2024-05-13T17:26:06-05:00 2023-06-30 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2022-07-01 391896362 UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION UNIV 3192737118 205 COMMONS UNI CEDAR FALLS IA 506140282 STACY ROBINSON VP/TREASURER 3192737118 2024-04-24 1 STACY ROBINSON 999009999 0 KATHY FAIRCHILD P00222608 5155586600 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JIM JERMIER 205 COMMONS UNI CEDAR FALLS IA 506140282 40068 0 X N/A X 1997 IA ADVANCE, DEVELOP, INCREASE & EXTEND THE PROGRESS OF SCIENCE & USEFUL ARTS THROUGH ENCOURAGING & ASSISTING INVESTIGATION, RESEARCH & EDUCATION AT THE UNIVERSITY OF NORTHERN IOWA. 15 14 0 15 0 0 0 0 0 0 0 0 35599 40068 35599 40068 0 0 0 0 0 0 0 0 0 21866 18679 21866 18679 13733 21389 70367 44383 310780 263407 -240413 -219024 X THE UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION'S MISSION IS TO ADVANCE, DEVELOP, INCREASE & EXTEND THE PROGRESS OF SCIENCE & USEFUL ARTS THROUGH ENCOURAGING & ASSISTING INVESTIGATION, RESEARCH & EDUCATION AT THE UNIVERSITY OF NORTHERN IOWA BY FURNISHING THE MEANS, METHODS AND AGENCIES BY WHICH IDEAS, CREATIONS, DISCOVERIES, INVENTIONS AND PROCESSES MAY BE PROTECTED AND THE USES THEREOF DETERMINED AND SAFEGUARDED FOR THE PUBLIC, AND TO MANAGE, LICENSE AND DISPOSE OF PROPRIETARY RIGHTS IN IDEAS, CREATIONS, DISCOVERIES, INVENTIONS AND PROCESSES OF ANY NATURE. 0 0 17893 40068 AS PART OF THE UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION'S EFFORTS TO FURNISH THE MEANS, METHODS AND AGENCIES BY WHICH IDEAS, CREATIONS, DISCOVERIES, INVENTIONS AND PROCESSES MAY BE PROTECTED AND THE USES THEREOF DETERMINED AND SAFEGUARDED FOR THE PUBLIC, THE ORGANIZATION RECIEVED A SHARE OF THE ROYALTIES TO 4 INDIVIDUALS FOR 4 INVENTIONS OR INTELLECTUAL PROPERTIES AND THEIR RESPECTIVE SPONSORING UNITS AT THE UNIVERSITY OF NORTHERN IOWA. RESEARCH, LEGAL FEES, LICENSE/PATENT RENEWAL FOR THE PROTECTION OF PROPRIETARY RIGHTS TO INTELLECTUAL PROPERTY. 17893 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X STACY ROBINSON 3192737118 121 COMMONS CEDAR FALLS IA 506130239 JIM JERMIER PRESIDENT 1.00 40.50 X X 0 237116 49744 STACY ROBINSON TREASURER 1.00 40.50 X 0 119899 24630 HILLERY OBERLE VICE PRESIDENT 1.00 40.00 X 0 109121 23148 MEGAN STULL VP/SECRETARY 1.00 40.50 X 0 82973 9043 JORGEN HEIDEMANN TRUSTEE & CO-CHAIR 2.00 1.00 X X 0 0 0 RANDY PILKINGTON TRUSTEE & CO-CHAIR 2.00 0.00 X X 0 0 0 LINDA COOK TRUSTEE 1.00 1.50 X 0 0 0 BILL HARDWOOD TRUSTEE 1.00 1.00 X 0 0 0 RICH JAMES TRUSTEE 1.00 1.00 X 0 0 0 GUANG JIN TRUSTEE (UNTIL 10/22) 1.00 1.00 X 0 0 0 PAUL KINGHORN TRUSTEE 1.00 0.00 X 0 0 0 MARK KITTRELL TRUSTEE 1.00 0.00 X 0 0 0 KATIE MULHOLLAND TRUSTEE 1.00 1.00 X 0 0 0 ALYSSA NOLTE TRUSTEE 1.00 1.00 X 0 0 0 MARK NOOK TRUSTEE 1.00 1.00 X 0 0 0 DUANE SMITH TRUSTEE 1.00 1.00 X 0 0 0 DAVID TAKES TRUSTEE 1.00 1.00 X 0 0 0 BOBBIE WILLIAMS TRUSTEE 1.00 1.00 X 0 0 0 MIKE YOUNG TRUSTEE 1.00 1.00 X 0 0 0 0 549109 106565 0 0 1 0 0 40068 40068 40068 40068 0 0 786 786 17893 17893 18679 17893 786 