Upper Iowa University
- Assets
- $112.3m
- Revenue
- $60.3m
- Investments
- $2.3m
- Employees
- 1,202
- Location
- Fayette, IA
- Founding
- 08/1955
- Data as of
- 06/2022
- EIN
- 42-0680372
Organization Overview
Upper Iowa University is located in Fayette, IA. The organization was established in 1955. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Upper Iowa University employed 1,202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Iowa University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Upper Iowa University generated $60.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $64.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UPPER IOWA UNIVERSITY PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES ACCESSIBLE THROUGH VARIED DELIVERY METHODS TO INSPIRE SUCCESS AND EMPOWER LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, INSTRUCTION, AND SUPPORT - UPPER IOWA UNIVERSITY SERVED 3,031 STUDENTS WORLDWIDE. THE FAYETTE CAMPUS SERVED 572 TRADITIONAL UNDERGRADUATE STUDENTS, DRAWING THE MAJORITY OF THESE STUDENTS FROM IOWA, MINNESOTA, WISCONSIN AND ILLINOIS. THE UNIVERSITY IS DIVERSE IN ITS ETHNICITY, RACE, GENDER, ECONOMICS, AND GEOGRAPHY. UNDERGRADUATE DEGREES ARE OFFERED THROUGH THE SCHOOL OF EDUCATION, THE SCHOOL OF BUSINESS, AND THE SCHOOL OF ARTS AND SCIENCES. UPPER IOWA UNIVERSITY OFFERS SEVERAL MASTER'S DEGREES, BOTH ONLINE AND FACE-TO-FACE. MASTER'S DEGREES ARE AVAILABLE IN EDUCATION, BUSINESS ADMINISTRATION, HEALTHCARE ADMINISTRATION, COUNSELING, SPORT ADMINISTRATION, AND PUBLIC ADMINISTRATION. POST-GRADUATE CERTIFICATES ALSO ARE AVAILABLE IN ACCOUNTING, CORPORATE FINANCIAL MANAGEMENT, HUMAN RESOURCE MANAGEMENT, LITERACY COACH, TEACHER LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT.
AUXILIARY ENTERPRISES - RESIDENCE HALLS, FOOD SERVICES, LOGO STORE, ETC. FOR THE ABOVE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Duffy II President | Officer | 80 | $351,295 |
Kathy Franken VP Finance & Enrollment Management | Officer | 70 | $191,188 |
Doug Binsfeld VP Academic Affairs & Student Life | 60 | $176,430 | |
Andrew Wenthe VP Of External Affairs | 60 | $138,496 | |
Rick Hartzell VP Of Athletics | 60 | $114,490 | |
Beau Sudtelgte VP Of Human Resources | 60 | $107,693 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mammoth Sports Construction Replace Football Stadium Turf | 6/29/22 | $637,732 |
Jenzabar Information Technology | 6/29/22 | $424,278 |
Mbs Direct Llc Bookstore | 6/29/22 | $617,004 |
Aramark Services Inc Food Service | 6/29/22 | $1,808,322 |
Paskill Stapleton & Lord Advertising | 6/29/22 | $733,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,489 |
| Related organizations | $0 |
| Government grants | $7,722,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,198,076 |
| Noncash contributions included in lines 1a–1f | $274,973 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,138,563 |
| Total Program Service Revenue | $49,502,024 |
| Investment income | $689,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,228 |
| Net Gain/Loss on Asset Sales | -$688,261 |
| Net Income from Fundraising Events | $9,495 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,335,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,995,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,423 |
| Compensation of current officers, directors, key employees. | $424,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,053,444 |
| Pension plan accruals and contributions | $250,398 |
| Other employee benefits | $3,816,927 |
| Payroll taxes | $1,385,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,004 |
| Fees for services: Accounting | $150,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,341 |
| Fees for services: Investment Management | $89,944 |
| Fees for services: Other | $1,705,616 |
| Advertising and promotion | $2,799,599 |
| Office expenses | $2,460,250 |
| Information technology | $1,419,520 |
| Royalties | $0 |
| Occupancy | $2,586,235 |
| Travel | $970,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,734 |
| Interest | $1,926,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,942,812 |
| Insurance | $482,352 |
| All other expenses | $0 |
| Total functional expenses | $64,641,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,813,587 |
| Savings and temporary cash investments | $1,437,451 |
| Pledges and grants receivable | $254,213 |
| Accounts receivable, net | $2,520,057 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,270 |
| Inventories for sale or use | $92,363 |
| Prepaid expenses and deferred charges | $366,635 |
| Net Land, buildings, and equipment | $71,586,318 |
| Investments—publicly traded securities | $17,255,427 |
| Investments—other securities | $2,339,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,514,717 |
| Total assets | $112,257,129 |
| Accounts payable and accrued expenses | $2,002,690 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $71,288 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $68,766,156 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,982,848 |
| Total liabilities | $76,822,982 |
| Net assets without donor restrictions | $15,695,912 |
| Net assets with donor restrictions | $19,738,235 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $112,257,129 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Upper Iowa University has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Independence Bancshares Charitable Foundation Inc Independence, IA PURPOSE: GENERAL OPERATIONS | $250 |
Endowment Analysis
| Beg. Balance | $22,682,523 |
| Earnings | -$2,383,244 |
| Net Contributions | $384,297 |
| Other Expense | $914,074 |
| Ending Balance | $19,769,502 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |