2023-11-09T13:17:42-06:00 2023-06-30 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-07-01 420931777 UNIVERSITY OF IOWA FACILITIES CORPORATION % SHERRI P FURMAN UNIV 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 3 2022 2023-04-26 12:10:37Z LYNETTE MARSHALL PO BOX 4550 IOWA CITY IA 522444550 204796 false X N/A X 1967 IA THE UNIVERSITY OF IOWA FACILITIES CORPORATION ACQUIRES AND HOLDS PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA. 9 9 0 9 0 0 0 0 0 304 1124 17511 69615 17815 70739 0 0 0 0 0 0 0 0 0 15277 26947 15277 26947 2538 43792 1140934 1184108 2550 1932 1138384 1182176 THE UNIVERSITY OF IOWA FACILITIES CORPORATION ACQUIRES AND HOLDS PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA. false false 0 0 0 ACQUIRE AND HOLD PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA. 0 true false false false false false false false false false true false false false false true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true true false false false true 1 0 true 0 false false false false false false false false false false false false X 9 9 true false true false false true false true true false false true true true true true true false false false X SHERRI P FURMAN 3193353305 PO BOX 4550 IOWA CITY IA 522444550 LYNETTE L MARSHALL PRESIDENT 1.0 40.0 X X 0 569491 50139 SHEILA BALDWIN VICE PRES/ASSIST SECRETARY 1.0 40.0 X 0 282698 59463 SHERRI P FURMAN TREASURER 1.0 40.0 X 0 256589 35885 DIANE K BROWNLEE SECRETARY 1.0 40.0 X 0 207024 20954 ANDREW W CODE CHAIR/DIRECTOR BEG 04/23 1.0 1.0 X X 0 0 0 JANICE ELLIG VICE CHAIR/DIRECTOR 1.0 1.0 X X 0 0 0 P SUE BECKWITH MD DIRECTOR 1.0 1.0 X 0 0 0 BARBARA A MCKENZIE DIRECTOR 1.0 1.0 X 0 0 0 CAROL HAVENMANN-LYNCH DIRECTOR 1.0 1.0 X 0 0 0 CHRIS DEWOLF DIRECTOR 1.0 1.0 X 0 0 0 CASSANDRA S FOENS MD DIRECTOR 1.0 1.0 X 0 0 0 THOMAS J VEALE DIRECTOR 1.0 1.0 X 0 0 0 BARBARA WILSON DIRECTOR 1.0 1.0 X 0 0 0 KEVIN R GRUNEICH DIRECTOR END 04/23 1.0 1.0 X 0 0 0 THOMAS R HANSON DIRECTOR END 04/23 1.0 1.0 X 0 0 0 DALE E BAKER DIRECTOR END 04/23 1.0 1.0 X 0 0 0 MIEKELEEN HART DIRECTOR END 04/23 1.0 1.0 X 0 0 0 DAVID A HOAK DIRECTOR END 07/22 1.0 1.0 X 0 0 0 KATHERINE A PETERSEN LINDER DIRECTOR END 09/22 1.0 1.0 X 0 0 0 CASEY D MAHON DIRECTOR END 04/23 1.0 1.0 X 0 0 0 JAMES W CARNEY DIRECTOR END 04/23 1.0 1.0 X 0 0 0 BRUCE E RINGDAHL DIRECTOR END 04/23 1.0 1.0 X 0 0 0 DYAN C SMITH DIRECTOR END 04/23 1.0 1.0 X 0 0 0 MARY JOY STEAD DIRECTOR END 04/23 1.0 1.0 X 0 0 0 CARL W STUART DIRECTOR END 04/23 1.0 1.0 X 0 0 0 GREGS G THOMOPULOS DIRECTOR END 04/23 1.0 1.0 X 0 0 0 NATHAN R TROSS DIRECTOR END 04/23 1.0 1.0 X 0 0 0 KATHELEEN A DORE DIRECTOR END 09/22 1.0 1.0 X 0 0 0 CATHERINE ZAHARIS DIRECTOR END 04/23 1.0 1.0 X 0 0 0 NOLDEN GENTRY DIRECTOR END 09/22 1.0 1.0 X 0 0 0 MARK A KAUFMAN DIRECTOR END 04/23 1.0 1.0 X 0 0 0 SOUMYO SARKAR DIRECTOR END 04/23 1.0 1.0 X 0 0 0 STEPHEN H BELYN DIRECTOR END 04/23 1.0 1.0 X 0 0 0 FREDERICK J CRAWFORD DIRECTOR END 04/23 1.0 1.0 X 0 0 0 LOIS A EICHACKER DIRECTOR END 04/23 1.0 1.0 X 0 0 0 PERRY A GLASSGOW DIRECTOR END 04/23 1.0 1.0 X 0 0 0 0 1315802 166441 0 false true false 0 0 0 1124 1124 0 0 203672 134057 69615 0 69615 69615 0 0 0 0 0 0 0 0 0 0 0 70739 70739 0 0 0 0 0 0 0 0 0 0 16038 16038 7779 7779 3130 3130 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26947 0 26947 0 321583 402691 0 0 0 0 0 155 0 0 0 0 0 0 0 0 0 0 1633227 851965 819351 781262 0 0 0 0 