Civic Intelligence

Iowa State University 1993 Trust

EIN 42-6527697 • 501(c)3 • Ames, IA

Pub. 78 Eligible

Profile

To provide support for a variety of educational programs at Iowa State University.

515 Morrill Rd 1350 Beardshear HalAmes, IA 50011-2103

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

5th percentile

-61%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$703,949

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 59.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

20th percentile

-3.4%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

8.5%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$11,412,342

Down $299,886 (-2.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$11,412,342

Down $299,886 (-2.6%) from 2023

Revenue

Up

$798,112

Up $130,384 (+20%) from 2023

Expenses

Up

$1,097,998

Up $21,056 (+2.0%) from 2023

Net Income

Up

-$299,886

Up $109,328 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $14,109,357Liabilities 2010: $62,221Net Assets 2010: $14,047,1362010Assets 2011: $15,039,704Liabilities 2011: $879,143Net Assets 2011: $14,160,5612011Assets 2012: $13,957,633Liabilities 2012: $133,823Net Assets 2012: $13,823,8102012Assets 2013: $13,326,159Liabilities 2013: $0Net Assets 2013: $13,326,1592013Assets 2014: $13,143,233Liabilities 2014: $0Net Assets 2014: $13,143,2332014Assets 2015: $12,859,390Liabilities 2015: $0Net Assets 2015: $12,859,3902015Assets 2016: $12,437,558Liabilities 2016: $0Net Assets 2016: $12,437,5582016Assets 2017: $13,186,846Liabilities 2017: $0Net Assets 2017: $13,186,8462017Assets 2018: $13,442,750Liabilities 2018: $0Net Assets 2018: $13,442,7502018Assets 2019: $13,091,435Liabilities 2019: $0Net Assets 2019: $13,091,4352019Assets 2020: $12,599,147Liabilities 2020: $0Net Assets 2020: $12,599,1472020Assets 2021: $12,562,800Liabilities 2021: $0Net Assets 2021: $12,562,8002021Assets 2022: $12,121,442Liabilities 2022: $0Net Assets 2022: $12,121,4422022Assets 2023: $11,712,228Liabilities 2023: $0Net Assets 2023: $11,712,2282023Assets 2024: $11,412,342Liabilities 2024: $0Net Assets 2024: $11,412,3422024

Highlighted filing

2024

Assets$11,412,342
Liabilities$0
Net Assets$11,412,342

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $801,2902010Revenue 2011: $823,271Expenses 2011: $709,846Net Income 2011: $113,4252011Expenses 2012: $669,8352012Revenue 2013: $202,872Expenses 2013: $700,523Net Income 2013: -$497,6512013Revenue 2014: $592,711Expenses 2014: $775,637Net Income 2014: -$182,9262014Revenue 2015: $565,174Expenses 2015: $849,017Net Income 2015: -$283,8432015Revenue 2016: $468,118Expenses 2016: $889,950Net Income 2016: -$421,8322016Revenue 2017: $1,655,444Expenses 2017: $906,156Net Income 2017: $749,2882017Revenue 2018: $1,181,030Expenses 2018: $925,126Net Income 2018: $255,9042018Revenue 2019: $574,769Expenses 2019: $926,084Net Income 2019: -$351,3152019Revenue 2020: $451,980Expenses 2020: $944,268Net Income 2020: -$492,2882020Revenue 2021: $963,289Expenses 2021: $999,636Net Income 2021: -$36,3472021Revenue 2022: $615,476Expenses 2022: $1,056,834Net Income 2022: -$441,3582022Revenue 2023: $667,728Expenses 2023: $1,076,942Net Income 2023: -$409,2142023Revenue 2024: $798,112Expenses 2024: $1,097,998Net Income 2024: -$299,8862024

