Civic Intelligence

Upper Iowa University

990 • Fiscal year 2018 • EIN 42-0680372

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 15, 2019

PO Box 1857Fayette, IA 52142

(563) 425-5384

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.63x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

1.15x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

19th percentile

-3.5%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

22nd percentile

$273,204

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

26th percentile

-1.6%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

20%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Down

$124,013,890

Down $2,033,513 (-1.6%) from 2017

Net Assets

Down

$45,771,510

Down $931,443 (-2.0%) from 2017

Liabilities

Down

$78,242,380

Down $1,102,070 (-1.4%) from 2017

Revenue

Up

$67,898,657

Up $11,304,839 (+20%) from 2017

Expenses

Up

$70,300,155

Up $501,770 (+0.7%) from 2017

Net Income

Up

-$2,401,498

Up $10,803,069 (+82%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $101,166,948Liabilities 2011: $50,241,978Net Assets 2011: $50,924,9702011Assets 2012: $120,902,704Liabilities 2012: $58,192,254Net Assets 2012: $62,710,4502012Assets 2013: $132,822,879Liabilities 2013: $77,534,053Net Assets 2013: $55,288,8262013Assets 2014: $131,934,478Liabilities 2014: $77,007,214Net Assets 2014: $54,927,2642014Assets 2015: $136,319,704Liabilities 2015: $78,516,466Net Assets 2015: $57,803,2382015Assets 2016: $135,359,400Liabilities 2016: $77,520,342Net Assets 2016: $57,839,0582016Assets 2017: $126,047,403Liabilities 2017: $79,344,450Net Assets 2017: $46,702,9532017Assets 2018: $124,013,890Liabilities 2018: $78,242,380Net Assets 2018: $45,771,5102018Assets 2019: $121,095,876Liabilities 2019: $78,558,201Net Assets 2019: $42,537,6752019Assets 2020: $114,220,726Liabilities 2020: $75,684,269Net Assets 2020: $38,536,4572020Assets 2021: $117,313,002Liabilities 2021: $73,581,248Net Assets 2021: $43,731,7542021Assets 2022: $112,257,129Liabilities 2022: $76,822,982Net Assets 2022: $35,434,1472022Assets 2023: $108,758,779Liabilities 2023: $83,394,093Net Assets 2023: $25,364,6862023Assets 2024: $110,702,954Liabilities 2024: $85,774,282Net Assets 2024: $24,928,6722024Assets 2025: $105,804,386Liabilities 2025: $81,791,201Net Assets 2025: $24,013,1852025

Highlighted filing

2018

Assets$124,013,890
Liabilities$78,242,380
Net Assets$45,771,510

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2011: $72,442,2552011Expenses 2012: $63,882,3932012Expenses 2013: $69,895,7532013Revenue 2014: $68,572,391Expenses 2014: $69,018,234Net Income 2014: -$445,8432014Revenue 2015: $76,273,426Expenses 2015: $73,128,023Net Income 2015: $3,145,4032015Revenue 2016: $73,505,221Expenses 2016: $72,976,928Net Income 2016: $528,2932016Revenue 2017: $56,593,818Expenses 2017: $69,798,385Net Income 2017: -$13,204,5672017Revenue 2018: $67,898,657Expenses 2018: $70,300,155Net Income 2018: -$2,401,4982018Revenue 2019: $68,550,659Expenses 2019: $70,721,590Net Income 2019: -$2,170,9312019Revenue 2020: $66,646,644Expenses 2020: $70,994,941Net Income 2020: -$4,348,2972020Revenue 2021: $64,089,593Expenses 2021: $65,279,904Net Income 2021: -$1,190,3112021Revenue 2022: $60,335,921Expenses 2022: $64,641,587Net Income 2022: -$4,305,6662022Revenue 2023: $53,872,408Expenses 2023: $63,666,124Net Income 2023: -$9,793,7162023Revenue 2024: $48,439,105Expenses 2024: $51,639,881Net Income 2024: -$3,200,7762024Revenue 2025: $49,001,254Expenses 2025: $52,478,722Net Income 2025: -$3,477,4682025

Highlighted filing

2018

Revenue$67,898,657
Expenses$70,300,155
Net Income-$2,401,498
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 15, 2019
Return Version
2017v2.3
Gross Receipts
$68,753,945
Mission and Program Overview

