0 32692 0 342161 0 0 0 JIM BETHEA CHIEF INVESTMENT OFFICER 295007 0 16071 0 748 0 29000 0 26608 0 367434 0 0 0 TOM K DEPRENGER VP PRINCIPAL GIFTS 203591 0 22173 0 6330 0 21276 0 29682 0 283052 0 0 0 LINDA A HARTFORD VP, CHIEF IT OFFICER 164825 0 21033 0 22591 0 20232 0 26730 0 255411 0 0 0 DEREK PENDERGAST VP, PRINCIPAL GIFTS 184062 0 20625 0 1097 0 19837 0 30903 0 256524 0 0 0 KEVIN COLLINS DEVELOPMENT OFFICER 181621 0 15498 0 1977 0 19062 0 31668 0 249826 0 0 0 ROBERT K CLARK VP MAIN CAMPUS DEVELOPMENT 222325 0 25091 0 22643 0 25046 0 15981 0 311086 0 0 0 COLIN HENNESSY VP ALUMNI AND DONOR ENGAGEMENT 91658 0 30000 0 187 0 10592 0 14973 0 147410 0 0 0 KURT LANGEL VP TALENT MANAGEMENT 112015 0 0 0 3615 0 11351 0 8640 0 135621 0 0 0 KATHARINE LASANSKY SEE PART V 119928 SALARY AND BENEFITS true SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: KATHARINE LASANSKY (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: KATHARINE IS EMPLOYED BY THE ORGANIZATION AND IS THE DAUGHTER OF LYNETTE MARSHALL, AN OFFICER OF THE ORGANIZATION. SCHEDULE L, PART IV THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT HAS A NEPOTISM POLICY THAT ADDRESSES THE EMPLOYMENT OF UICA EMPLOYEE, BOARD MEMBER AND OFFICER'S IMMEDIATE FAMILY MEMBERS. WHEN THE POLICY IS TRIGGERED; HIRING, COMPENSATION, AND REPORTING PROCEDURES ARE MODIFIED TO AVOID CONFLICTS OR THE APPEARANCE OF IMPROPRIETY. X 148 2596060 AVG OF HIGH AND LOW X 1 1750000 FAIR MARKET VALUE 2 false true false SCHEDULE M, PART I, COLUMN (B) REPORTING NUMBER OF CONTRIBUTIONS RECEIVED FORM 990, PART III, LINE 1 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 LOVES THE UNIVERSITY OF IOWA - ALUMNI, FANS, PATIENTS, ART LOVERS, STUDENTS, PARENTS AND FRIENDS - THROUGH PROGRAMMING, EVENTS AND OPPORTUNITIES TO GIVE BACK TO THE UNIVERSITY OF IOWA. THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT, AN OPERATIONAL NAME FOR THE STATE UNIVERSITY OF IOWA FOUNDATION, IS AN INDEPENDENT ORGANIZATION AND THE PREFERRED CHANNEL FOR PRIVATE CONTRIBUTIONS THAT BENEFIT ALL AREAS OF THE UNIVERSITY OF IOWA. FORM 990, PART III, LINE 4D GRANTS PROVIDING RESOURCES THE UNIVERSITY OF IOWA FOR FACULTY SUPPORT. EXPENSES: $25,208,484 GRANTS: $24,694,091 REVENUE: $2,118,226 GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR RESEARCH. EXPENSES: $26,131,773 GRANTS: $25,598,539 REVENUE: $2,195,807 STRENGTHEN THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT EFFORTS WITH ALUMNI AND DONORS. EXPENSES: $1,576,375 GRANTS: NONE REVENUE: NONE FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA) THROUGH ITS BYLAWS, DELEGATES AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AND EXERCISES ALL OF THE POWERS OF THE BOARD BETWEEN MEETINGS OF THE BOARD TO THE EXTENT PERMITTED BY LAW. REPORTS OF THE ACTION OF THE EXECUTIVE COMMITTEE ARE SUBMITTED TO THE BOARD AT ITS NEXT MEETING FOLLOWING THE ACT TAKEN BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND NOT FEWER THAN THREE OR MORE THAN NINE MEMBERS OF THE BOARD APPOINTED BY THE BOARD AT ITS ANNUAL MEETING. THE PRESIDENT OF THE STATE UNIVERSITY OF IOWA IS AN EX OFFICIO MEMBER WITH VOTING POWER. