Nonprofit · EIN 42-0931777
UNIVERSITY OF IOWA FACILITIES CORPORATION
Tax-exempt · IOWA CITY, IA 52244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,767 | $23,388 | -$9,621 | $1,193,987 | $2,888 | $1,191,099 |
| June 30, 2024 | 990 | $44,681 | $26,137 | $18,544 | $1,202,959 | $2,239 | $1,200,720 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,979
- Net rental income
- $11,788
- Other revenue
- $11,788
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,598
- Accounting fees
- $3,677
- Management and general (functional)
- $23,388
Balance sheet and other
- Total assets, start of year
- $1,202,959
- Total assets, end of year
- $1,193,987
- Total liabilities, end of year
- $2,888
- Net assets, end of year
- $1,191,099
- Land, buildings and equipment
- $769,180
- Net assets without donor restrictions
- $1,191,099
- Gross receipts
- $200,276
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1967
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LYNETTE L MARSHALL | PRESIDENT Officer | 1 | $0 | $624,000 | $63,818 |
| SHEILA BALDWIN | VICE PRES/ASSIST SECRETARY Officer | 1 | $0 | $375,036 | $72,038 |
| SHERRI P FURMAN | TREASURER (UNTIL 4/25/25) Officer | 1 | $0 | $329,943 | $45,412 |
| DIANE K BROWNLEE | SECRETARY Officer | 1 | $0 | $242,953 | $24,164 |
| TARA STERBA | Treasurer (EFFECTIVE 4/25/25) Officer | 1 | $0 | $166,373 | $31,589 |
| ANDREW W CODE | CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CATHERINE ZAHARIS | VICE CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARBARA A MCKENZIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA WILSON | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 | $0 | $0 |
| CAROL HAVEMANN-LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CASSANDRA S FOENS MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS DEWOLF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| P SUE BECKWITH MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS J VEALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LYNETTE L MARSHALL | PRESIDENT Officer | 1 | $0 | $569,510 | $57,665 |
| SHEILA BALDWIN | VICE PRES/ASSIST SECRETARY Officer | 1 | $0 | $337,392 | $68,891 |
| SHERRI P FURMAN | TREASURER Officer | 1 | $0 | $302,753 | $40,592 |
| DIANE K BROWNLEE | SECRETARY Officer | 1 | $0 | $236,557 | $23,394 |
| ANDREW W CODE | CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANICE ELLIG | VICE CHAIR/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARBARA A MCKENZIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CAROL HAVEMANN-LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CASSANDRA S FOENS MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS DEWOLF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| P SUE BECKWITH MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS J VEALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4550, IOWA CITY, IA 52244-4550
- In care of
- % SHERRI P FURMAN
- Principal officer (990 for 2024)
- LYNETTE MARSHALL, PO BOX 4550, IOWA CITY, IA 522444550
- Signed the 990
- MARTY NEVSHEMAL, TREASURER
- Phone
- (319) 335-3305
- Return prepared by
- Forvis Mazars LLP
Mission
THE UNIVERSITY OF IOWA FACILITIES CORPORATION ACQUIRES AND HOLDS PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA.
Program accomplishments
- ACQUIRE AND HOLD PROPERTY FOR THE BENEFIT AND USE OF THE UNIVERSITY OF IOWA.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0931777
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,193,987
- Income (IRS master file)
- $200,276
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,767 | $23,388 | $1,193,987 | XML |
| 990 | June 2024 | $44,681 | $26,137 | $1,202,959 | XML |
| 990 | June 2023 | $70,739 | $26,947 | $1,184,108 | IRS |
| 990 | June 2022 | $17,815 | $15,277 | $1,140,934 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0931777).
Questions about UNIVERSITY OF IOWA FACILITIES CORPORATION
- What is the EIN of UNIVERSITY OF IOWA FACILITIES CORPORATION?
- The employer identification number (EIN) of UNIVERSITY OF IOWA FACILITIES CORPORATION is 42-0931777.
- Is UNIVERSITY OF IOWA FACILITIES CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to UNIVERSITY OF IOWA FACILITIES CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF IOWA FACILITIES CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF IOWA FACILITIES CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF IOWA FACILITIES CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF IOWA FACILITIES CORPORATION?
- The 990 for the year ended June 30, 2025 names LYNETTE MARSHALL.
- Who are the officers and directors of UNIVERSITY OF IOWA FACILITIES CORPORATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF IOWA FACILITIES CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,767, expenses of $23,388 and total assets of $1,193,987 at year end.
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