Mission

Upper iowa university provides quality educational opportunities accessible through varied delivery methods to inspire success and empower lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$86,044,852$84,504,832▼ $1,540,020
Investments in Publicly Traded Securities$16,535,399$17,953,945▲ $1,418,546
Accounts Receivable$8,405,692$5,842,562▼ $2,563,130
Savings and Temporary Cash Investments$3,639,113$4,335,750▲ $696,637
Cash and Non-Interest-Bearing Accounts$4,233,096$3,868,473▼ $364,623
Pledges and Grants Receivable$1,136,987$1,298,193▲ $161,206
Investments Other Securities$700,266$699,769▼ $497
Prepaid Expenses and Deferred Charges$477,385$514,459▲ $37,074
Other Notes and Loans Receivable, Net$199,022$158,404▼ $40,618
Inventories for Sale or Use$86,740$85,774▼ $966
Total Assets$126,047,403$124,013,890▼ $2,033,513
Other Assets Total$4,588,851$4,751,729▲ $162,878
Liabilities
Tax Exempt Bond Liabilities$69,950,849$69,987,485▲ $36,636
Accounts Payable and Accrued Expenses$5,534,616$5,382,333▼ $152,283
Other Liabilities$3,065,495$2,230,468▼ $835,027
Deferred Revenue$545,455$409,091▼ $136,364
Escrow Account Liability$248,035$233,003▼ $15,032
Total Liabilities$79,344,450$78,242,380▼ $1,102,070
Net Assets / Fund Balance
Unrestricted Net Assets$27,776,746$25,921,381▼ $1,855,365
Permanently Rstr Net Assets$12,968,172$13,477,375▲ $509,203
Temporarily Rstr Net Assets$5,958,035$6,372,754▲ $414,719
Total Net Assets Fund Balance$46,702,953$45,771,510▼ $931,443
Total Liabilities and Net Assets / Fund Balance$126,047,403$124,013,890▼ $2,033,513

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$74,620,115$25,597,258$100,217,373
Equipment$2,167,842$9,896,716$12,064,558
Leasehold Improvements$3,195,505$5,775,494$8,970,999
Land$3,032,284-$3,032,284
Other Land Buildings$1,489,086$1,401,652$2,890,738

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$17,174,690$351,512▲ $1,312,780$390,482$18,448,500
2016$14,942,276$660,272▲ $1,704,206$132,064$17,174,690
2015$11,561,590$3,591,327▲ $48,112-$14,942,276
2014$11,470,545$163,026▲ $145,029$217,010$11,561,590
2013$10,199,704$170,254▲ $1,255,467$154,880$11,470,545
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William R Duffy IiPresidentFT$200,968$72,236$273,204
Kathy FrankenVP for EnrollmentFT$133,537$29,846$163,383
David MillerDirector of AthleticsFT$62,388$91,008$153,396
Murtuz SiddiquiCFOFT$126,750$12,593$139,343
Andrew WentheVP of External AffairsFT$120,661$18,565$139,226
Ismael BetancourtVP for InternationalFT$120,509$16,305$136,814
Phyllis Joan PoorProvostFT$115,501$4,877$120,378
Robert FirthTrustee/adjunct Instructor-$5,951-$5,951
Betty Davis FirthTrustee/adjunct Instructor-$3,803-$3,803

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Baker GroupMaintenance/repair1600 SE CORPORATE WOODS DRIVE, Ankeny, IA 50021$2,412,434
Aramark Services INCFood Service27310 NETWORK PLACE, Chicago, IL 60673$2,125,686
Mbs Direct LLCBookstorePO BOX 617, Columbia, MO 65205$943,892
Register MediaAdvertising400 LOCUST STREET STE 500, Des Moines, IA 50309$919,414
Fairpark Business Center LLCInstallment Payments For Lease/purchase6737 W WASHINGTON STREET STE 2220, Milwaukee, WI 53214$569,434
Revenue and Support

Revenue Composition

Contributions and Grants
$2,381,232
Program Service Revenue
$64,508,889
Investment Income
$95,159
Other Revenue
$913,377
All Other Contributions
$1,780,927
Change in Net Assets
$-2,401,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$50,474,884
Revenue Not Reported on Financial Statements
$17,423,773
Revenue Not Reported on Form 990
$1,552,505
Other Revenue Adjustments
$17,339,273
Total Revenue per Audited Statements
$52,027,389
Total Revenue per Form 990
$67,898,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$29,773,065
Other Expenses$23,104,819
Grants and Similar Amounts Paid$17,339,273
Total Fundraising Expense$937,510
Professional Fundraising Fees$82,998