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 10A IOWA CLUBS WHICH HAVE BEEN RECOGNIZED BY THE STATE UNIVERSITY OF IOWA DBA UNIV OF IOWA CENTER FOR ADVANCEMENT 42-0796760 SERVE AS AN EXTENDING ARM FROM THE UNIVERSITY TO ITS ALUMNI AND FRIENDS IN GEOGRAPHICALLY DEFINED CLUB AREAS. IOWA CLUBS STRENGTHEN THE UNIVERSITY OF IOWA AND PROVIDE A NETWORK FOR ALUMNI THROUGH THE PLANNING AND IMPLEMENTATION OF A VARIETY OF SOCIAL, EDUCATIONAL, AND CULTURAL PROGRAMS. THE RECOGNIZED IOWA CLUB PROGRAM CATEGORIZES THREE ORGANIZATIONAL LEVELS OF CLUBS BASED UPON TYPES OF ACTIVITIES AND AMOUNT OF REVENUE GENERATED. RECOGNIZED IOWA CLUBS ANNUALLY COMPLETE SPECIFIC COMPLIANCE STANDARDS TO MAINTAIN THEIR RECOGNITION STATUS AND TO ACCESS CORRESPONDING CLUB RESOURCES PROVIDED BY THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA). EACH YEAR IOWA CLUBS COMPLETE A REPORT AND CERTIFICATION DOCUMENT TO INFORM THE UICA ABOUT ITS QUALIFYING ACTIVITIES AND COMPLIANCE. GENERAL GUIDELINES FOR TAX COMPLIANCE REPORTING ARE ALSO INCLUDED IN THIS HANDBOOK TO ADVISE CLUB VOLUNTEERS ABOUT REPORTING REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. A SUBCOMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A DETAILED REVIEW OF THE FORM 990. FOLLOWING THE DETAILED REVIEW, THE FINAL FORM 990 IS PROVIDED TO ALL BOARD MEMBERS TO REVIEW PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, BOARD COMMITTEE MEMBERS, AND OFFICERS (RESPONSIBLE PERSONS) OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA) HAVE A DUTY TO CONDUCT ACTIVITIES OF THE UICA WITH THE HIGHEST ETHICAL STANDARDS AND TO MAKE DECISIONS CONCERNING THE UICA SOLELY TO ADVANCE ITS MISSION AND INTERESTS. THIS CONFLICT OF INTEREST POLICY IS TO ASSIST THE UICA AND RESPONSIBLE PERSONS IN IDENTIFYING SITUATIONS THAT PRESENT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND TO SPECIFY PROCEDURES FOR MANAGING THEM. REPORTING PROCEDURES: EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AND SUBMIT A STATEMENT SETTING FORTH ANY AND ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT ARE ANTICIPATED TO OCCUR IN THE COMING FISCAL YEAR. THE ANNUAL STATEMENT WILL BE INITIALLY REVIEWED BY THE CHAIR OF THE BOARD. IN ADDITION TO THE ANNUAL DISCLOSURE STATEMENT, UPON BECOMING AWARE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST NOT PREVIOUSLY DISCLOSED, A RESPONSIBLE PERSON MUST PROMPTLY REPORT IN WRITING TO THE CHAIR OF THE BOARD. THE CHAIR'S ANNUAL STATEMENT AND SUPPLEMENTAL REPORTS, IF ANY, SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE. DETERMINATION OF THE CONFLICT: THE EXECUTIVE COMMITTEE, WITHOUT THE AFFECTED RESPONSIBLE PERSON PRESENT, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE MATERIAL FACTS OF THE RESPONSIBLE PERSON'S