Nonprofit · EIN 42-1333324
UNIVERSITY OF IOWA RESEARCH PARK CORPORATION
Tax-exempt · CORALVILLE, IA 52241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $387,410 | $241,018 | $146,392 | $5,035,173 | $1,907,605 | $3,127,568 |
| June 30, 2024 | 990 | $382,893 | $229,047 | $153,846 | $4,957,072 | $1,975,896 | $2,981,176 |
| June 30, 2023 | 990 | $316,627 | $227,842 | $88,785 | $4,866,884 | $2,039,554 | $2,827,330 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $115,631
- Program service revenue
- $213,984
- Investment income
- $57,795
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $116,468
- Salaries, compensation and benefits (total)
- $116,468
- Professional fundraising fees
- $0
- Accounting fees
- $2,895
- Occupancy
- $14,189
- Depreciation
- $75,280
- Program services (functional)
- $75,280
- Management and general (functional)
- $165,738
Balance sheet and other
- Total assets, start of year
- $4,957,072
- Total assets, end of year
- $5,035,173
- Total liabilities, end of year
- $1,907,605
- Net assets, end of year
- $3,127,568
- Land, buildings and equipment
- $1,972,492
- Gross receipts
- $387,410
- Employees
- 2
- Volunteers
- 3
- Year formed
- 1989
- 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 |
|---|---|---|---|---|---|
| KREGEL KEVIN | DIRECTOR Trustee or director | 0.2 | $0 | $569,884 | $68,571 |
| SCHOLTZ JOHN | FORMER OFFICER Former | 0 | $0 | $414,939 | $49,454 |
| JOHNSON TERRY | TREASURER Trustee or director, Officer | 0.2 | $0 | $365,369 | $61,105 |
| BOOTHBY PHIL | DIRECTOR Trustee or director | 0.2 | $0 | $303,066 | $52,595 |
| KERBESHIAN MARIE | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $271,683 | $49,992 |
| DARSEE JON | PRESIDENT Trustee or director, Officer | 2 | $0 | $264,528 | $48,683 |
| DENGLER STEPHANIE | SECRETARY Trustee or director, Officer | 10 | $27,778 | $100,157 | $44,472 |
| HAYWORTH KELLY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| JOHNSON FRANCES | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| NOLTE MARK | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KREGEL KEVIN | DIRECTOR Trustee or director | 0.2 | $0 | $535,287 | $65,672 |
| SCHOLTZ JOHN | FORMER OFFICER Former | 0 | $0 | $410,489 | $55,818 |
| JOHNSON TERRY | TREASURER Trustee or director, Officer | 0.2 | $0 | $358,066 | $59,014 |
| BOOTHBY PHIL | DIRECTOR Trustee or director | 0.2 | $0 | $284,520 | $50,124 |
| DARSEE JON | PRESIDENT Trustee or director, Officer | 2 | $0 | $257,497 | $46,556 |
| KERBESHIAN MARIE | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $252,366 | $47,924 |
| DENGLER STEPHANIE | SECRETARY Trustee or director, Officer | 10 | $24,712 | $80,914 | $30,099 |
| HAYWORTH KELLY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| JOHNSON FRANCES | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| NOLTE MARK | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| WHITTERS ALEC | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KREGEL KEVIN | DIRECTOR Trustee or director | 0.2 | $0 | $531,578 | $59,147 |
| SCHOLTZ JOHN | DIRECTOR Trustee or director | 0 | $0 | $408,745 | $50,452 |
| JOHNSON TERRY | TREASURER Trustee or director, Officer | 0.2 | $0 | $364,891 | $55,308 |
| BOOTHBY PHIL | DIRECTOR Trustee or director | 0.2 | $0 | $278,633 | $50,793 |
| DARSEE JON | PRESIDENT Trustee or director, Officer | 2 | $0 | $257,305 | $43,544 |
| KERBESHIAN MARIE | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $244,565 | $44,253 |
| KELLER JOHN | FORMER OFFICER Former | 0 | $0 | $170,634 | $34,040 |
| DENGLER STEPHANIE | SECRETARY Trustee or director, Officer | 10 | $24,049 | $80,852 | $29,630 |
| HAYWORTH KELLY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| JOHNSON FRANCES | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| NOLTE MARK | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| WHITTERS ALEC | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2500 CROSSPARK ROAD, CORALVILLE, IA 52241-4710
- Principal officer (990 for 2024)
- JON DARSEE, 101 JESSUP HALL, IOWA CITY, IA 52242
- Signed the 990
- TERRY JOHNSON, TREASURER
- Phone
- (319) 384-2741
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE UNIVERSITY OF IOWA RESEARCH PARK CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF BUILDING A ROBUST ECOSYSTEM OF TECHNOLOGY-RELATED ENTITIES FOR THE PURPOSE OF ATTRACTING TALENT, EXPANDING RESEARCH, ENHANCING THE REPUTATION OF THE UNIVERSITY OF IOWA, AND CONTRIBUTING TO THE ECONOMY OF THE STATE OF IOWA. UIRPC WILL HOLD TITLE WHEN APPROPRIATE, DISPOSE OF REAL AND PERSONAL PROPERTY OF ALL KINDS, INCLUDING LEASEHOLD INTERESTS THEREIN, COLLECTING THE INCOME THEREFROM.
Program accomplishments
- UIRPC OPERATES A RESEARCH PARK AND IS AN AFFILIATED ORGANIZATION OF THE UNIVERSITY OF IOWA. UIRPC OWNS AND MANAGES LAND AND BUILDING SITES THAT ARE LEASED TO COMPANIES SEEKING SUSTAINED RESEARCH RELATIONSHIPS WITH THE UNIVERSITY OF IOWA.BEGINNING IN AUGUST 2024, A DEED CHANGE WAS RECORDED TRANSFERRING CONTROL OF THE LAND TO UIRPC, AND THE ORGANIZATION NO LONGER OPERATES UNDER A MASTER GROUND LEASE WITH THE STATE OF IOWA.IN THE YEAR ENDED JUNE 30, 2025, UIRPC MANAGED THIRTEEN LAND LEASES. INCOME FROM THESE LEASES TOTALED $213,984, WHILE OPERATING EXPENSES TOTALED $241,018. FOURTEEN OF A TOTAL OF TWENTYSEVEN LOTS REMAIN AVAILABLE TO BE LEASED.Expenses $75,280 · revenue $213,984
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
- 42-1333324
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $5,035,173
- Income (IRS master file)
- $387,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $387,410 | $241,018 | $5,035,173 | IRS |
| 990 | June 2024 | $382,893 | $229,047 | $4,957,072 | IRS |
| 990 | June 2023 | $316,627 | $227,842 | $4,866,884 | XML |
| 990 | June 2022 | $380,417 | $216,185 | $4,843,563 | 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 42-1333324).
Questions about UNIVERSITY OF IOWA RESEARCH PARK CORPORATION
- What is the EIN of UNIVERSITY OF IOWA RESEARCH PARK CORPORATION?
- The employer identification number (EIN) of UNIVERSITY OF IOWA RESEARCH PARK CORPORATION is 42-1333324.
- Is UNIVERSITY OF IOWA RESEARCH PARK CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to UNIVERSITY OF IOWA RESEARCH PARK CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does UNIVERSITY OF IOWA RESEARCH PARK 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 RESEARCH PARK 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 RESEARCH PARK 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 RESEARCH PARK CORPORATION?
- The 990 for the year ended June 30, 2025 names JON DARSEE.
- Who are the officers and directors of UNIVERSITY OF IOWA RESEARCH PARK CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization.
- How much revenue does UNIVERSITY OF IOWA RESEARCH PARK CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $387,410, expenses of $241,018 and total assets of $5,035,173 at year end.
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