2025-11-11T14:49:53+00:00 2025-06-30 440160260 Forvis Mazars LLP 120 E Palmetto Park Road Suite 403 Boca Raton FL 33432 990 2024-07-01 420931777 University of Iowa Facilities Corporation UNIV 3193353305 PO BOX 4550 IOWA CITY IA 522444550 MARTY NEVSHEMAL TREASURER 3193353305 2025-11-11 true true April Arnold P01559426 5612991820 2025-11-11 2024 2025-03-06 01:10:19Z LYNETTE MARSHALL PO BOX 4550 IOWA CITY IA 522444550 200276 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 1984 1979 42697 11788 44681 13767 0 0 0 0 0 0 0 0 0 26137 23388 26137 23388 18544 -9621 1202959 1193987 2239 2888 1200720 1191099 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 4 0 true 0 false false false false false false false false false false false false X 9 9 true false false false false true false true true false false false true true true true true true false false false false X Marty Nevshemal 3193353305 PO BOX 4550 IOWA CITY IA 522444550 ANDREW W CODE CHAIR/DIRECTOR 1.0 1.0 X X 0 0 0 CATHERINE ZAHARIS VICE CHAIR/DIRECTOR 1.0 1.0 X X 0 0 0 BARBARA A MCKENZIE DIRECTOR 1.0 1.0 X 0 0 0 BARBARA WILSON DIRECTOR (EX-OFFICIO) 1.0 1.0 X 0 0 0 CAROL HAVEMANN-LYNCH DIRECTOR 1.0 1.0 X 0 0 0 CASSANDRA S FOENS MD DIRECTOR 1.0 1.0 X 0 0 0 CHRIS DEWOLF DIRECTOR 1.0 1.0 X 0 0 0 P SUE BECKWITH MD DIRECTOR 1.0 1.0 X 0 0 0 THOMAS J VEALE DIRECTOR 1.0 1.0 X 0 0 0 DIANE K BROWNLEE SECRETARY 1.0 40.0 X 0 242953 24164 LYNETTE L MARSHALL PRESIDENT 1.0 40.0 X 0 624000 63818 SHEILA BALDWIN VICE PRES/ASSIST SECRETARY 1.0 40.0 X 0 375036 72038 SHERRI P FURMAN TREASURER (UNTIL 4/25/25) 1.0 40.0 X 0 329943 45412 TARA STERBA Treasurer (EFFECTIVE 4/25/25) 1.0 40.0 X 0 166373 31589 0 1738305 237021 0 false true false 0 0 0 0 0 0 0 1979 1979 198297 186509 11788 0 11788 11788 0 0 0 0 0 0 0 0 13767 0 0 13767 16113 16113 3598 3598 3677 3677 0 0 0 0 0 0 0 0 23388 0 23388 0 427251 424807 0 0 0 0 0 1695100 925920 775708 769180 0 0 0 0 1202959 1193987 2239 2888 0 0 0 0 2239 2888 X 1200720 1191099 1200720 1191099 1202959 1193987 -9621 0 X false true 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 818558 104378 714180 821542 821542 0 769180 0 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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, 2022. 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 474710 0 123000 0 26290 0 34500 0 29318 0 687818 0 0 DIANE K BROWNLEE SECRETARY 0 190855 0 28350 0 23748 0 22270 0 1894 0 267117 0 0 SHERRI P FURMAN TREASURER (UNTIL 4/25/25) 0 264682 0 58931 0 6330 0 28573 0 16839 0 375355 0 0 SHEILA BALDWIN VICE PRES/ASSIST SECRETARY 0 297038 0 77250 0 748 0 31991 0 40047 0 447074 0 0 TARA STERBA Treasurer (EFFECTIVE 4/25/25) 0 162282 0 3500 0 591 0 25914 0 5675 0 197962 0 0 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 914364UJ1 2015-04-16 18945180 Refund Prior Bonds (09/06/06) false true false B UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364WG5 2019-10-17 32163271 Construct & Equip Facility false true false C UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364WX8 2020-06-25 34318524 Refund Bonds ( 6/29/10, 3/4/10, 8/31/11) false true false D UNIVERSITY OF IOWA FACILITIES CORP 420931777 914364XQ2 2021-05-13 36424781 Refund Bonds (3/8/12, 5/24/12, 8/29/12) false true false A 10545000 19001021 1579389 5600 301396 18694025 2007 false true true true B 3230000 32346846 44391 286618 32015838 2022 false false true true C 3025000 34318524 3973 337343 33977208 2014 true false true true D 10135000 36424782 236346 36188436 2014 true false true true A false false false false false false 0 0 0.0 false false 0 false true B false false false false false false 0 0 0.0 false false 0 false true C false true false false true true 0.0 0 0.0 false false 0 false true D false true false false true true 0.0 0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false true true false false 0 false false false 0 false false true C false false true true false false 0 false false false 0 false false true D false false true true false false 0 false false false 0 false false true A true B true C true D true 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, Line 2c Note regarding the rebate computation 6/30/21, 8/1/20, 7/1/21 , 4/26/24 & 5/26/25: 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. Schedule K, Part IV, Line 2c REBATE COMPUTATION 04/16/2015 BOND: REBATE CALCULATION PERFORMED ON 06/30/2024 10/17/2019 BOND: REBATE CALCULATION PERFORMED ON 06/30/2021 06/25/2020 BOND: REBATE CALCULATION PERFORMED ON 08/01/2020 05/13/2021 BOND: REBATE CALCULATION PERFORMED ON 07/01/2021 10/26/2023 BOND: REBATE CALCULATION PERFORMED ON 04/26/2024 05/23/2024 BOND: REBATE CALCULATION PERFORMED ON 05/26/2025 A University of Iowa Facilities Corp 420931777 914364YQ1 2023-10-26 30253401 Construct & Equip Facility false true false B University of Iowa Facilities Corp 420931777 914364ZL1 2024-05-23 20805366 Construct & Equip Facility false true false C University of Iowa Facilities Corp 420931777 914364B52 2024-11-26 35385321 Construct & Equip Facility false true false A 630000 30526041 250773 30275269 2025 false false true true B 535000 21178283 2875 270091 19397645 1507672 2024 false false false true C 1335000 35385321 382440 35002881 2025 false false true true A false false false false false false 0 0 0.0 false false 0 false true B false false false false false false 0 0 0.0 false false 0 false true C false false false false false true 0 0 0.0 false false 0 false true A false false true true false false 0 false false false 0 false false true B false true false false false false 0 false false false 0 false false true C false false true true false false 0 false false false 0 false false true A true B true C true Form 990, Part VI, Line 1a Delegate broad authority to a committee 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, Line 2 Family/business relationships amongst interested persons ALL OFFICERS AND DIRECTORS - Business relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body MEMBERS OF A GOVERNING BODY OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT, NAMELY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, EACH SPRING APPOINT/ELECT AT LEAST A MAJORITY (IF NOT ALL) OF THE OFFICERS AND DIRECTORS OF THE UNIVERSITY OF IOWA FACILITIES CORPORATION BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE ACCOUNTING STAFF AT THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT 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, Line 12c Conflict of interest policy 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 SECRETARY AND, IF DETERMINED NECESSARY AFTER THE SECRETARY'S REVIEW, 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, Line 19 Required documents available to the public 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) Type I UICA true false false false false false false false false false false false false false false true true false false false