0 X 70367 37643 0 6740 70367 44383 780 3407 310000 260000 310780 263407 X -240413 -219024 -240413 -219024 70367 44383 21389 0 X 0 1 X 1 0 X X 1 UNIVERSITY OF NORTHERN IOWA FNDN 426058591 5 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 OTHER RECEIVABLES 6740 6740 DUE TO UNI FOUNDATION 260000 260000 X PART X, LINE 2: ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740-10 THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THUS, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE ORGANIZATION FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BENG REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE ORGANIZATION APPLIED THE UNCERTAIN TAX POSITION GUIDANCE TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS AS OF THAT DATE. THE ORGANIZATION DOES NOT BELIEVE THERE IS ANY UNCERTAINTY WITH RESPECT TO ITS TAX POSITION WHICH WOULD RESULT IN A MATERIAL CHANGE TO THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 JIM JERMIER PRESIDENT 0 231368 0 0 0 5748 0 23477 0 26267 0 286860 0 0 FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO HAVE THE POWER TO ELECT THE BOARD OF UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION IS ELECTED BY A MAJORITY VOTE OF THE UNIVERSITY OF NORTHERN IOWA FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FILING ORGANIZATION UTILIZES AN INDEPENDENT ACCOUNTING FIRM TO COMPLETE THE FORM 990 AND RELATED SCHEDULES. MANAGEMENT REVIEWS THE FORM 990. UPON MANAGEMENT APPROVAL OF THE FORM 990, THE AUDIT COMMITTEE REVIEWS THE ENTIRE FORM 990 AND SCHEDULES. A COPY OF FORM 990 IS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS. ANNUALLY, THESE INDIVIDUALS COMPLETE A QUESTIONNAIRE TO IDENTIFY POTENTIAL AND/OR ACTUAL CONFLICTS. THE VICE PRESIDENT/TREASURER REVIEWS THE RESPONSES TO DETERMINE IF ANY CONFLICTS EXIST. THE ORGANIZATION HAS HAD NO CONFLICTS AS OF JUNE 30, 2023. SHOULD ANY POTENTIAL OR ACTUAL CONFLICTS ARISE FROM THE QUESTIONNAIRES, STEPS WOULD BE TAKEN TO DETERMINE IF A CONFLICTED INDIVIDUAL SHOULD BE RESTRICTED FROM PARTICIPATING IN RELATED DELIBERATIONS. FORM 990, PART VI, SECTION C, LINE 18 UNIRF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND OTHER REQUIRED DISCLOSURES AVAILABLE UPON REQUEST. THE ORGANIZATION POSTS ITS AUDITED FINANCIAL STATEMENTS, FORM 1023, AND FORM 990 TO UNIF'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 REFER TO NARRATIVE LISTED FOR LINE 18. FORM 990, PART X, LINE 14 INTANGIBLE ASSETS THE UNIVERSITY OF NORTHERN IOWA, AN UNRELATED ENTITY, HAS TRANSFERRED OWNERSHIP RIGHTS TO VARIOUS PATENTS, INTELLECTUAL PROPERTY, ETC. THAT HAVE NOT BEEN VALUED FOR BALANCE SHEET PURPOSES FOR THE FILING ORGANIZATION. UNIVERSITY OF NORTHERN IOWA FOUNDATION 205 COMMONS UNI CEDAR FALLS IA 506140282 426058591 SOLICIT GIFTS IA 501(C)(3) LINE 5 N/A 0 UNIV OF NORTHERN IOWA PROPERTIES CORP 205 COMMONS UNI CEDAR FALLS IA 506140282 391896366 MANAGE PROPERTY IA 501(C)(3) LINE 12A, I UNI FOUNDATION 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF NORTHERN IOWA FOUNDATION E 260000 COST