2024-01-12T09:38:36-06:00 2023-08-31 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-09-01 421129040 STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION % SHERRI P FURMAN STAN 3193353305 PO BOX 4550 IOWA CITY IA 52244 SHERRI P FURMAN TREASURER 3193353305 2024-01-15 true SHERRI P FURMAN 999009999 April Arnold P01559426 8162216300 2024-01-15 3 2022 2023-04-26 12:10:37Z SHERRI P FURMAN PO BOX 4550 IOWA CITY IA 52244 592663 false X N/A X 1979 IA PROVIDE GRANTS TO THE STATE UNIVERSITY OF IOWA FOUNDATION IN ACCORDANCE WITH EXEMPT PURPOSE, WHICH IN TURN GRANTS FUNDS TO THE STATE UNIVERSITY OF IOWA. 7 5 0 0 0 0 0 0 0 553891 592663 0 0 553891 592663 485398 511984 0 0 0 0 0 0 0 3476 3809 488874 515793 65017 76870 11639196 11389316 1239 0 11637957 11389316 PROVIDE GRANTS TO THE STATE UNIVERSITY OF IOWA FOUNDATION IN ACCORDANCE WITH EXEMPT PURPOSE, WHICH IN TURN GRANTS FUNDS TO THE STATE UNIVERSITY OF IOWA. false false 512874 511984 0 GRANTS PROVIDE RESOURCES TO THE STATE UNIVERSITY OF IOWA FOR STUDENT SUPPORT, INTERNATIONAL RESEARCH, THE ARTS, AND TRAVEL. 512874 true false false false false false false false false true false false false false false false false true false false false false false false false false false true false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 7 5 true false false false false true false true true false false true true true true true true false false false IA X SHERRI P FURMAN 3193353305 POBOX 4550 IOWA CITY IA 52244 LYNETTE MARSHALL SECRETARY/DIRECTOR 1.0 40.0 X X 0 569491 50139 SHERRI FURMAN TREASURER/DIRECTOR 1.0 40.0 X X 0 256589 35885 ELIZABETH SHRIVER VICE PRESIDENT/DIRECTOR 1.0 0.0 X X 0 0 0 REBECCA STANLEY DIRECTOR 1.0 0.0 X 0 0 0 CATHY ZAHARIS PRESIDENT/DIRECTOR 1.0 1.0 X X 0 0 0 GREGS THOMOPULOS DIRECTOR 1.0 1.0 X 0 0 0 BARBARA WILSON DIRECTOR 1.0 1.0 X 0 0 0 0 826080 86024 0 false true false 0 0 0 592663 592663 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 592663 0 0 592663 511984 511984 0 0 0 0 0 0 0 0 0 0 1680 1680 0 0 0 0 0 0 0 0 0 0 0 0 890 890 0 0 0 1239 1239 515793 512874 2919 0 200837 276469 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11438359 11112847 0 0 0 0 0 0 0 0 11639196 11389316 1239 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1239 0 X 0 0 0 0 11637957 11389316 11637957 11389316 11639196 11389316 76870 -325511 X false true X true false X X X 1 STATE UNIVERSITY OF IOWA FOUNDATION 420796760 5 true 511984 0 1 511984 true false false false false false false false false false false false false false false true false 11438359 -325512 11112847 11926747 -488388 11438359 9372326 66767 2487654 11926747 9689435 1036274 -1353383 9372326 9945900 -256465 9689435 1.00000 false true true SCHEDULE D, PART V, LINE 4 TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ENDOWMENT, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT'S ASSETS. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true STATE UNIVERSITY OF IOWA FOUNDATION PO BOX 4550 IOWA CITY IA 52244 420796760 501(C)3 511984 RESEARCH, ARTS, AND SCHOLARSHIPS 1 SCHEDULE I, PART I, LINE 2 ALL GRANTS TO THE STATE UNIVERSITY OF IOWA FOUNDATION ARE APPROVED BY THE BOARD OF DIRECTORS. ALL EXPENDITURES FROM THE STATE UNIVERSITY OF IOWA FOUNDATION TO THE STATE UNIVERSITY OF IOWA ARE SUBJECT TO STATE UNIVERSITY OF IOWA FOUNDATION POLICIES AND IRS REGULATIONS. BY SUBMISSION OF AN APPROVED REQUEST FOR TRANSFER OR EXPENDITURE, THE UNIVERSITY OF IOWA DEPARTMENT ACKNOWLEDGES THAT THE EXPENSE COMPLIES WITH DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT. false false false false false false false false false SHERRI FURMAN TREASURER/DIRECTOR 0 213052 0 37207 0 6330 0 22333 0 13552 0 292474 LYNETTE MARSHALL SECRETARY/DIRECTOR 0 443618 0 103083 0 22790 0 29000 0 21139 0 619630 Schedule J, PART II SHERRI FURMAN AND LYNETTE MARSHALL ARE COMPENSATED BY THE STATE UNIVERSITY OF IOWA FOUNDATION, A RELATED 501(C)(3) ORGANIZATION. THE STATE UNIVERSITY OF IOWA FOUNDATION USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION STUDY AND APPROVAL BY THE BOARD TO SET COMPENSATION. FORM 990, PART VI, LINE 1A THE STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION'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 TO THE EXTENT PERMITTED BY LAW. WRITTEN REPORTS OF THE ACTIONS OF THE EXECUTIVE COMMITTEE ARE SUBMITTED TO THE BOARD AT ITS NEXT MEETING. FORM 990, PART VI, SECTION A, LINE 2 LYNETTE MARSHALL, SHERRI FURMAN, CATHY ZAHARIS, GREGS THOMOPULOS, AND BARBARA WILSON HAVE A BUSINESS RELATIONSHIP. ELIZABETH SHRIVER AND REBECCA STANLEY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS (BOARD) OF THE STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION (CORPORATION) SHALL CONSIST OF: THREE (3) EX-OFFICIO VOTING DIRECTORS: THE PRESIDENT OF THE STATE UNIVERSITY OF IOWA FOUNDATION (FOUNDATION); THE PRESIDENT OF THE UNIVERSITY OF IOWA; AND THE PRESIDENT OF THE HOLTHUES TRUST OR HIS/HER DESIGNEE; AND ONE DIRECTOR APPOINTED BY THE PRESIDENT OF THE HOLTHUES TRUST; AND THREE DIRECTORS APPOINTED BY THE CHAIR OF THE BOARD OF DIRECTORS OF THE FOUNDATION FROM AMONG THE OFFICERS, DIRECTORS, OR LIFETIME HONORARY DIRECTORS OF THE FOUNDATION. 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 THE FORM PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION'S BOARD OF DIRECTORS AND OFFICERS (RESPONSIBLE PERSONS) HAVE A DUTY TO CONDUCT ACTIVITIES WITH THE HIGHEST ETHICAL STANDARDS AND TO MAKE DECISIONS SOLELY TO ADVANCE ITS MISSION AND INTERESTS. THIS CONFLICT OF INTEREST POLICY IS TO ASSIST THE BOARD AND RESPONSIBLE PERSONS IN IDENTIFYING SITUATIONS THAT PRESENT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND TO SPECIFY PROCEDURES FOR MANAGING THEM. A CONFLICT OF INTEREST MAY ARISE WHEN A RESPONSIBLE PERSON HAS AN EXISTING OR POTENTIAL FINANCIAL INTEREST OR OTHER MATERIAL INTEREST THAT IMPAIRS OR MIGHT APPEAR TO IMPAIR, HIS OR HER INDEPENDENCE OR OBJECTIVITY IN THE DISCHARGE OF RESPONSIBILITIES AND DUTIES TO THE STANLEY UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION. (1) REPORTING PROCEDURES: EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AND SUBMIT 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 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 STATEMENT, 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. IF A CONFLICT OF INTEREST EXISTS, THE MATERIAL FACTS WILL BE DISCLOSED TO THE BOARD OF DIRECTORS. (3) ACTION AND RECUSAL: THE BOARD SHALL DETERMINE WHETHER TO AUTHORIZE, APPROVE, OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLEY ON WHETHER IT IS IN THE BEST INTEREST OF THE STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION IN PERFORMING ITS MISSION. THE AUTHORIZATION, APPROVAL, AND/OR RATIFICATION MUST BE ACCOMPLISHED BY AN AFFIRMATIVE VOTE, AS APPLICABLE OF A MAJORITY OF THE DIRECTORS ON THE BOARD WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE ARRANGEMENT/TRANSACTION. 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. STATE UNIVERSITY OF IOWA FOUNDATION PO BOX 4550 IOWA CITY IA 52244 420796760 FUNDRAISING IA 501(C)3 5 NA false UNIVERSITY OF IOWA FACILITIES CORP PO BOX 4550 IOWA CITY IA 52244 420931777 HOLD PROPERTY IA 501(C)3 12A SUIF true false true false false false false false false false false false false true false true true false false false