CONFLICTS OF INTEREST WILL BE DISCLOSED TO THE BOARD OF DIRECTORS. ACTION AND RECUSAL: THE BOARD SHALL DETERMINE WHETHER TO AUTHORIZE, APPROVE, OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLELY ON WHETHER IT IS IN THE BEST INTEREST OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT IN PERFORMING ITS MISSION. THE AUTHORIZATION, APPROVAL, AND RATIFICATION MUST BE ACCOMPLISHED BY AN AFFIRMATIVE VOTE, AS APPLICABLE, OF A MAJORITY OF THE DIRECTORS ON THE BOARD WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE ARRANGEMENT/TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL SERVE AS A COMPENSATION COMMITTEE IN FULFILLING THE BOARD'S OVERSIGHT RESPONSIBILITIES FOR DETERMINING THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION AND BENEFITS PAID TO THE PRESIDENT AND CEO, OTHER BOARD ELECTED OFFICIALS, AND KEY EMPLOYEES (COLLECTIVELY REFERRED TO AS DISQUALIFIED PERSONS). THE EXECUTIVE COMMITTEE SHALL PERFORM THE FOLLOWING RESPONSIBILITIES: (1) ESTABLISH PERFORMANCE CRITERIA, SET TERMS OF EMPLOYMENT, AND ESTABLISH TOTAL COMPENSATION ARRANGEMENT FOR THE PRESIDENT AND CEO. (2) IDENTIFY, WITH THE ASSISTANCE OF THE PRESIDENT, OTHER DISQUALIFIED PERSONS. (3) REVIEW AND APPROVE RECOMMENDATIONS OF THE PRESIDENT OF THE TERMS OF EMPLOYMENT AND TOTAL COMPENSATION OF ALL DISQUALIFIED PERSONS. THE EXECUTIVE COMMITTEE SHALL REGULARLY OBTAIN, REVIEW AND CONSIDER RELEVANT COMPARATIVE DATA OF COMPENSATION AND BENEFIT LEVELS PAID/PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS. THE STATE UNIVERSITY OF IOWA FOUNDATION ANNUALLY PERFORMS A COMPENSATION REVIEW FOR ALL OFFICERS, KEY EMPLOYEES, AND FIVE HIGHEST PAID EMPLOYEES. THE EXECUTIVE COMPENSATION SUBCOMMITTEE PERFORMED THE REVIEW IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST; INSTRUCTIONS FOR DOING SO ARE INCLUDED ON THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT WEBSITE (WWW.FORIOWA.ORG). FORM 990, PART XI, LINE 9 CHANGES IN NET ASSETS OF UNIVERSITY OF IOWA FACILITIES CORPORATION $ 43,791 INCOME FROM INVESTMENT K-1'S $(8,282,336) ------------ TOTAL $(8,238,545) UNIVERSITY OF IOWA FACILITIES CORPORATIO ONE WEST PARK ROAD IOWA CITY IA 52242 420931777 HOLD PROPERTY IA 501(C)(3) 12A UICA true STANLEY-UNIVERSITY OF IOWA FOUNDATION SU ONE WEST PARK ROAD IOWA CITY IA 52242 421129040 SUPPORT ORG IA 501(C)(3) 12A UICA true JACK R VOLLERTSEN ANNUITY TRUST US BANK PO BOX 2043 MILWAUKEE WI 53201 421284566 SUPPORT ORG IA 501(C)(3) 12C NA false CORDILLERA ROYALTY & INCOME FUND 3000 SAND HILL RD BLDG 3 STE 100 MENLO PARK CA 94025 844926324 RENTAL CA UICA EXCLUDED 4380546 62943980 false 296902 false 0.56627 false true false false false false false false false false false true false false true false true false true STANLEY UNIVERSITY OF IOWA FOUNDATION B 511984 BOARD APPROVAL STANLEY UNIVERSITY OF IOWA FOUNDATION Q 166758 FMV CORDILLERA ROYALTY & INCOME FUND B 5267927 FMV CORDILLERA ROYALTY & INCOME FUND S 3539415 FMV