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,023,374$3,446,387$472,094$22,941,855
Grants to Domestic Individuals$17,339,273--$17,339,273
Office Expenses$3,531,663$892,078$44,315$4,468,056
Other Employee Benefits$2,196,053$1,873,862$90,047$4,159,962
Fees for Services Other$773,422$3,255,692-$4,029,114
Depreciation Depletion$3,077,124--$3,077,124
Advertising$2,915,254-$90,662$3,005,916
Occupancy$2,904,477--$2,904,477
Payroll Taxes$1,435,511$249,147$34,129$1,718,787
Information Technology$1,572,646--$1,572,646
Travel$1,321,610$73,690$43,720$1,439,020
Interest$756,209--$756,209
Current Officers, Directors, Trustees, and Key Employees-$476,950-$476,950
Pension Plan Contributions$397,141$68,928$9,442$475,511
Other Expenses$287,240--$287,240
Fees for Services Legal-$261,842-$261,842
Insurance$222,257--$222,257
Conferences and Meetings$177,938$14,743-$192,681
Fees for Service Investment Mgmnt Fees-$87,549$70,103$157,652
Fees for Services Accounting-$135,656-$135,656
Fees for Services Management$94,289--$94,289
Fees for Services Professional Fundraising--$82,998$82,998
Total Functional Expenses$58,526,121$10,836,524$937,510$70,300,155

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$70,300,155
Total Expenses per Audited Statements$52,958,832
Expenses per Audited Statements$52,876,382
Expenses Not Reported on Financial Statements$17,423,773
Other Expense Adjustments$17,339,273
Expenses Not Reported on Form 990$82,450
International Activity

International Summary

Offices
2
Employees
60
Spending
$3,527,529

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Investments-260$3,070,505
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$457,024
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$82,998
Fundraising Direct Expenses$27,196
Fundraising Gross Income$24,723

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Peacock Classic$19,128$19,128$659$18,469
PRESIDENT'S BALL$74,769$5,595$6,302$-707
Total Events$93,897$24,723$27,196$-2,473
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits and Deferred Tuition$873,399
Post Retirement Benefit Payable$849,778
Lease Payable$386,553
Federal Student Loan Funds$120,738

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIowa Higher Education Loan Authority2016-08-25$70,940,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$71,259,595$4,219,155-$1,025,786

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The executive committee consists of the officers of the board of trustees and the president of the university. The executive committee has the power to act for the board of trustees between its sessions, on issues consistent with prior board approval. The executive committee may not take any action inconsistent with a prior act of the board of trustees, award degrees, alter bylaws, locate permanent buildings on tax-exempt property held for university purposes, remove or appoint the president of the university, or take any action that has been reserved for the board, unless specifically empowered by the board of trustees to do so.

Form 990, Part VI, Section A, Line 2

Robert firth and betty davis firth have a family relationship.

Form 990, Part VI, Section B, Line 11B

The controller and the accountant assist in the preparation of the form 990 and supporting schedules. The cfo and controller review the final draft of the form 990 and supporting schedules. The board reviews the form 990 before filing with the irs.

Form 990, Part VI, Section B, Line 12C

Trustees or officers of upper iowa university will disclose to the board any existing or potential conflicts of interest. With respect to specific transactions involving such an interest, the disclosure will be made at the earliest possible time and annually after that. Trustees or officers will not vote on, nor participate in discussing, any matter in which they have a conflict of interest, except to provide information. Trustees or officers who are uncertain about a possible conflict of interest may request that the board of trustees determine whether a conflict exists. The governance committee, assistant secretary, and assistant treasurer of the board of trustees gathers and reviews the annual disclosure forms and deals with the information appropriately as necessary.

Form 990, Part VI, Section B, Line 15A

The presidential evaluation committee consists of independent members of the board of trustees. The evaluation is carried out in the spring of each year. The evaluation shall include but not be limited to the following: assessment of the completion of the goals set for the current year, and setting new goals for the following year (goals should include specific items such as enrollment projections on and off campus, amount of income projected, and raises). The presidential evaluation committee met to review goals, deliverables for the overall university as president, and market data for the position. The evaluation committee met with the president to determine goals, and discussed the process and recommendation with the full board of trustees at the winter 2018 meeting, held in february 2018. The full board of trustees voted to renew the president's contract for compensation and benefits. The president negotiates contracts and sets compensation for other officers and key employees.

Form 990, Part VI, Section C, Line 19

The university's website has an "about uiu" link that provides the public with information regarding our mission, vision, strategic plan, and other news and informational items. The university does not post the governing documents, conflict of interest policy, or financial statements on the public website.

