University of Iowa Strategic Initiatives Fund
5 W Jefferson St 105, Iowa City, IA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $66,071,839 | $25,959,537 | $1,227,119,293 |
| FY2024 | $37,232,112 | $22,833,554 | $1,153,998,796 |
| FY2023 | $26,829,794 | $20,322,321 | $1,086,415,530 |
| FY2022 | $18,514,853 | $13,141,392 | $1,048,103,644 |
| FY2021 | $16,066,757 | $7,500,000 | $1,125,258,541 |
| FY2020 | $990,173,149 | $0 | $1,025,772,170 |
Form 990 filings
The returns filed by University of Iowa Strategic Initiatives Fund (EIN 84-4628214), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $0 | 0% |
| Other revenue | $66,071,839 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $25,627,000 | 99% |
| Management & general | $332,537 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2025.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2025. That is the highest share among 38 Education organizations in IA.
- Net assets covered about 567.2 months of expenses at the end of the reporting year. That puts it in the 96th percentile among 635 Education organizations in IA.
- Total revenue was higher than 97.8% of 643 Education organizations in IA.
- Total revenue fell from $990,173,149 in FY2020 to $66,071,839 in FY2025. Revenue increased in 4 and decreased in 1 of 5 year-over-year comparisons.
- Revenue covered expenses in each of the 6 reported years, FY2020 to FY2025.
- The highest revenue on record here is $990,173,149 in FY2020.
- Net assets grew from $1,025,772,170 to $1,227,119,293 between FY2020 and FY2025.
- Contributions and grants made up 100% of revenue in FY2020 and 0% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Support the State University of Iowa's strategic plan implementation by providing grants for scientific research and educational activities and subsidizing utility expenses.
IRS status
| Ruling year | 2022 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B11 — Education (in IA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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