State University of Iowa Foundation

“Iowa volunteer networks which have been recognized by the state university of iowa foundation (dba univ of iowa center for advancement 42-0796760) serve as an extending arm from the university to its alumni and friends in local and regional areas. Iowa volunteer networks strengthen the university of iowa and provide a network for alumni through the planning and implementation of a variety of social, educational, and cultural programs. The recognized iowa volunteer network program categorizes four organizational levels based upon types of activities performed. Recognized iowa volunteer networks annually complete specific compliance standards to maintain their recognition status and to access corresponding resources provided by the university of iowa center for advancement (uica). Each year iowa volunteer networks complete a report and certification document to inform the uica about its qualifying activities and compliance. General guidelines for tax compliance reporting are also included in this handbook to advise volunteers about reporting requirements.”

“The executive committee of the board of directors shall serve as a compensation committee in fulfilling the board's oversight responsibilities for determining the adequacy and reasonableness of the compensation and benefits paid to the president and ceo, other board elected officials, and key employees (collectively referred to as disqualified persons.) the executive committee shall perform the following responsibilities: (1) establish performance criteria, set terms of employment, and establish total compensation arrangement for the president and ceo (2) identify with the assistance of the president, other disqualified persons (3) review and approve recommendations of the president for the terms of employment and total compensation of all disqualified persons. The executive committee shall regularly obtain, review and consider relevant comparative data of compensation and benefit levels paid/provided by similarly situated organizations. The executive compensation subcommittee performed the review in 2024.”

“The board of directors of the university of iowa center for advancement (uica) through its bylaws, delegates authority to act on its behalf to an executive committee. The executive committee has and exercises all of the powers of the board between meetings of the board to the extent permitted by law. Reports of the action of the executive committee are submitted to the board at its next meeting following the act taken by the executive committee. The executive committee consists of the chair of the board and not fewer than three or more than nine members of the board appointed by the board at its annual meeting. The president of the state university of iowa is an ex officio member with voting power. All members of the executive committee are members of the board of directors.”

“The organization's articles of incorporation were amended to properly reflect the purpose and objectives of the organization. The organization grants gifts to the university for use in its research, public/community service, and educational activities.”

“The form 990 is prepared and reviewed by an independent accounting firm. A subcommittee of the board of directors conducts a detailed review of the form 990. Following the detailed review, the final form 990 is provided to all board members to review prior to the filing deadline.”

“The board of directors, board committee members, and officers (responsible persons) of the university of iowa center for advancement (uica) have a duty to conduct activities of the uica with the highest ethical standards and to make decisions concerning the uica solely to advance its mission and interests. This conflict of interest policy is to assist the uica and responsible persons in identifying situations that present potential or actual conflicts of interest and to specify procedures for managing them. Reporting procedures: each responsible person must annually complete and submit a statement setting forth any and all potential and actual conflicts of interest that are anticipated to occur in the coming fiscal year. The annual statement will be initially reviewed by the treasurer and, if determined necessary after the treasurer's review, by the chair of the board. In addition to the annual disclosure statement, upon becoming aware of any actual or potential conflict of interest not previously disclosed, a responsible person must promptly report in writing to the chair of the board. The chair's annual statement and supplemental reports, if any, shall be reviewed by the executive committee. Determination of the conflict: the executive committee, without the affected responsible person present, shall determine whether a conflict of interest exists. If a conflict of interest exists, the material facts of the responsible person's conflicts of interest will be disclosed to the board of directors. Action and recusal: the board shall determine whether to authorize, approve, or ratify the arrangement/transaction based solely on whether it is in the best interest of the university of iowa center for advancement in performing its mission. The authorization, approval, and ratification must be accomplished by an affirmative vote, as applicable, of a majority of the directors on the board who have no direct or indirect interest in the arrangement/transaction.”

“The governing documents, conflict of interest policy, financial statements and form 990 are available to the public upon request; instructions for doing so are included on the university of iowa center for advancement website (www.foriowa.org).”

“Loves the university of iowa - alumni, fans, patients, art lovers, students, parents and friends - through programming, events and opportunities to give back to the university of iowa. The university of iowa center for advancement, an operational name for the state university of iowa foundation, is an independent organization and the preferred channel for private contributions that benefit all areas of the university of iowa.”

“(Expenses $ 31,349,373 including grants of $ 30,645,703)(Revenue $ 2,688,386) GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR RESEARCH.”

“(Expenses $ 14,988,118 including grants of $ 14,651,694)(Revenue $ 1,285,316) GRANTS PROVIDING RESOURCES TO THE UNIVERSITY OF IOWA FOR FACILITIES.”

“(Expenses $ 1,796,561 including grants of $ 0)(Revenue $ 0) STRENGTHEN THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT EFFORTS WITH ALUMNI AND DONORS.”

“CHANGES IN NET ASSETS OF UNIVERSITY OF IOWA FACILITIES - -9620; INCOME FROM INVESTMENT K-1'S - -3478318; Total - -3487938;”