Filing and Contact Details

Filer

Filer Name
Upper Iowa University
EIN
42-0680372
Phone
5634255384
Address
PO BOX 1857, FAYETTE, IA 52142

Signing Officer

Name
William R Duffy Ii
Title
President
Phone
5634255384
Signed
2019-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William R Duffy Ii
Formed
1857
Legal Domicile
Ia
Voting Board Members
20
Independent Board Members
17
Employees
1,764
Volunteers
21

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in beneficial interest in trusts held by others 162,878.

Financial Statement Notes

PART III, LINE 4:

The university's artwork consists of various sculptures located throughout the campus to beautify the campus and highlight the university's diversity.

PART IV, LINE 2B:

The university is a custodian of bank accounts for various student groups.

PART V, LINE 4:

The university spends the distributions from our unrestricted endowment funds for operations and for the restricted purpose for all restricted endowment funds. The restricted endowment funds are primarily restricted for student scholarships, but also include small funds for equipment, professorships, library books, and athletics. The distribution is determined by the spend policy and approved by the board.

PART X, LINE 2:

The internal revenue service has determined that the university is exempt from federal income tax under section 501(c)(3) of the internal revenue code. Accordingly, the university is not subject to federal income taxes except to the extent it derives income from certain activities not substantially related to its tax-exempt purposes (unrelated business activities). The university is also exempt from state income taxes. The foreign subsidiaries are taxable entities in the countries they are located. Accrued tax payable and income tax expense are related to the foreign subsidiaries. The university follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the university for uncertain tax positions as of june 30, 2018 and 2017. The university's tax returns are subject to review and examination by federal and state authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in beneficial interest in trusts held by others 162,878. Direct rental expenses 55,254. Direct fundraising expenses 27,196.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarships, tuitions and grants 17,339,273.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 27,196. Direct rental expenses 55,254.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships, tuitions and grants 17,339,273.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0UPPER IOWA UNIVERSITY SERVED 8,765 STUDENTS WORLDWIDE. THE FAYETTE CAMPUS SERVED 815 TRADITIONAL UNDERGRADUATE STUDENTS, DRAWING THE MAJORITY OF THESE STUDENTS FROM IOWA, MINNESOTA, WISCONSIN AND ILLINOIS. THE UNIVERSITY ALSO HAS A LARGE INTERNATIONAL STUDENT POPULATION. THE INTERNATIONAL AND DOMESTIC STUDENTS MAKE UPPER IOWA UNIVERSITY THE MOST DIVERSE SCHOOL OF ITS SIZE IN IOWA. THE UNIVERSITY IS DIVERSE IN ITS ETHNICITY, RACE, GENDER, ECONOMICS, AND GEOGRAPHY. UNDERGRADUATE DEGREES ARE OFFERED THROUGH THE SCHOOL OF EDUCATION, THE SCHOOL OF BUSINESS, THE SCHOOL OF LIBERAL ARTS AND THE SCHOOL OF SCIENCE AND MATHEMATICS. UPPER IOWA UNIVERSITY OFFERS SEVERAL MASTER'S DEGREES, BOTH ONLINE AND FACE-TO-FACE. MASTER'S DEGREES ARE AVAILABLE IN EDUCATION, BUSINESS ADMINISTRATION, AND PUBLIC ADMINISTRATION. POST-GRADUATE CERTIFICATES ALSO ARE AVAILABLE IN ACCOUNTING, CORPORATE FINANCIAL MANAGEMENT, HUMAN RESOURCE MANAGEMENT, LITERACY COACH, TEACHER LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$106$81.8$24.0$49.0$52.5$3.48
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$85.8$24.9$48.4$51.6$3.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$83.4$25.4$53.9$63.7$9.79
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$76.8$35.4$60.3$64.6$4.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$73.6$43.7$64.1$65.3$1.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$75.7$38.5$66.6$71.0$4.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$121$78.6$42.5$68.6$70.7$2.17
2018Detailed filing. Detailed filing data is available for this year.$124$78.2$45.8$67.9$70.3$2.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$79.3$46.7$56.6$69.8$13.2
2016Detailed filing. Detailed filing data is available for this year.$135$77.5$57.8$73.5$73.0$0.53
2015Detailed filing. Detailed filing data is available for this year.$136$78.5$57.8$76.3$73.1$3.15
2014Detailed filing. Detailed filing data is available for this year.$132$77.0$54.9$68.6$69.0$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$133$77.5$55.3$69.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$58.2$62.7$63.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$50.2$50.9$72.4