2024-05-07T08:36:55-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-07-01 421333324 UNIVERSITY OF IOWA RESEARCH PARK CORPORATION UNIV 3193842741 2500 CROSSPARK ROAD CORALVILLE IA 52241 TERRY JOHNSON TREASURER 3193842741 2024-04-25 1 TERRY JOHNSON 999009999 0 DAVID LITTLE P01480921 3193632697 2024-04-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JON DARSEE 101 JESSUP HALL IOWA CITY IA 52242 316627 0 X HTTP://RESEARCHPARK.UIOWA.EDU/ X 1989 IA A TITLE HOLDING ENTITY THAT OPERATES A RESEARCH PARK FOR THE UNIVERSITY OF IOWA. 11 4 2 4 0 0 115634 115634 214403 188172 50380 12821 0 0 380417 316627 0 0 0 0 110415 103912 0 0 0 105770 123930 216185 227842 164232 88785 4843563 4866884 2105018 2039554 2738545 2827330 THE UNIVERSITY OF IOWA RESEARCH PARK CORPORATION (UIRPC) OFFERS GROWING COMPANIES A WIDE RANGE OF BUILDING SITES OR LEASED OFFICE AND LABORATORY SPACE IN A PARK-LIKE ENVIRONMENT FEATURING CONVENIENT ACCESS TO RESEARCH RESOURCES OF THE UNIVERSITY OF IOWA. 0 0 UIRPC OPERATES A RESEARCH PARK AND IS AN AFFILIATED ORGANIZATION OF THE UNIVERSITY OF IOWA. UIRPC IS THE LESSEE OF A MASTER GROUND LEASE WITH THE STATE OF IOWA AND LEASES BUILDING SITES AND SPACE TO GROWING COMPANIES THAT DESIRE SUSTAINED RESEARCH RELATIONSHIPS WITH THE UI.IN THE YEAR ENDED JUNE 30, 2023 UIRPC MANAGED THIRTEEN LAND LEASES. INCOME FROM THESE LEASES TOTALED $188,172 WHILE OPERATING EXPENSES TOTALED $227,842. FOURTEEN OF A TOTAL OF TWENTY-SEVEN LOTS REMAIN TO BE LEASED. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 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 1 0 0 1 2 0 2 1 0 0 0 0 0 0 0 0 X 11 4 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAMELA MYERS 3193350555 125 S DUBUQUE IOWA CITY IA 52242 DARSEE JON PRESIDENT 2.00 40.00 X X 0 257305 43544 DENGLER STEPHANIE SECRETARY 10.00 30.00 X X 24049 80852 29630 JOHNSON TERRY TREASURER 0.20 40.00 X X 0 364891 55308 KERBESHIAN MARIE VICE PRESIDENT 0.20 40.00 X X 0 244565 44253 BOOTHBY PHIL DIRECTOR 0.20 40.00 X 0 278633 50793 HAYWORTH KELLY DIRECTOR 0.20 0.00 X 0 0 0 JOHNSON FRANCES DIRECTOR 0.20 0.00 X 0 0 0 NOLTE MARK DIRECTOR 0.20 0.00 X 0 0 0 WHITTERS ALEC DIRECTOR 0.20 0.00 X 0 0 0 KREGEL KEVIN DIRECTOR 0.20 40.00 X 0 531578 59147 SCHOLTZ JOHN DIRECTOR 0.00 40.00 X 0 408745 50452 KELLER JOHN FORMER OFFICER 0.00 40.00 X 0 170634 34040 24049 2337203 367167 0 1 1 0 0 115634 115634 LAND LEASES 531190 188172 188172 188172 12821 12821 316627 188172 0 12821 31872 47808 4664 14058 5510 7608 3500 16584 3298 75280 13080 MISC EXPENSES 3350 SHARED SERVICES 1230 227842 2544986 2655758 100266 88075 2886112 763061 2198311 2123051 4843563 4866884 9225 9726 2095793 2029828 2105018 2039554 X 0 0 2198331 2123051 540214 704279 2738545 2827330 4843563 4866884 88785 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2886112 763061 2123051 2123051 0 0 0 KREGEL KEVIN DIRECTOR 0 516405 0 9906 0 5267 0 40667 0 18480 0 590725 0 0 SCHOLTZ JOHN DIRECTOR 0 398834 0 7650 0 2261 0 30340 0 20112 0 459197 0 0 JOHNSON TERRY TREASURER 0 351957 0 4500 0 8434 0 35196 0 20112 0 420199 0 0 BOOTHBY PHIL DIRECTOR 0 235119 0 36138 0 7376 0 23512 0 27281 0 329426 0 0 DARSEE JON