Overview
What is Isu Facilities Corporation?
Isu Facilities Corporation is a nonprofit organization situated in Ames, Iowa, with an address at 2505 University Boulevard, ZIP code 50010. The primary purpose of this organization is to support Iowa State University by aiding in the construction and acquisition of necessary real estate facilities. After completion, these facilities are leased back to the Board of Regents for the university's use. The organization previously utilized bond proceeds to acquire an interest in a bioscience facility located on the Iowa State University campus.
Is Isu Facilities Corporation legitimate?
Isu Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isu 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:
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What is the mission statement of Isu Facilities Corporation?
The Isu Facilities Corporation's mission is centered around supporting Iowa State University. Specifically, it assists in the construction and acquisition of necessary real property facilities. Once acquired, these facilities are leased to the Board of Regents for Iowa State University to utilize. The organization has previously issued bonds to finance the acquisition of an interest in a bioscience facility on the Iowa State University campus, and it continues to lease this facility to the Board of Regents. In essence, the Isu Facilities Corporation's role is to facilitate the creation and provision of beneficial real estate facilities for Iowa State University.
Who is the CEO of Isu Facilities Corporation?
Shawn Norman is the Director, Vice-President of Isu Facilities Corporation.
What is the revenue of Isu Facilities Corporation?
Isu Facilities Corporation's revenue in 2022 was $2,195,797.
Who are the executives of Isu Facilities Corporation and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $245,168
- Other: $43,471
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- Related: $146,007
- Other: $36,010
Where can I find the form 990 for Isu Facilities Corporation?
Isu Facilities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Isu Facilities Corporation
Isu Facilities Corporation, a nonprofit organization, is dedicated to supporting Iowa State University by aiding in the construction and acquisition of necessary real property facilities. Once these facilities are obtained, Isu Facilities Corporation leases them to the Board of Regents, allowing Iowa State University to utilize them effectively. In the past, the organization has utilized bond proceeds to acquire an interest in a bioscience facility located on the Iowa State University campus. Currently, Isu Facilities Corporation continues to lease this facility to the Board of Regents, enabling Iowa State University to utilize its state-of-the-art bioscience facilities for research and studies.
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Impact
October, 2024
Isu Facilities Corporation significantly impacts Iowa State University by facilitating the construction and acquisition of essential real property and facilities that support the university's mission. By issuing bonds to fund these initiatives, Isu Facilities Corporation has played a vital role in enhancing the university's infrastructure, notably through the acquisition of a bioscience facility on the campus. This facility is strategically leased to the Board of Regents, ensuring that critical resources are available to advance educational and research endeavors. The corporation’s ongoing support helps foster an environment conducive to learning and innovation, ultimately benefiting students, faculty, and the broader community in Ames, Iowa.
This information is meant to be a general summary of Isu 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 2022.
- Investment Income: $1,740
- Program Service Revenue: $2,194,016
- Gross Receipts: $2,195,797
Assets and Liabilities:
- Total Assets: $36,066,727
- Total Liabilities: $34,020,344
- Net Assets: $2,046,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY INCOME
Revenue
$2,194,016
Organization Details
Founding Year
2015
Phone
(515) 294-4607Principal Officer
Shawn Norman
Main Address
2505 UNIVERSITY BOULEVARD, AMES, IA, 50010
NTEE Category
Code: B11 - Education
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