Highlighted filing

2024

Revenue$798,112
Expenses$1,097,998
Net Income-$299,886

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$0.80$1.10$0.30
2023Detailed filing. Detailed filing data is available for this year.$11.7$0.00$11.7$0.67$1.08$0.41
2022Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$0.62$1.06$0.44
2021Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.96$1.00$0.04
2020Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.45$0.94$0.49
2019Detailed filing. Detailed filing data is available for this year.$13.1$0.00$13.1$0.57$0.93$0.35
2018Detailed filing. Detailed filing data is available for this year.$13.4$0.00$13.4$1.18$0.93$0.26
2017Detailed filing. Detailed filing data is available for this year.$13.2$0.00$13.2$1.66$0.91$0.75
2016Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$0.47$0.89$0.42
2015Detailed filing. Detailed filing data is available for this year.$12.9$0.00$12.9$0.57$0.85$0.28
2014Detailed filing. Detailed filing data is available for this year.$13.1$0.00$13.1$0.59$0.78$0.18
2013Detailed filing. Detailed filing data is available for this year.$13.3$0.00$13.3$0.20$0.70$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$0.13$13.8$0.67
2011Summary only. Only limited summary data is available for this year.$15.0$0.88$14.2$0.82$0.71$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$0.06$14.0$0.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$4,675,991
Mission and Program Overview

Mission

To provide support for a variety of educational programs at Iowa State University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$11,712,228$11,412,342▼ $299,886
Investments in Publicly Traded Securities$11,689,322$11,399,026▼ $290,296
Cash and Non-Interest-Bearing Accounts$22,906$13,316▼ $9,590
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$11,712,228$11,412,342▼ $299,886
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,712,228$11,412,342▼ $299,886
Total Liabilities and Net Assets / Fund Balance$11,712,228$11,412,342▼ $299,886

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$11,712,228-▲ $798,112-$11,412,342
2023$12,121,442-▲ $667,728-$11,712,228
2022$12,562,800-▲ $615,476-$12,121,442
2021$12,599,147-▲ $963,289-$12,562,800
2020$13,091,435-▲ $451,980-$12,599,147
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wendy WintersteenTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$798,112
Other Revenue
$0
Change in Net Assets
$-299,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$826,998
Other Expenses$271,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$826,998--$826,998
Other Expenses-$258,281-$258,281
Fees for Service Investment Mgmnt Fees-$11,095-$11,095
Fees for Services Other-$1,624-$1,624
Total Functional Expenses$826,998$271,000$0$1,097,998
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Iowa State UniversityAmes, IA115Grants for Strategic Initiative$826,998
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 8A

Pursuant to its trust agreement, Iowa State University 1993 Trust ("the Trust") is required to keep record of all actions resolved by it to be taken. The Trustee regularly meets with the Iowa State University Budget Committee to discuss actions related to the Trust. The Trustee consults with the Provost and Associate Vice President of Budget and Planning of Iowa State University to discuss actions regarding budget planning for the Trust. The Iowa State University Treasurer's office and Associate Controller periodically review actions by the Trustee.

Form 990, Part VI, Section A, line 8B

See Part VI, Line 8a narrative above.

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

Iowa State University 1993 Trust prepares the Form 990 within the Finance Department at Iowa State University. Upon completion of gathering the necessary information for the return, the form was compiled by Iowa State University's 1993 trust's accounting firm. Drafts of the form were reviewed by the Associate VP and Trustee. A copy of the Form 990 is provided to the trustee prior to filing with the IRS.

Form 990, Part VI, Section B, line 15

The State of Iowa, Board of Regents ("Board of Regents") is responsible for establishing the compensation of the President of Iowa State University, who is concurrently the sole Trustee of the Iowa State University 1993 Trust. The compensation and incentive plan is evaluated and approved by the Board of Regents. The Board of Regents reviews the salary ranges and recommends salary increases for the President, based upon the Board of Regents' evaluation of job performance and experience level of the individual. The Board of Regents sets a range for the performance incentive plan and further discusses these incentive goals with the President.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Iowa State University 1993 Trust
EIN
42-6527697
Phone
5152949131
Address
515 Morrill Rd 1350 Beardshear Hal, Ames, IA 50011-2103

Signing Officer

Name
Wendy Wintersteen
Title
Trustee
Phone
5152949131
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Wintersteen
Formed
1995
Legal Domicile
Ia
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Deloitte Tax LLP
Address
50 South Sixth Street Suite 2800, Minneapolis, MN 55402
Preparer
Anna Kolakaluri
Phone
6123974000
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

Iowa State University 1993 Trust uses endowment funds to provide for Iowa State University to enhance the students learning in various fields of study.

Raw XML Appendix387 raw XML fields

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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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Iowa State University 1993 Trust uses endowment funds to provide for Iowa State University to enhance the students learning in various fields of study.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0826998
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Grants for Strategic Initiative
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Iowa State University
IRS990ScheduleI/RecipientTable/RecipientEIN0426004224
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0515 Morrill Rd1350 Beardshear Hall
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Ames
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050011
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All grant distributions are limited to Iowa State University, of which the sole trustee is the president.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt080000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0668500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023260
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt098417
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Wendy Wintersteen
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01464917
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The State of Iowa, Board of Regents ("Board of Regents") is responsible for establishing the compensation of the President of Iowa State University, who is concurrently the sole Trustee of the Iowa State University 1993 Trust. The compensation and incentive plan is evaluated and approved by the Board of Regents. The Board of Regents reviews the salary ranges and recommends salary increases for the President, based upon the Board of Regents' evaluation of job performance and experience level of the individual. The Board of Regents sets a range for the performance incentive plan and further discusses these incentive goals with the President.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1Wendy Wintersteen, Truestee is eligible to participate in non-qualified deferred compensation plans. This plan complies with Section 457(f) of the Internal Revenue Code. The following individuals received a payout from the Plan during the year: Wendy Wintersteen: $ 80,000
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 4b:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Pursuant to its trust agreement, Iowa State University 1993 Trust ("the Trust") is required to keep record of all actions resolved by it to be taken. The Trustee regularly meets with the Iowa State University Budget Committee to discuss actions related to the Trust. The Trustee consults with the Provost and Associate Vice President of Budget and Planning of Iowa State University to discuss actions regarding budget planning for the Trust. The Iowa State University Treasurer's office and Associate Controller periodically review actions by the Trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1See Part VI, Line 8a narrative above.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Iowa State University 1993 Trust prepares the Form 990 within the Finance Department at Iowa State University. Upon completion of gathering the necessary information for the return, the form was compiled by Iowa State University's 1993 trust's accounting firm. Drafts of the form were reviewed by the Associate VP and Trustee. A copy of the Form 990 is provided to the trustee prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The State of Iowa, Board of Regents ("Board of Regents") is responsible for establishing the compensation of the President of Iowa State University, who is concurrently the sole Trustee of the Iowa State University 1993 Trust. The compensation and incentive plan is evaluated and approved by the Board of Regents. The Board of Regents reviews the salary ranges and recommends salary increases for the President, based upon the Board of Regents' evaluation of job performance and experience level of the individual. The Board of Regents sets a range for the performance incentive plan and further discusses these incentive goals with the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0515 Morrill Rd1350 Beardshear Hall
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IRS990/TotalCompGreaterThan150KInd01
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0271000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0826998
IRS990/TotalFunctionalExpensesGrp/TotalAmt01097998
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IRS990/TotalRevenueGrp/ExclusionAmt0798112
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IRS990/USAddress/AddressLine1Txt0515 Morrill Rd 1350 Beardshear Hall
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IRS990/VotingMembersGoverningBodyCnt01
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Wendy Wintersteen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum05152949131
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Iowa State University 1993 Trust
ReturnHeader/Filer/BusinessNameControlTxt0IOWA
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ReturnHeader/Filer/PhoneNum05152949131
ReturnHeader/Filer/USAddress/AddressLine1Txt0515 Morrill Rd 1350 Beardshear Hal
ReturnHeader/Filer/USAddress/CityNm0Ames
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Deloitte Tax LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 South Sixth Street Suite 2800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123974000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anna Kolakaluri
ReturnHeader/ReturnTs02025-05-12T10:34:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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