State University of Iowa Foundation
79% goes to programs $16 to raise $100 Strong reserves Declining revenue
State University of Iowa Foundation is a 501(c)(3) organization based in Iowa City, Iowa, registered in 1957, with $202,489,213 in FY2024 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
1 W Park Rd, Iowa City, IA, 52242 EIN 42-0796760 Since 1957
Revenue (FY2024)
$202.5M
▲ 20.9% vs prior year
Education median: $200K
Expenses (FY2024)
$211.6M
Net assets
$2.2B
Employees
373
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating79% to programs · $16 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For State University of Iowa Foundation: 79% to programs · $16 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating122 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For State University of Iowa Foundation: 122 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For State University of Iowa Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For State University of Iowa Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To advance the university of iowa through engagement and philanthropy.
What they do
Grants providing resources the university of iowa for faculty support.
Grants providing resources to the university of iowa for student support.
Grants providing resources to the university of iowa for research.
Contact & location
- Address
- 1 W Park Rd, Iowa City, IA, 52242
- City
- Iowa City
- State
- Iowa
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $129.4M (FY2013) to $202.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $137.1MNet assets $2.2B
Operating margin
-4.5%
Spent more than it raised in the latest fiscal year.
Total assets
$2.3B
Total liabilities
$137.1M
Net assets
$2.2B
Salaries & benefits
$38.9M
18% of expenses
Board members
30
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $202,489,213▲20.9% | $211,635,173▲0.7% | $2,157,564,434▲6.4% | $2,294,681,117▲6.2% | 990 |
| 2023 | $167,554,150▲0.3% | $210,154,022▲8.4% | $2,027,376,730▲7.4% | $2,160,832,505▲7.3% | 990 |
| 2022 | $166,983,554▼42.7% | $193,954,817▲23.7% | $1,888,459,228▲1.5% | $2,014,095,354▲1.4% | 990 |
| 2021 | $291,450,810▲119% | $156,781,998▲19.2% | $1,859,655,530▲7.0% | $1,985,793,124▲6.5% | 990 |
| 2020 | $132,809,685▼25.9% | $131,529,480▼19.4% | $1,737,185,802▲22.6% | $1,864,654,286▲22.5% | 990 |
| 2019 | $179,293,850▲6.9% | $163,225,916▼1.2% | $1,416,972,898▼4.0% | $1,522,325,755▼4.1% | 990 |
| 2018 | $167,778,609▲7.9% | $165,286,838▲12.3% | $1,476,737,498▲3.1% | $1,587,579,883▲2.4% | 990 |
| 2017 | $155,428,680▼14.4% | $147,235,220▼8.7% | $1,431,935,383▲7.7% | $1,549,929,675▲6.5% | 990 |
| 2016 | $181,639,162▲13.2% | $161,224,588▲30.0% | $1,329,190,322▲8.9% | $1,455,176,704▲8.1% | 990 |
| 2015 | $160,457,686▲22.2% | $124,057,599▲3.4% | $1,220,221,663▲2.5% | $1,345,916,667▲1.8% | 990 |
| 2014 | $131,266,299▲1.5% | $119,939,617▲4.1% | $1,190,068,145▲3.2% | $1,321,744,143▲2.6% | 990 |
| 2013 | $129,355,382 | $115,179,586▲6.6% | $1,153,409,851▲11.3% | $1,287,787,033▲11.1% | 990 |
| 2012 | — | $108,051,099▼5.2% | $1,035,843,992▲8.3% | $1,159,074,599▲8.4% | 990 |
| 2011 | — | $113,922,455▲27.2% | $956,886,938▼5.0% | $1,069,733,072▼4.6% | 990 |
| 2010 | — | $89,548,753 | $1,007,373,315 | $1,121,789,111 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Lynette L Marshall — $624,000 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lynette L Marshall | President | 40 | $624,000 |
| Sheila Baldwin | Vp/assistant Secretary | 40 | $375,036 |
| Jim Bethea | Chief Investment Officer | 40 | $348,408 |
| Sherri P Furman | Cfo/treasurer (until 4/25/25) | 40 | $329,943 |
| Robert K Clark | Asst Vp - Data Analytics | 40 | $286,806 |
| Colin Hennessy | Vp Alumni and Donor Engagement | 40 | $281,179 |
| Tom K Deprenger | Vp Principal Gifts | 40 | $252,326 |
| Diane K Brownlee | Secretary | 40 | $242,953 |
| Linda A Hartford | Vp, Chief It Officer | 40 | $241,978 |
| Derek Pendergast | Vp, Principal Gifts | 40 | $232,903 |
| Kevin Collins | Assoc Vp Development | 40 | $219,162 |
| Laura Seamans | Vp - Talent Management | 40 | $215,344 |
| Tara Sterba | Treasurer (effective 4/25/25) | 40 | $166,373 |
| Andrew W Code | Chair/director | 1 | — |
| Barbara A Mckenzie | Director | 1 | — |
| Barbara Wilson | Director (ex Officio) | 1 | — |
| Bruce E Ringdahl | Director | 1 | — |
| Carl W Stuart | Director | 1 | — |
| Carol Havemann-lynch | Director | 1 | — |
| Casey D Mahon | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Huron Consulting Group Inc | Software Consultants | $1,231,370 |
| T&k Roofing Company Inc | Roofing Company | $806,804 |
| Cx Marketing LLC | Fundraising Mailings | $694,943 |
| Fund Evaluation Group LLC | Financial Consultant | $685,871 |
| Salesforcecom Inc | Software Consultants | $626,065 |
Grants received · $108.0M total
537 grants to State University of Iowa Foundation totaling $108.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $1,413,800 |
| American Online Giving Foundation Inc | General support | 2024 | $1,175,131 |
| Community Fdn of Greater Des Moines | Kevin and mary krause family women's basketball scholarship. | 2024 | $1,000,000 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $705,000 |
| American Endowment Foundation | Educational | 2024 | $516,834 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $460,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $437,473 |
| The Seattle Foundation | Scholarship fund | 2024 | $400,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $175,400 |
| Charities Aid Foundation America | Charitable donation | 2024 | $141,506 |
| St Louis Community Foundation Incorporated | Baseball stadium renovations campaign. any benefits of tangible value are declined, such that the grant may be entirely charitable, the stephen and mary kay corbeil graduate assistant scholarship, acct# 30-470-045, baseball development fund | 2024 | $126,000 |
| Community Fdn of Greater Des Moines | Grant distribution for vaughan institute leadership excellence fund | 2024 | $100,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $100,000 |
| The Seattle Foundation | To support the mark j. gilbert, m.d. and karen h. simmonds, j.d., research fund | 2024 | $100,000 |
| Community Fdn of Greater Des Moines | The rovner family neuromuscular research fund | 2024 | $50,000 |
Grants made · $162.7M in FY2024
1 grant totaling $162.7M in FY2024. All grants made by State University of Iowa Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| State University of Iowa | See part iv | $162,708,366 |
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Frequently asked questions
- Is State University of Iowa Foundation a legitimate nonprofit?
- Yes. State University of Iowa Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0796760, based in Iowa City, Iowa. Donations are tax-deductible.
- What is State University of Iowa Foundation's EIN?
- State University of Iowa Foundation's Employer Identification Number (EIN) is 42-0796760.
- How much revenue does State University of Iowa Foundation report?
- State University of Iowa Foundation reported $202,489,213 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of State University of Iowa Foundation's spending goes to programs?
- State University of Iowa Foundation spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does State University of Iowa Foundation have?
- CharityIndex grades State University of Iowa Foundation A, based on program efficiency and fundraising cost.
- How much does State University of Iowa Foundation's highest-paid employee make?
- The highest reported compensation on State University of Iowa Foundation's latest Form 990 is $624,000, paid to Lynette L Marshall (President).
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Data for State University of Iowa Foundation (EIN 42-0796760) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.