2024-05-13T17:28:42-05:00 2023-06-30 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2022-07-01 391896366 UNIVERSITY OF NORTHERN IOWA PROPERTIES CORPORATION UNIV 3192736078 205 COMMONS UNI CEDAR FALLS IA 506140282 STACY ROBINSON VP/TREASURER 3192736078 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 968962 0 X N/A X 1997 IA ADMINISTER REAL & TANGIBLE PROPERTY FOR THE USE AND BENEFIT OF UNIF. 5 4 0 8 0 0 0 931000 0 0 0 0 0 37962 0 968962 0 37962 0 0 0 0 0 0 0 5460 3488 5460 41450 -5460 927512 797682 1728695 30740 34240 766942 1694455 TO RECEIVE, HOLD, MANAGE, AND ADMINISTER REAL PROPERTY AND TANGIBLE PERSONAL PROPERTY FOR THE USE AND BENEFIT OF THE UNIVERSITY OF NORTHERN IOWA FOUNDATION. 0 0 37962 37962 37962 TO RECEIVE, HOLD, MANAGE, AND ADMINISTER REAL PROPERTY AND TANGIBLE PERSONAL PROPERTY FOR THE USE AND BENEFIT OF THE UNIVERSITY OF NORTHERN IOWA FOUNDATION. 37962 1 1 0 0 0 0 1 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 1 1 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 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 0.50 41.00 X X 0 237116 49744 LINDA COOK TRUSTEE 0.50 1.50 X 0 0 0 TIM HURLEY TRUSTEE (THRU 10/22) 0.50 1.00 X 0 0 0 MARK NOOK TRUSTEE 0.50 1.50 X 0 0 0 MIKE ZWANZIGER TRUSTEE 0.50 0.00 X 0 0 0 DAVID MASON TRUSTEE 0.50 1.50 X 0 0 0 STACY ROBINSON VP/TREASURER 0.50 41.00 X 0 119899 24630 MEGAN STULL VP/SECRETARY 0.50 41.00 X 0 82973 9043 0 439988 83417 0 0 1 0 0 931000 931000 931000 37962 0 37962 37962 37962 968962 37962 0 0 37962 37962 788 788 2700 2700 41450 37962 3488 0 117 130 797565 1728565 797682 1728695 1560 0 29180 34240 30740 34240 X -30623 -34110 797565 1728565 766942 1694455 797682 1728695 927512 0 X 0 1 X 1 0 X X 1 UNIVERSITY OF NORTHERN IOWA FOUNDATION 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 3 299.00 1 1 0 CONSERVATION EASEMENT LAND #1 790405 CONSERVATION EASEMENT LAND #2 7160 LAND 931000 1728565 DUE TO FOUNDATION 34240 34240 X PART II, LINE 9: CONSERVATION EASEMENT CONSERVATION EASEMENT UNIVERSITY OF NORTHERN IOWA PROPERTIES CORPORATION (UNIPC) OWNS 297 ACRES THAT HAVE CONSERVATION EASEMENTS HELD BY IOWA NATURAL HERITAGE FOUNDATION (INHF). THE LAND IS REPORTED IN UNIPC'S BALANCE SHEET. THERE WERE NO EXPENSES RELATED TO THE LAND. UNIPC AND INHF WORK IN PARTNERSHIP TO MAINTAIN THE CONSERVATION EASEMENT. UNIPC OWNS A SECOND CONSERVATION EASEMENT THAT IS 2 ACRES. IT WAS GIVEN TO THE UNIVERSITY OF NORTHERN IOWA FOUNDATION OVER 100 YEARS AGO AND IS A PRAIRIE PRESERVE CURRENTLY USED BY THE UNIVERSITY OF NORTHERN IOWA'S BIOLOGICAL RESEARCH DEPARTMENT. THE TITLE TO THE LAND WAS TRANSFERRED TO UNIPC DURING FY2021 AND IS REPORTED IN UNIPC'S BALANCE SHEET. 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. 1 UNIVERSITY OF NORTHERN IOWA FOUNDATION 204 COMMONS UNI CEDAR FALLS IA 506140282 426058591 501(C)(3) 37962 0 GENERAL SUPPORT 1 0 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, SCHEDULE J, PART II COMPENSATION UNIVERSITY OF NORTHERN IOWA PROPERTIES CORPORATION (UNIPC) DOES NOT HAVE ANY EMPLOYEES AND DOES NOT PAY ANY COMPENSATION TO TRUSTEES OR OFFICERS FOR SERVICES PERFORMED FOR UNIPC. UNIPC OFFICERS JIM JERMIER, MEGAN STULL, AND STACY ROBINSON ALSO SERVE AS OFFICERS OF UNIVERSITY OF NORTHERN IOWA FOUNDATION (UNIF), A RELATED ORGANIZATION. COMPENSATION FOR THESE OFFICERS FOR SERVICES PERFORMED FOR UNIF IS PROCESSED BY AN UNRELATED ENTITY, UNIVERSITY OF NORTHERN IOWA (UNI). UNIF REIMBURSED UNI FOR THE COMPENSATION PAID TO STACY ROBINSON. X 1 931000 APPRAISAL 0 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 PUBLIC AVAILABILITY UNIPC 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. 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 RESEARCH FNDN 205 COMMONS UNI CEDAR FALLS IA 506140282 391896362 INTELLECTUAL PROPERTY IA 501(C)(3) LINE 12A, I UNI FOUNDATION 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF NORTHERN IOWA FOUNDATION E 34240 COST UNIVERSITY OF NORTHERN IOWA FOUNDATION B 37962 COST