2026-03-17T09:24:55+00:00 2025-06-30 990 2024-07-01 844628214 University of Iowa Strategic Initiatives Fund UNIV 3193352791 5 W Jefferson St 105 Iowa City IA 52242 Terry Johnson Treasurer 3193352791 2026-03-17 2024 2025-03-06 01:10:19Z Terry Johnson 5 W Jefferson St 105 Iowa City IA 52242 66071839 false X N/A X 2020 IA Support the State University of Iowa's strategic plan implementation by providing grants for scientific research and educational activities and subsidizing utility expenses. 3 1 0 1 0 0 0 37232112 66071839 0 37232112 66071839 22500000 25627000 0 0 0 0 333554 332537 22833554 25959537 14398558 40112302 1153998796 1227119293 0 0 1153998796 1227119293 SUPPORT THE STATE UNIVERSITY OF IOWA'S STRATEGIC PLAN IMPLEMENTATION BY PROVIDING GRANTS FOR SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES AND SUBSIDIZING UTILITY EXPENSES. false false 15000000 Grants for Scientific Research and Educational Activities (Growing Iowa into a Leader in Airborne and Ground-based Earth Science Measurement Capability, $1,270,700; The Iowa Health Data Resource: Extending the Impact, $902,890; Enhancing Education Infrastructure, $2,000,000; Relocate Department of Dance, $3,000,000; Implementation of Academic Advising Recommendations, $285,000; Startup Company Patent Support Pilot, $185,000; NIH T32 Training Grant application in Cancer Drug Discovery ad Development, $193,950; AI in Undergraduate Education, $195,000; Launching the Next Phase of Iowa Space Missions, $653,485; Identifying Key Drivers of Cancer in Iowa, $985,417; HIHI: Strategically Retaining and Recruiting Talented Faculty, $4,000,000; A Proposal for Iowa's AI Journey: First Steps in General AI Support, $784,517; Iowa's AI Journey: First Steps in AI Support for Research Scholarly and Creative Activities, $615,000; Return of Unused Funds from Previous Grants, ($70,959)) 10627000 Subsidization of Utility Expenses 0 true false false false false false false false false false false true false false false false false true false false true false false false false false false true false true false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false false false X 3 1 true false false false true true true true true false false false true true true true false false false false false false X Terry Johnson 3193352791 5 W Jefferson Street Iowa City IA 52242 JC Risewick Vice President and Director X X 0 0 0 Rodney Lehnertz President & Director 2.0 40.0 X X 0 366297 59986 Erik Lie Director 2.0 40.0 X 0 533188 53570 Audra Haddy Secretary 2.0 40.0 X 0 218114 21753 Susan Klatt Secretary (through 9/10/24) 2.0 40.0 X 0 279720 28897 Terry Johnson Treasurer 2.0 40.0 X 0 365369 61106 0 1762688 225312 false true false 0 0 0 0 0 0 0 38935037 38935037 0 0 27136802 27136802 0 27136802 27136802 0 0 0 0 0 66071839 0 0 66071839 25627000 25627000 332537 332537 0 0 0 0 0 0 0 0 25959537 25627000 332537 0 0 0 0 0 0 0 0 0 649812154 688119641 504186642 538999652 0 0 0 1153998796 1227119293 0 0 0 0 0 0 1153998796 1227119293 1153998796 1227119293 1153998796 1227119293 40112302 33008195 0 X false true false X X X 1 State University of Iowa 426004813 6 true 25627000 0 1 25627000 0 true true false false false false false false false false false false false false false true false Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The State University of Iowa (SUI) is managed by the Iowa Board of Regents and qualifies under IRC section 509(a)(1) as a section 170(b)(1)(A)(ii) educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. SUI is accredited by the Higher Learning Commission. As a State university, SUI is not required to obtain an IRS determination of recognition of its public charity status. SUI also qualifies under IRC section 509(a)(1) as a section 170(b)(1)(A)(v) governmental unit either as an integral part of the State of Iowa or