0 0 0 0 0 0 1140934 1184108 2550 1932 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2550 1932 X 1138384 1182176 0 0 1138384 1182176 1140934 1184108 43792 X false true X true false X X X 1 UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT 420796760 5 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 55000 55000 756684 30422 726262 821543 821543 0 781262 0 0 SCHEDULE D, PART X, LINE 2 THE UNIVERSITY OF IOWA FACILITIES CORPORATION IS INCLUDED IN THE CONSOLIDATED AUDIT REPORT FOR THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA). THE FOLLOWING WORDING IS INCLUDED IN THE CONSOLIDATED AUDIT REPORT. 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. false false false false false false false false false LYNETTE L MARSHALL PRESIDENT 0 443618 0 103083 0 22790 0 29000 0 21139 0 619630 SHERRI P FURMAN TREASURER 0 213052 0 37207 0 6330 0 22333 0 13552 0 292474 DIANE K BROWNLEE SECRETARY 0 168218 0 19857 0 18949 0 19268 0 1686 0 227978 SHEILA BALDWIN VICE PRES/ASSIST SECRETARY 0 249450 0 32500 0 748 0 26771 0 32692 0 342161 Schedule J, Part II OFFICERS ARE COMPENSATED BY THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA), A RELATED 501(C)(3) ORGANIZATION. UICA USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION STUDY AND APPROVAL BY THE BOARD TO SET COMPENSATION. A UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364TS3 2014-05-22 8255393 REFUND PRIOR BONDS (10/11/05) false true false B UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364UJ1 2015-04-16 18945180 REFUND PRIOR BONDS (09/06/06) false true false C UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364WG5 2019-10-17 32163271 CONSTRUCTION & EQUIPMENT BUILDING false true false D UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364WX8 2020-06-25 34318524 SEE PART VI false true false A 6370000 0 8263624 841236 3225 0 116256 0 0 0 8144144 0 2006 false true true true B 8175000 0 19001021 1643505 5600 0 301396 0 0 0 18694025 0 2007 false true true true C 1860000 0 32346846 0 44391 0 286618 0 0 32015838 0 0 2022 false false true true D 1000000 0 34318524 0 3973 0 337343 0 0 0 33977208 0 2014 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false true false true true 0.00210 0.00210 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false true true false false 0 false 0 false true D false false true true false false 0 false 0 false true A true B true C true D true B UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364XQ2 2021-05-31 36424781 SEE PART VI false true false B 4710000 0 36424782 0 0 0 236346 0 0 0 36188436 0 2014 true false true true B false true false true true 0.01020 0.00000 0.01020 false false false true B false false true true false false 0 false 0 false true B true SCHEDULE K, PART I, LINE D, COLUMN F (GROUP 1) REFUND PRIOR BONDS (06/29/2010, 03/04/10, 08/31/11) SCHEDULE K, PART I, LINE A, COLUMN F (GROUP 2) REFUND PRIOR BONDS (03/08/12, 05/24/12, 08/29/12) SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN SCHEDULE K, PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4-12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C (A) ISSUER NAME: UNIVERSITY OF IOWA FACILITIES CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2023 (A) ISSUER NAME: UNIVERSITY OF IOWA FACILITIES CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2019 (A) ISSUER NAME: UNIVERSITY OF IOWA FACILITIES CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2021 SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. (A) ISSUER NAME: UNIVERSITY OF IOWA FACILITIES CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 08/01/2020 SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. (A) ISSUER NAME: UNIVERSITY OF IOWA FACILITIES CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2021 SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY OF IOWA FACILITIES CORPORATION'S BOARD OF DIRECTORS 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. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND AT LEAST TWO OTHER MEMBERS OF THE BOARD. IN ADDITION, THE PRESIDENT OF THE 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 A, LINE 2 ALL OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 AN AMENDMENT TO THE BYLAWS WAS APPROVED ON 4/28/2023 DECREASING THE MAXIMUM NUMBER OF AUTHORIZED DIRECTORS CURRENTLY PERMITTED IN THE BYLAWS FROM THIRTY-ONE (31) TO NINE (9), INCLUSIVE OF THE PRESIDENT OF THE UNIVERSITY OF IOWA WHO SHALL REMAIN AN EX OFFICIO DIRECTOR WITH VOTING POWER. THE MINIMUM NUMBER OF AUTHORIZED DIRECTORS SHALL REMAIN AT THREE (3). FORM 990, PART VI, SECTION B, LINE 7A AS PROVIDED IN THE BYLAWS, THE BOARD OF DIRECTORS OF THE ORGANIZATION IS TO BE ELECTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE ACCOUNTING STAFF AT THE STATE UNIVERSITY OF IOWA FOUNDATION CONDUCTS A DETAILED REVIEW OF THE FORM 990. FOLLOWING THE DETAILED REVIEW, THE PREPARED FORM 990 IS MAILED TO ALL BOARD MEMBERS TO REVIEW PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY OF IOWA FACILITIES CORPORATION'S (UIFC) BOARD OF DIRECTORS, BOARD COMMITTEE MEMBERS AND OFFICERS (RESPONSIBLE PERSONS) HAVE A DUTY TO CONDUCT ACTIVITIES OF THE UIFC WITH THE HIGHEST ETHICAL STANDARDS AND TO MAKE DECISIONS CONCERNING THE UIFC SOLELY TO ADVANCE ITS MISSION AND INTERESTS. THE CONFLICT OF INTEREST POLICY IS TO ASSIST THE UIFC AND RESPONSIBLE PERSONS IN IDENTIFYING SITUATIONS THAT PRESENT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND TO SPECIFY PROCEDURES FOR MANAGING THEM. (1) REPORTING PROCEDURES: EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AND SUBMIT TO THE UIFC 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 SHALL DISCLOSE, AS FULLY AS POSSIBLE, THE CIRCUMSTANCES OF EACH ACTUAL OR POTENTIAL CONFLICT. 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 PREVIOUSLY UNDISCLOSED CIRCUMSTANCES. THE CHAIR'S ANNUAL STATEMENT AND SUPPLEMENTAL REPORTS, IF ANY, SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE. (2) DETERMINATION OF CONFLICT: THE EXECUTIVE COMMITTEE, WITHOUT THE AFFECTED RESPONSIBLE PERSON PRESENT, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. (3) ACTION AND RECUSAL: THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER TO AUTHORIZE, APPROVE OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLELY ON WHETHER IT IS IN THE BEST INTERESTS OF UIFC IN PERFORMING ITS MISSION. THE AUTHORIZATION, APPROVAL OR RATIFICATION MAY NOT BE MADE BY A SINGLE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. UNIV OF IOWA CENTER FOR ADVANCEMENT PO BOX 4550 IOWA CITY IA 522444550 420796760 FUNDRAISING IA 501(C)(3) 5 NA false STANLEY UNIVERSITY OF IOWA SUPPORT ORG PO BOX 4550 IOWA CITY IA 522444550 421129040 SUPPORT ORG IA 501(C)(3) 12A UICA true false false false false false false false false false false false false false false true true false false false