Nonprofit · EIN 84-4628214
UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND
Tax-exempt · IOWA CITY, IA 52242
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $66,071,839 | $25,959,537 | $40,112,302 | $1,227,119,293 | $0 | $1,227,119,293 |
| June 30, 2024 | 990 | $37,232,112 | $22,833,554 | $14,398,558 | $1,153,998,796 | $0 | $1,153,998,796 |
| June 30, 2023 | 990 | $26,829,794 | $20,322,321 | $6,507,473 | $1,086,415,530 | $0 | $1,086,415,530 |
| June 30, 2022 | 990 (amended) | $18,514,853 | $13,141,392 | $5,373,461 | $1,048,103,644 | $0 | $1,048,103,644 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $66,071,839
- Net gain from sales of assets
- $27,136,802
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $25,627,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $25,627,000
- Management and general (functional)
- $332,537
Balance sheet and other
- Total assets, start of year
- $1,153,998,796
- Total assets, end of year
- $1,227,119,293
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,227,119,293
- Publicly traded securities
- $688,119,641
- Gross receipts
- $66,071,839
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2020
- 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 |
|---|---|---|---|---|---|
| Erik Lie | Director Trustee or director | 2 | $0 | $533,188 | $53,570 |
| Terry Johnson | Treasurer Officer | 2 | $0 | $365,369 | $61,106 |
| Rodney Lehnertz | President & Director Trustee or director, Officer | 2 | $0 | $366,297 | $59,986 |
| Susan Klatt | Secretary (through 9/10/24) Officer | 2 | $0 | $279,720 | $28,897 |
| Audra Haddy | Secretary Officer | 2 | $0 | $218,114 | $21,753 |
| JC Risewick | Vice President and Director Trustee or director, Officer | – | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Erik Lie | Director Trustee or director | 2 | $0 | $543,609 | $51,214 |
| Terry Johnson | Treasurer Officer | 2 | $0 | $358,067 | $59,014 |
| Rodney Lehnertz | President & Director Trustee or director, Officer | 2 | $0 | $350,963 | $57,868 |
| Thomas Rietz | Director (through 3/25/24) Trustee or director | 2 | $0 | $346,579 | $56,416 |
| Susan Klatt | Secretary Officer | 2 | $0 | $269,958 | $37,193 |
| David Barker | Vice President and Director (through 6/11/24) Trustee or director, Officer | – | $0 | $0 | $0 |
| JC Risewick | Vice President and Director Trustee or director, Officer | – | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Thomas Rietz | Director Trustee or director | 2 | $0 | $390,910 | $53,878 |
| Terry Johnson | Treasurer Officer | 2 | $0 | $356,419 | $55,308 |
| Rodney Lehnertz | President & Director Trustee or director, Officer | 2 | $0 | $346,317 | $54,369 |
| Susan Klatt | Secretary Officer | 2 | $0 | $268,937 | $34,780 |
| David Barker | Vice President and Director Trustee or director, Officer | – | $0 | $0 | $0 |
| Nancy Boettger | Vice President & Director Trustee or director, Officer | – | $0 | $0 | $0 |
990 for the year ended June 30, 2022: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Terry Johnson | Treasurer Officer | 2 | $0 | $392,583 | $53,463 |
| Rodney Lehnertz | President & Director Trustee or director, Officer | 2 | $0 | $374,372 | $52,376 |
| Thomas Rietz | Director Trustee or director | 2 | $0 | $342,980 | $51,590 |
| Susan Klatt | Secretary Officer | 2 | $0 | $285,250 | $33,780 |
| Nancy Boettger | Vice President & Director Trustee or director, Officer | – | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5 W JEFFERSON ST 105, IOWA CITY, IA 52242-0000
- In care of
- % TERRY JOHNSON
- Principal officer (990 for 2024)
- Terry Johnson, 5 W Jefferson St 105, Iowa City, IA 52242
- Signed the 990
- Terry Johnson, Treasurer
- Phone
- (319) 335-2791
Mission
SUPPORT THE STATE UNIVERSITY OF IOWA'S STRATEGIC PLAN IMPLEMENTATION BY PROVIDING GRANTS FOR SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES AND SUBSIDIZING UTILITY EXPENSES.
Program accomplishments
- Grants for Scientific Research and Educational Activities (Growing Iowa into a Leader in Airborne and Ground-based Earth Science Measurement Capability, $1,270,700; The Iowa Health Data Resource: Extending the Impact, $902,890; Enhancing Education Infrastructure, $2,000,000; Relocate Department of Dance, $3,000,000; Implementation of Academic Advising Recommendations, $285,000; Startup Company Patent Support Pilot, $185,000; NIH T32 Training Grant application in Cancer Drug Discovery ad Development, $193,950; AI in Undergraduate Education, $195,000; Launching the Next Phase of Iowa Space Missions, $653,485; Identifying Key Drivers of Cancer in Iowa, $985,417; HIHI: Strategically Retaining and Recruiting Talented Faculty, $4,000,000; A Proposal for Iowa's AI Journey: First Steps in General AI Support, $784,517; Iowa's AI Journey: First Steps in AI Support for Research Scholarly and Creative Activities, $615,000; Return of Unused Funds from Previous Grants, ($70,959))grants $15,000,000
- Subsidization of Utility Expensesgrants $10,627,000
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
- 84-4628214
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $1,227,119,293
- Income (IRS master file)
- $66,071,839
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $66,071,839 | $25,959,537 | $1,227,119,293 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $37,232,112 | $22,833,554 | $1,153,998,796 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $26,829,794 | $20,322,321 | $1,086,415,530 | XML |
| 990 | June 2022 | $18,514,853 | $13,141,392 | $1,048,103,644 | XML |
| 990 | June 2021 | – | – | – | 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 84-4628214).
Questions about UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND
- What is the EIN of UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND?
- The employer identification number (EIN) of UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND is 84-4628214.
- Is UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND 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 STRATEGIC INITIATIVES FUND 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 STRATEGIC INITIATIVES FUND 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 STRATEGIC INITIATIVES FUND?
- The 990 for the year ended June 30, 2025 names Terry Johnson.
- Who are the officers and directors of UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF IOWA STRATEGIC INITIATIVES FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $66,071,839, expenses of $25,959,537 and total assets of $1,227,119,293 at year end.
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