Upper Iowa University
76% goes to programs $39 to raise $100 Declining revenue
Upper Iowa University is a 501(c)(3) organization based in Fayette, Iowa, registered in 1955, with $49,001,254 in FY2024 revenue. CharityIndex grades it B+, and it directs about 76% of spending to programs.
605 Washington St, Fayette, IA, 52142 EIN 42-0680372 Since 1955
Revenue (FY2024)
$49.0M
▲ 1.2% vs prior year
Education median: $200K
Expenses (FY2024)
$52.5M
Net assets
$24.0M
Employees
922
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating76% to programs · $39 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 Upper Iowa University: 76% to programs · $39 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating5 mo reserves · -7% 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 Upper Iowa University: 5 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Upper Iowa University: 5 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 Upper Iowa University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Upper iowa university provides quality educational opportunities accessible through varied delivery methods to inspire success and empower lives.
What they do
Auxiliary enterprises - residence halls, food services, logo store, etc. for the above students. university offers different types of housing available for students including traditional dorms, suite style living, and apartment style living. the university also offers five different meal plan options to best serve students' needs, from a traditional student living on campus or a commuter.
Institutional support - provide support to internal operations of the university such as information technology, human resources, business office, facilities, etc.
Contact & location
- Address
- 605 Washington St, Fayette, IA, 52142
- City
- Fayette
- State
- Iowa
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $68.6M (FY2013) to $49.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $81.8MNet assets $24.0M
Operating margin
-7.1%
Spent more than it raised in the latest fiscal year.
Total assets
$105.8M
Total liabilities
$81.8M
Net assets
$24.0M
Salaries & benefits
$21.5M
41% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $49,001,254▲1.2% | $52,478,722▲1.6% | $24,013,185▼3.7% | $105,804,386▼4.4% | 990 |
| 2023 | $48,439,105▼10.1% | $51,639,881▼18.9% | $24,928,672▼1.7% | $110,702,954▲1.8% | 990 |
| 2022 | $53,872,408▼10.7% | $63,666,124▼1.5% | $25,364,686▼28.4% | $108,758,779▼3.1% | 990 |
| 2021 | $60,335,921▼5.9% | $64,641,587▼1.0% | $35,434,147▼19.0% | $112,257,129▼4.3% | 990 |
| 2020 | $64,089,593▼3.8% | $65,279,904▼8.0% | $43,731,754▲13.5% | $117,313,002▲2.7% | 990 |
| 2019 | $66,646,644▼2.8% | $70,994,941▲0.4% | $38,536,457▼9.4% | $114,220,726▼5.7% | 990 |
| 2018 | $68,550,659▲1.0% | $70,721,590▲0.6% | $42,537,675▼7.1% | $121,095,876▼2.4% | 990 |
| 2017 | $67,898,657▲20.0% | $70,300,155▲0.7% | $45,771,510▼2.0% | $124,013,890▼1.6% | 990 |
| 2016 | $56,593,818▼23.0% | $69,798,385▼4.4% | $46,702,953▼19.3% | $126,047,403▼6.9% | 990 |
| 2015 | $73,505,221▼3.6% | $72,976,928▼0.2% | $57,839,058▲0.1% | $135,359,400▼0.7% | 990 |
| 2014 | $76,273,426▲11.2% | $73,128,023▲6.0% | $57,803,238▲5.2% | $136,319,704▲3.3% | 990 |
| 2013 | $68,572,391 | $69,018,234▼1.3% | $54,927,264▼0.7% | $131,934,478▼0.7% | 990 |
| 2012 | — | $69,895,753▲9.4% | $55,288,826▼11.8% | $132,822,879▲9.9% | 990 |
| 2011 | — | $63,882,393▼11.8% | $62,710,450▲23.1% | $120,902,704▲19.5% | 990 |
| 2010 | — | $72,442,255 | $50,924,970 | $101,166,948 | 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: Kathy Franken — $280,076 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathy Franken | President and Cfo | 80 | $280,076 |
| Doug Binsfeld | Vp Academic Affairs | 60 | $176,531 |
| William Duffy | Former: Emeritus President | 40 | $167,375 |
| Billie Cowley | Dean, Academic & Ed. Affairs | 60 | $118,490 |
| Rick Hartzell | Vp of Athletics | 60 | $114,985 |
| Ty Davis Vp of | Residential Admissions & Retention | 60 | $104,985 |
| Jennifer Webb | Vp, Distance Education Enrollment | 60 | $104,791 |
| Angie Joseph | Trustee | 2 | — |
| Bill Cook | Trustee | 2 | — |
| Brian Sims | Trustee | 2 | — |
| David Vaudt | Trustee | 2 | — |
| Dennis Murdock | Trustee | 2 | — |
| Jeremy Masterson | Trustee | 2 | — |
| John Falb | Trustee | 2 | — |
| Josem Diaz | Trustee | 2 | — |
| La'mont Williams | Trustee | 2 | — |
| Margaret Lawson | Trustee | 2 | — |
| Mary Cheddie | Trustee | 2 | — |
| Mike Prochaska | Trustee | 2 | — |
| Nancy Betz | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Services Inc | Food Service | $2,286,596 |
| Local Iqgannett Iowa | Advertising | $1,787,616 |
| Mbs Direct LLC | Bookstore | $578,027 |
| Beau Pere Real Estate | Rent Payments | $513,929 |
| Jenzabar Inc | Software | $512,236 |
Grants received · $814K total
33 grants to Upper Iowa University totaling $814K, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Upper Iowa University a legitimate nonprofit?
- Yes. Upper Iowa University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0680372, based in Fayette, Iowa. Donations are tax-deductible.
- What is Upper Iowa University's EIN?
- Upper Iowa University's Employer Identification Number (EIN) is 42-0680372.
- How much revenue does Upper Iowa University report?
- Upper Iowa University reported $49,001,254 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Upper Iowa University's spending goes to programs?
- Upper Iowa University spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Upper Iowa University have?
- CharityIndex grades Upper Iowa University B+, based on program efficiency and fundraising cost.
- How much does Upper Iowa University's highest-paid employee make?
- The highest reported compensation on Upper Iowa University's latest Form 990 is $280,076, paid to Kathy Franken (President and Cfo).
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Data for Upper Iowa University (EIN 42-0680372) 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.