Overview
What is University Of Iowa Facilities Corporation?
The University of Iowa Facilities Corporation is a nonprofit organization, situated in Iowa City, Iowa. Its primary function is to acquire and manage property, serving the benefit and needs of the University of Iowa. By doing so, it contributes significantly to the university's operations and growth. This corporation's role in property acquisition and management is essential to ensuring the University of Iowa has the necessary resources to fulfill its academic and research objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The University of Iowa Facilities Corporation has received a 54% score from Charity Navigator, indicating concerns about its financial health and program expenses. While the organization has a strong governance structure, including a fully independent board and comprehensive policies on conflicts of interest and whistleblowing, its program expense ratio is notably at 0.00%. This suggests that funds may not be effectively directed toward the organization’s mission-based programs.
In terms of accountability and finance, the corporation shows strengths such as proper documentation and meeting minutes. However, the liabilities to assets ratio stands at 0.16%, which raises questions about its financial stability and effective use of resources. The compensation for key individuals is also notable, with the president's salary reaching $569,491, which may be viewed as high relative to the overall performance and mission fulfillment.
Overall, while there are strong governance practices in place, the lack of program expenses and concerns about financial ratios highlight significant areas for improvement. Stakeholders may want to seek further information about how resources are allocated to better understand the impact of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Iowa Facilities Corporation legitimate?
University Of Iowa Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Iowa Facilities Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of University Of Iowa Facilities Corporation?
The University of Iowa Facilities Corporation's primary mission is to procure and manage property for the benefit and utilization of the University of Iowa. This organization serves to acquire and hold real estate assets, contributing to the university's overall growth and development. The ultimate goal is to ensure that the University of Iowa can effectively utilize these properties to further its educational and research objectives. The Corporation's activities are centered around acquiring, maintaining, and managing property to support the university's academic and research endeavors.
Who is the CEO of University Of Iowa Facilities Corporation?
Lynette Marshall is the Principal Officer of University Of Iowa Facilities Corporation.
What is the revenue of University Of Iowa Facilities Corporation?
University Of Iowa Facilities Corporation's revenue in 2023 was $70,739.
Who are the executives of University Of Iowa Facilities Corporation and what are their salaries?
There 9 volunteers at University Of Iowa Facilities Corporation.
Here are 36 key members and their salaries:
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- Related: $569,491
- Other: $50,139
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- Other: $20,954
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Where can I find the form 990 for University Of Iowa Facilities Corporation?
University Of Iowa Facilities Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of University Of Iowa Facilities Corporation
The University of Iowa Facilities Corporation, in its mission, acquires and holds property for the benefit and utilization of the University of Iowa. This organization serves as a crucial entity, ensuring the availability of necessary property resources for the university's operations and growth. By acquiring and holding property, the University of Iowa Facilities Corporation contributes significantly to the University of Iowa's overall development.
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Impact
October, 2024
The University of Iowa Facilities Corporation plays a vital role in enhancing the educational landscape of the University of Iowa by acquiring and holding property that supports the institution's various needs. This focus on property management and acquisition ensures that the university has the necessary infrastructure to facilitate learning, research, and community engagement. By effectively managing real estate assets, the corporation enables the University of Iowa to expand its facilities and enhance resources available to students and faculty, thereby directly contributing to a richer educational experience. The advantages of these efforts extend throughout Iowa City and beyond, fostering an environment conducive to academic growth and innovation.
This information is meant to be a general summary of University Of Iowa Facilities Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,124
- Gross Receipts: $204,796
Assets and Liabilities:
- Total Assets: $1,184,108
- Total Liabilities: $1,932
- Net Assets: $1,182,176
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Organization Details
Founding Year
1967
Phone
(319) 335-3305Principal Officer
Lynette Marshall
Main Address
PO BOX 4550, IOWA CITY, IA, 522444550
NTEE Category
Code: B43 - Education
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