as a political subdivision of the State. Closely-held equity interests Financial derivatives SSgA High Yield Bond Fund 62511113 F Credit Suisse Senior Loan Fund 61916195 F Acadian Global Low Volatility Fund 37460113 F Pacific Bank Loan Fund 61096195 F Principal Enhanced Property Fund 56126031 F Morgan Stanley Prime Property Fund 54633150 F JP Morgan Infrastructure Fund 34197789 F IFM Global Infrastructure Fund 32814225 F Golub Capital Partners Intl 14 29355932 F JP Morgan Private Equity 84951138 F Carlyle CDL Offshr Fnd Fdr 23937771 F 538999652 Central America and the Caribbean 0 0 Investments N/A 100229575 0 0 0 0 0 0 100229575 0 100229575 true false true true true false true State University of Iowa 105 Jessup Hall Iowa City IA 52242 426004813 25627000 Strategic Funding Initiatives 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Annual reporting is required for each grant to monitor progress and ensure funds are used for their intended purposes. false false false false false false false false false Rodney Lehnertz President & Director 0 351164 0 0 0 15133 0 36005 0 23981 0 426283 0 0 Erik Lie Director 0 489879 0 0 0 43309 0 34500 0 19070 0 586758 0 0 Terry Johnson Treasurer 0 363149 0 0 0 2220 0 37084 0 24022 0 426475 0 0 Susan Klatt Secretary (through 9/10/24) 0 206179 0 0 0 73541 0 20618 0 8279 0 308617 0 0 Audra Haddy Secretary 0 209189 0 0 0 8925 0 21053 0 700 0 239867 0 0 Form 990, Part VI, Line 2 BUSINESS RELATIONSHIP THE TERM "BUSINESS RELATIONSHIP" USED IN THIS CONTEXT REFERS TO INDIVIDUALS HAVING A DIRECT REPORTING BUSINESS RELATIONSHIP IN THEIR REGULAR EMPLOYMENT WITH THE UNIVERSITY OF IOWA. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons RODNEY LEHNERTZ AND TERRY JOHNSON - Business relationship, TERRY JOHNSON AND SUSAN KLATT - Business relationship, Terry Johnson and Audra Haddy - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders THE SOLE MEMBER OF THE CORPORATION IS THE STATE UNIVERSITY OF IOWA. THE SOLE MEMBER SHALL HOLD ANNUAL AND SPECIAL MEETINGS ON DATES TO BE SET BY THE PRESIDENT OF THE UNIVERSITY OF IOWA. THE MEMBER SHALL CONSIDER AND ACT UPON SUCH MATTERS AS MAY BE RAISED FOR THE MEMBER'S CONSIDERATION AND VOTE. THE CORPORATION'S BYLAWS MAY BE AMENDED BY THE MEMBER AT ANY ANNUAL MEETING, OR AT ANY SPECIAL MEETING CALLED FOR THAT PURPOSE. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD SHALL CONSIST OF THREE DIRECTORS, EXCLUSIVE OF THE PRESIDENT OF THE UNIVERSITY OF IOWA WHO SHALL BE AN EX OFFICIO MEMBER WITHOUT VOTE. THE MEMBERS OF THE BOARD SHALL CONSIST OF: AN APPOINTEE FROM THE STATE OF IOWA BOARD OF REGENTS, THE SENIOR VICE PRESIDENT FOR FINANCE AND OPERATIONS AT THE UNIVERSITY OF IOWA, AND A MEMBER OF THE FACULTY OF THE UNIVERSITY APPOINTED BY THE FACULTY SENATE FOR A FOUR-YEAR TERM. A MEMBER MAY BE REAPPOINTED TO SUBSEQUENT TERMS. THE APPOINTEE OF THE STATE OF IOWA BOARD OF REGENTS WILL SERVE AS LONG AS THE APPOINTEE IS A MEMBER OF THE BOARD OF REGENTS AND UNTIL REMOVED OR REPLACED BY THE BOARD OF REGENTS. THE SENIOR VICE PRESIDENT FOR FINANCE AND OPERATIONS SHALL SERVE BY VIRTUE OF THE POSITION. THE MEMBER OF THE FACULTY APPOINTED BY THE FACULTY SENATE SHALL SERVE A FOUR-YEAR TERM OR UNTIL REMOVED OR REPLACED BY THE FACULTY SENATE. A DIRECTOR MAY RESIGN FROM THE BOARD BY TENDERING A WRITTEN RESIGNATION TO THE PRESIDENT OF THE CORPORATION. IF ANY VACANCY ON THE BOARD EXISTS BY REASON OF DEATH, RESIGNATION OR OTHERWISE, THE VACANCY SHALL BE FILLED BY THE BOARD OF REGENTS FOR THE MEMBER APPOINTED BY THE REGENTS, AND BY THE FACULTY SENATE FOR THE MEMBER APPOINTED BY THE FACULTY SENATE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE CORPORATION'S SOLE MEMBER SHALL CONSIDER AND ACT UPON SUCH MATTERS AS MAY BE RAISED FOR THE MEMBER'S CONSIDERATION AND VOTE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE TREASURER REVIEWS AND APPROVES THE FINAL DRAFT OF FORM 990 WHICH IS PREPARED BY STAFF OF THE UNIVERSITY OF IOWA. A COPY OF THE 990 IS DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy DISCLOSURES UNDER THE CONFLICT OF INTEREST POLICY ARE REQUIRED ON AN ANNUAL BASIS, AND ON AN AD HOC BASIS AS CONFLICTS OF INTEREST ARISE. COVERED PERSONS MUST DISCLOSE TO THE BOARD ANY INTEREST MEETING ANY OF THE CATEGORIES SET FORTH IN THE POLICY. DISCLOSURE WILL BE ACCOMPLISHED BY THE COMPLETION AND SUBMISSION OF AN ANNUAL PERSONAL DISCLOSURE FORM OR, IN THE CASE OF INTERESTS NOT SO DISCLOSED, IN WRITING AT THE TIME OF DISCOVERY OF THE CONFLICT. Where the board will deliberate and vote on a matter in which a director holds a conflict of interest, the director will disclose that interest as required by this policy and recuse him/herself so as not to be present for or participate in the board's deliberation and vote. Any action taken by the board on such a matter must be by an affirmative vote of the directors of the board who themselves have no direct or indirect interest in the matter to be voted on. The minutes of any meeting at which such action is taken will reflect the director's recusal for a conflict of interest and that the action was taken by vote as required by this policy. The policy will be reviewed on an annual basis by the board and any revisions recommended will be voted on by the full board. Form 990, Part VI, Line 19 Required documents available to the public THE CORPORATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CORPORATION'S CONDENSED FINANCIAL DATA ARE PUBLISHED AS PART OF THE STATE UNIVERSITY OF IOWA'S CONSOLIDATED FINANCIAL STATEMENTS. Form 990, Part 1, Line 1 THE GENERAL PURPOSE OF THIS CORPORATION SHALL BE TO MANAGE THE FUNDS FROM THE PAYMENT UNDER THE LONG TERM LEASE AND CONCESSION AGREEMENT FOR THE UNIVERSITY OF IOWA UTILITY SYSTEM EXECUTED IN DECEMBER 2019 (P3 AGREEMENT); TO SELECT AND SUPERVISE INDEPENDENT INVESTMENT MANAGER(S); TO GRANT MONEY TO THE UNIVERSITY TO SUBSIDIZE UTILITY PAYMENTS; TO DETERMINE THE ANNUAL PAYOUT OF THE ENDOWMENT FOR THE PURPOSE OF GRANTING GIFTS OF MONEY TO THE UNIVERSITY FOR DIRECT USE IN ITS SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES; AND TO REVIEW ALL GRANT REQUESTS FORWARDED TO IT BY THE BUDGET REVIEW BOARD TO ENSURE THAT EACH ADVANCES THE UNIVERSITY STRATEGIC PLANS AND TO ADVANCE THE CAUSE OF EDUCATION AND RESEARCH. State University of Iowa 105 Jessup Hall Iowa City IA 52242 426004813 State University IA NA false University of Iowa Research Foundation 2660 Universitv Capitol Centre Iowa City IA 52242 237436761 Research at Univ IA IA 501(c)(3) Type I University of Iowa false Musser Davis Land Company 4600 Madison Ste 600 Kansas City MO 64112 440365680 Support University of Iowa MO 501(c)(3) Type I University of Iowa false University of Iowa Research Park Corporation 2500 Crosspark Rd Coralville IA 52241 421333324 Research at University of Iowa IA 501(c)(3) Type I University of Iowa false Iowa Measurement Research Corporation 334 Lindquist Center Iowa City IA 52242 420791544 Testing at University of Iowa IA 501(c)(3) Type I University of Iowa false Encompass Health Rehab 2450 Coral Ct Coralville IA 52241 831261306 Rehab Hospital DE University of IA Health System 1349 JCP UI Hosp Iowa City IA 52242 421431503 Medical Services IA NA C Corporation false Iowa Medical Mutual Ins Co 020709298 Malpractice insurance IA NA C Corporation false false true false false false false false false false false false false true true true false false false false Schedule R, Part V, Line 2 DUE TO A SOFTWARE LIMITATION INVOLVING SCHEDULE R, PART V, LINE 2, THE FOLLOWING INFORMATION IS BEING PROVIDED HERE: (A) RELATED ORGANIZATION: STATE UNIVERSITY OF IOWA (B) TRANSACTION TYPE: B (C) AMOUNT: $25,627,000 (D) METHOD: ACTUAL