Isu Facilities Corporation
- Assets
- $37.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 05/2016
- Data as of
- 06/2021
- EIN
- 47-4757561
Organization Overview
Isu Facilities Corporation is located in Ames, IA. The organization was established in 2016. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isu Facilities Corporation 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 06/2021, Isu Facilities Corporation generated $4.4m in total revenue. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 180.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN THE CONSTRUCTION AND ACQUISITION OF REAL PROPERTY FACILITIES USEFUL TO IOWA STATE UNIVERSITY, AND THEREAFTER LEASE SUCH FACILITIES TO THE BOARD OF REGENTS FOR THE USE OF IOWA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PREVIOUSLY ISSUED BONDS AND USED THE PROCEEDS THEREOF TO ACQUIRE AN INTEREST IN A BIOSCIENCE FACILITY ON THE IOWA STATE UNIVERSITY CAMPUS. THE ORGANIZATION CONTINUES TO LEASE THE FACILITY TO THE BOARD OF REGENTS FOR THE USE OF IOWA STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Hallenbeck Director, President | OfficerTrustee | 1 | $0 |
Gary Streit Director, Vice-President | OfficerTrustee | 1 | $0 |
Pamela E Cain Director, Treasurer | OfficerTrustee | 1 | $0 |
Larry Pithan Director, Secretary | OfficerTrustee | 1 | $0 |
Lisa Eslinger Assistant Secretary | Officer | 1 | $0 |
Michael Wahlin Assistant Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $615 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $615 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615 |
| Total Program Service Revenue | $4,379,613 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $406 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,380,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $615 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,049,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,224,412 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,274,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,035,696 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,328,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,364,326 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $35,180,612 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,180,612 |
| Net assets without donor restrictions | $2,183,714 |
| Net assets with donor restrictions | $0 |
| 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 | $37,364,326 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Isu Facilities Corporation has recieved totaling $8,446.
| Awarding Organization | Amount |
|---|---|
Iowa State University Foundation Ames, IA PURPOSE: LEGAL FEES | $4,223 |
Iowa State University Foundation Ames, IA PURPOSE: LEGAL FEES | $4,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |