University of Iowa Strategic Initiatives Fund is a 501(c)(3) organization based in Iowa City, Iowa, registered in 2022, with $66,071,839 in FY2024 revenue. CharityIndex grades it B, and it directs about 99% of spending to programs.
Revenue (FY2024)
$66.1M
▲ 77.5% vs prior year
Education median: $200K
Expenses (FY2024)
$26.0M
Net assets
$1.2B
Employees
0
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 University of Iowa Strategic Initiatives Fund: 99% to programs earns a A+ on this criterion. See the exact thresholds →
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 University of Iowa Strategic Initiatives Fund: 567 mo reserves · +61% margin earns a B+ on this criterion. See the exact thresholds →
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 University of Iowa Strategic Initiatives Fund: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
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 University of Iowa Strategic Initiatives Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Support the state university of iowa's strategic plan implementation by providing grants for scientific research and educational activities and subsidizing utility expenses.
A campus-wide learning@iowa framework to increase students' academic success most students starting college have not received guidance on how to learn for success in collegiate settings. this program will develop and implement the learning@iowa framework to transform the culture of learning throughout campus, spanning a variety of academic courses, residence hall settings, academic advising sessions, and more. the project uses empirically proven learning methods from cognitive science that have been demonstrated to have positive effects on student learning and progress toward degree.
The iowa health data resource: building the future of health informatics at the university of iowa analyzing patient data plays a central and critical role in advancing research across the broad spectrum of healthcare. this project will improve how the ui research community accesses and utilizes health science data by establishing the iowa health data resource (ihdr) on which future health informatics research initiatives can be built. this will position the ui as a national competitor for building interdisciplinary programs for next-generation research, curriculum, and student-engaged research development.
Examining and tailoring academic policies to enhance undergraduate student success and equity this project examines the impact of academic probation and course placement at the ui, with a goal of tailoring policies and practices to promote overall student success and to foster equity in student outcomes. team members will collaborate with key campus stakeholders to implement changes at the collegiate level. the project is expected to positively impact undergraduate student retention and graduation rates.
Revenue grew from $16.1M (FY2020) to $66.1M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
60.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$0
Net assets
$1.2B
Salaries & benefits
$0
0% of expenses
Board members
3
1 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $66,071,839▲77.5% | $25,959,537▲13.7% | $1,227,119,293▲6.3% | $1,227,119,293▲6.3% | 990 |
| 2023 | $37,232,112▲38.8% | $22,833,554▲12.4% | $1,153,998,796▲6.2% | $1,153,998,796▲6.2% | 990 |
| 2022 | $26,829,794▲44.9% | $20,322,321▲54.6% | $1,086,415,530▲3.7% | $1,086,415,530▲3.7% | 990 |
| 2021 | $18,514,853▲15.2% | $13,141,392▲75.2% | $1,048,103,644▼6.9% | $1,048,103,644▼6.9% | 990 |
| 2020 | $16,066,757 | $7,500,000 | $1,125,258,541 | $1,125,258,541 | 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.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Audra Haddy | Secretary | 2 | — |
| Erik Lie | Director | 2 | — |
| Jc Risewick | Vice President and Director | — | — |
| Rodney Lehnertz | President & Director | 2 | — |
| Susan Klatt | Secretary (through 9/10/24) | 2 | — |
| Terry Johnson | Treasurer | 2 | — |
1 grant to University of Iowa Strategic Initiatives Fund totaling $292K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Strada Education Foundation Inc | Operating grant | 2024 | $291,870 |
1 grant totaling $25.6M in FY2024. All grants made by University of Iowa Strategic Initiatives Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| State University of Iowa | Strategic funding initiatives | $25,627,000 |
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Data for University of Iowa Strategic Initiatives Fund (EIN 84-4628214) 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.