PRESIDENT 0 252245 0 3500 0 1560 0 25064 0 18480 0 300849 0 0 KERBESHIAN MARIE VICE PRESIDENT 0 243005 0 0 0 1560 0 24141 0 20112 0 288818 0 0 KELLER JOHN FORMER OFFICER 0 155598 0 13242 0 1794 0 15560 0 18480 0 204674 0 0 PART I, QUESTION 3: ALL COMPENSATION IS PAID THROUGH AND ESTABLISHED BY THE UNIVERSITY OF IOWA, A RELATED ORGANIZATION. THE POLICIES OF THAT ORGANIZATION ARE USED TO DETERMINE COMPENSATION, WHICH INCLUDE COMPENSATION SURVEYS OR STUDIES. THE UNIVERSITY OF IOWA IS THE COMMON PAYMASTER FOR UIRPC. FORM 990, PART VI, SECTION A, LINE 2 RICH HICHWA (DIRECTOR) AND MARIE KERBESHIAN (VICE PRESIDENT) HAVE A BUSINESS RELATIONSHIP. JON DARSEE (PRESIDENT) AND STEPHANIE DENGLER (SECRETARY) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER SHALL BE THE UNIVERSITY OF IOWA WHICH SHALL HAVE ALL POWERS AND AUTHORITY IN RELATION TO THIS CORPORATION AS ARE PROVIDED BY LAW, ARTICLES OF INCORPORATION, AND BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE CHOSEN BY THE CORPORATION'S SOLE MEMBER IMMEDIATELY PRECEDING THE ANNUAL MEETING OF THE DIRECTORS OF THE CORPORATION, OR, IF THE SOLE MEMBER SO DIRECTS THE BOARD, THE BOARD OF DIRECTORS SHALL CHOOSE ITS SUCCESSORS FROM THE NOMINEES DESIGNATED BY AND APPROVED BY THE CORPORATE MEMBER. THE MEMBER MAY ALSO APPOINT ONE OR MORE INDIVIDUALS DIRECTLY TO THE BOARD OF DIRECTORS AND MAY REMOVE ONE OR MORE INDIVIDUALS FROM THE BOARD OF DIRECTORS WITH OR WITHOUT CAUSE BY GIVING WRITTEN NOTICE TO THE PRESIDENT OF THIS CORPORATION AND THE DIRECTOR OR DIRECTORS, WHICH REMOVAL SHALL BE EFFECTIVE AS OF THE DATE OF THE GIVING OF THE WRITTEN NOTICE TO THE PRESIDENT. IN THE EVENT OF A VACANCY IN THE BOARD OF DIRECTORS, THE BOARD SHALL ELECT AT A SPECIAL MEETING OF DIRECTORS CALLED FOR SUCH PURPOSE, A PERSON TO FILL SUCH VACANCY, PROVIDED THAT THE ELECTION OF SUCH PERSON SATISFIES THE REQUIREMENTS SET FORTH IN THE BYLAWS AND RECEIVES THE APPROVAL OF THE MEMBER AND THE STATE BOARD OF REGENTS. SUCH PERSON SHALL SERVE WITH THE SAME RIGHTS AND DUTIES AND FOR THE SAME TERM AS THE PERSON WHOM HE WAS ELECTED TO SUCCEED. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS MAY BE AMENDED, SUPPLEMENTED OR REPEALED BY THE WRITTEN ASSENT THERETO OF TWO-THIRDS (2/3) OF THE DIRECTORS OF THIS CORPORATION WITH THE CONSENT OF THE MEMBER AND THE APPROVAL OF THE STATE BOARD OF REGENTS, OR UPON ACTION INITIATED BY THE MEMBER IN THE MANNER PROVIDED BY LAW. THE UNIVERSITY OF IOWA BUSINESS MANAGER OVERSEES ALL LEASES, EASEMENTS AND REAL ESTATE TRANSACTIONS AT THE UNIVERSITY. BY STATE LAW, MOST LEASES, EASEMENTS AND REAL ESTATE TRANSACTIONS (ACQUISITIONS, GIFTS, TRANSFERS AND SALES) MUST BE APPROVED BY THE BOARD OF REGENTS. THE BUSINESS MANAGER'S OFFICE GENERALLY PREPARES ALL LEASES AND AMENDMENTS ALONG WITH COORDINATING ACTIONS THAT REQUIRE APPROVAL FROM THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM THEN REVIEWED BY THE ASSOCIATE BUDGET/FINANCIAL OFFICER IN THE UNIVERSITY OF IOWA'S OFFICE OF VICE PRESIDENT FOR RESEARCH AND ECONOMIC DEVELOPMENT AND REVIEWED BY THE UNIVERSITY OF IOWA'S TAX MANAGER. THE REVIEWED FORM 990 IS THEN DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO FINALIZING. THE FINAL FORM 990 IS THEN GIVEN TO THE BOARD TREASURER FOR FINAL REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY HAPPENS ON AN ANNUAL BASIS, AND ON AN AD HOC BASIS AS CONFLICTS OF INTEREST ARISE. COVERED PERSONS MUST DISCLOSE TO THE UIRPC 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 UIRPC 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 A MAJORITY 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. THIS POLICY WILL BE REVIEWED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE AND ANY REVISIONS RECOMMENDED WILL BE VOTED ON BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 15 BOARD MEMBERS ARE NOT COMPENSATED FOR THEIR SERVICE AS BOARD MEMBERS OF UIRPC, ALL COMPENSATION BEING DISCLOSED AS PAID BY UIRPC OR A RELATED PARTY IS IN THE CAPACITY AS AN EMPLOYEE NOT A BOARD MEMBER. THE TOP MANAGEMENT OFFICIAL IS AN EMPLOYEE OF THE UNIVERSITY OF IOWA AND ALL HIRING AND SALARY PROCEDURES ARE GOVERNED BY THE UNIVERSITY OF IOWA HUMAN RESOURCE POLICIES. UNDER UI POLICY, HIRING DECISIONS REQUIRE INDEPENDENT APPROVAL BY THE OFFICE OF EQUAL OPPORTUNITY AND DIVERSITY, SALARY PROPOSALS MUST BE WITHIN UNIVERSITY COMPENSATION PLAN MARKET RANGES FOR THE POSITION AND COMPENSATION OFFERS REQUIRE APPROVAL BY THE UI ORGANIZATION LEVEL HUMAN RESOURCES DEPARTMENT. THE UNIVERSITY COMPENSATION PLAN IS REFRESHED EACH YEAR FOLLOWING AN ANALYSIS OF THE MOST RECENT MARKET DATA. SALARY SURVEY DATA IS DRAWN FROM DIFFERENT GEOGRAPHICAL MARKETS AND BUSINESS SECTORS FOR BENCHMARK JOBS TO DETERMINE WHETHER A CHANGE NEEDS TO BE MADE IN ANY MARKET RANGE AND MEDIAN ZONE. INDIVIDUAL SALARY DECISIONS ARE BASED UPON JOB PERFORMANCE AND SALARY POSITION IN RELATION TO THE LATEST MARKET RANGE AND MEDIAN ZONE INFORMATION. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CORPORATION'S FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. UNIVERSITY OF IOWA (UI) 105 JESSUP HALL IOWA CITY IA 52242 426004813 EDUCATIONAL INSTITUTION IA N/A 0 IOWA MEASUREMENT RESEARCH FOUNDATION 334 LINDQUIST CENTER IOWA CITY IA 52242 420791544 ADVANCE KNOWLEDGE IN TESTING & MEASUREMENT VIA GRANTS TO UI IA 501(C)(3) LINE 12A, I UNIVERSITY OF IOWA 0 UNIVERSITY OF IOWA RESEARCH FOUNDATION 200 SOUTH CAPITAL STREET 2660 UCC IOWA CITY IA 52242 237436761 ENCOURAGE RESEARCH AT UI & SEEK RESEARCH PARTNERS IA 501(C)(3) LINE 12A, I UNIVERSITY OF IOWA 0 MUSSER DAVIS LAND COMPANY 4600 MADISON STUITE 600 KANSAS CITY MO 64112 440365680 SUPPORT THE COLLEGE OF MEDICINE OF UI MO 501(C)(3) LINE 12A, I UNIVERSITY OF IOWA 0 UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND 105 JESSUP HALL IOWA CITY IA 52242 844628214 SUPPORT THE UNIVERSITY OF IOWA IA 501(C)(3) LINE 12A, I UNIVERSITY OF IOWA 0 ENCOMPASS HEALTH REHABILITATION HOSPTIAL OF IOWA CITY LLC 2450 CORAL STREET CT CORALVILLE IA 52241 831261306 REHAB HOSPITAL DE 0 0 UNIVERSITY OF IOWA HEALTH SYSTEM 1349 JCP UI HOSPITALS CLINICS IOWA CITY IA 52242 421431503 MEDICAL SERVICES IA N/A C 0 IOWA MEDICAL MUTUAL INS CO 312 COLLEGE OF MEDICINE ADMIN BUILD IOWA CITY IA 52242 020709298 MALPRACTICE INSURANCE IA N/A C 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1