University Of Iowa Strategic Initiatives Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 844628214 ✦ Iowa city, IA ✦ Designated as a 501(c)(3)

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Overview

What is University Of Iowa Strategic Initiatives Fund?

The University of Iowa Strategic Initiatives Fund is a nonprofit organization dedicated to supporting the State University of Iowa's strategic plan implementation. Through grant funding and utility expense subsidies, this entity strengthens the institution's research capabilities, specifically in the field of space-based research. By drawing on the expertise of faculty from various departments and hosting a space instrumentation summer program, the Fund positions the UI as a leading destination for students interested in space research. Its mission is to manage funds from a long-term lease agreement, select and supervise independent investment managers, and grant money to the university for scientific research and educational activities.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.

The University of Iowa Strategic Initiatives Fund has received a moderate rating of 71%, reflecting some strengths in its financial management, including a high program expense ratio of 98.14%. This indicates a strong commitment to directing funds towards its mission. Additionally, the organization has demonstrated excellence in its financial audits and has no reported material diversion of assets, contributing positively to its accountability score.

However, the organization faces significant limitations, particularly concerning its governance structure. With only 33% of board members being independent and a very low number of independent board members, there are potential concerns about oversight and decision-making. Furthermore, the absence of crucial policies such as a whistleblower policy and missing documentation on its website, including tax forms, raises questions about transparency and adherence to best practices in nonprofit governance.

Overall, while the University of Iowa Strategic Initiatives Fund showcases effective financial practices, its governance issues and lack of transparency may deter potential donors looking for accountability in nonprofit organizations.


This AI summary has been generated from information found on Charity Navigator.

Is University Of Iowa Strategic Initiatives Fund legitimate?

University Of Iowa Strategic Initiatives Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Iowa Strategic Initiatives Fund 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 Strategic Initiatives Fund?

The University of Iowa Strategic Initiatives Fund supports the implementation of the State University of Iowa's strategic plan by providing grants for scientific research and educational activities and subsidizing utility expenses. The organization's primary goal is to manage funds from the long-term lease and concession agreement for the University of Iowa Utility System, select and supervise independent investment managers, and determine the annual payout of the endowment for granting money to the university. All grant requests are reviewed to ensure they align with the university's strategic plans, and the Fund aims to advance the causes of education and research. A significant project under this fund is the extension of Iowa's success in space-based research across campus, which involves creating an interdisciplinary research enterprise and strengthening the institution's ability to compete for NASA funding. This includes hosting a space instrumentation summer program, making the UI an attractive destination for students interested in space research.

Who is the CEO of University Of Iowa Strategic Initiatives Fund?

Unavailable

What is the revenue of University Of Iowa Strategic Initiatives Fund?

University Of Iowa Strategic Initiatives Fund's revenue in 2022 was $18,514,853.

Who are the executives of University Of Iowa Strategic Initiatives Fund and what are their salaries?


Here are 5 key members and their salaries:


Nancy Boettger (Vice President & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Lehnertz (President & Director)
  • Compensation: $0
  • Related: $374,372
  • Other: $52,376
Thomas Rietz (Director)
  • Compensation: $0
  • Related: $342,980
  • Other: $51,590
Susan Klatt (Secretary)
  • Compensation: $0
  • Related: $285,250
  • Other: $33,780
Terry Johnson (Treasurer)
  • Compensation: $0
  • Related: $392,583
  • Other: $53,463
Where can I find the form 990 for University Of Iowa Strategic Initiatives Fund?

University Of Iowa Strategic Initiatives Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of University Of Iowa Strategic Initiatives Fund

The University of Iowa Strategic Initiatives Fund is a corporate entity committed to advancing the State University of Iowa's strategic plan through financial support for scientific research, educational activities, and utility expenses. Established to manage the funds from the long-term lease and concession agreement for the University of Iowa Utility System, this organization plays a crucial role in selecting and supervising independent investment managers, granting money to the university to subsidize utility payments, and determining the annual payout of the endowment for direct use in research and educational activities.

By providing grants for scientific research and educational activities, the University of Iowa Strategic Initiatives Fund enables the institution to strengthen its competitive edge in securing NASA funding for space missions and instruments. The fund's mission extends beyond financial support, as it also fosters an interdisciplinary research enterprise by drawing on the expertise of faculty from various departments. Additionally, the fund offers a space instrumentation summer program, positioning the University of Iowa as a preferred destination for students interested in space research.

The University of Iowa Strategic Initiatives Fund's role in subsidizing utility expenses allows the institution to allocate more resources towards its primary mission of education and research. This support is essential for the university to maintain its competitive edge and provide optimal learning and research environments for its students and faculty. By advancing the cause of education and research, the University of Iowa Strategic Initiatives Fund is instrumental in ensuring the university's continued success and growth.

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Impact




October, 2024

The University of Iowa Strategic Initiatives Fund significantly impacts the institution's ability to implement its strategic plan. By providing grants specifically for scientific research and educational activities, the fund enables projects that enhance research capacity and innovation within the university. For instance, initiatives like the interdisciplinary research enterprise in space-based research not only leverage existing expertise among faculty but also enhance the university's competitive edge for securing NASA funding.

Furthermore, subsidizing utility expenses through the fund ensures that more resources can be allocated directly to advancing educational outcomes and research initiatives. The Summer Space Instrumentation Program exemplifies the fund's commitment to fostering educational opportunities, attracting students interested in space research, and positioning the University of Iowa as a leader in this field.

Overall, the Strategic Initiatives Fund is instrumental in supporting the university's mission to advance education and research, thereby contributing to the broader goal of enhancing Iowa's standing in scientific inquiry and innovation.




This information is meant to be a general summary of University Of Iowa Strategic Initiatives Fund. 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.

Revenue
$18,514,853 (2022)
Expenses
$13,141,392 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $18,514,853
  • Gross Receipts: $18,514,853

Assets and Liabilities:

  • Total Assets: $1,048,103,644
  • Total Liabilities: $0
  • Net Assets: $1,048,103,644

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Organization Details

Founding Year

2020

Main Address

5 W Jefferson St 105, Iowa City, IA, 52242

NTEE Category

Code: B11 - Education

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