Upper Iowa University: Nonprofit Profile, Financials & Form 990 (EIN 42-0680372)

Revenue by fiscal year
FY2020	$66.6M
FY2021	$64.1M
FY2022	$60.3M
FY2023	$53.9M
FY2024	$48.4M
FY2025	$49.0M

Expenses by fiscal year
FY2020	$71.0M
FY2021	$65.3M
FY2022	$64.6M
FY2023	$63.7M
FY2024	$51.6M
FY2025	$52.5M

Net assets by fiscal year
FY2020	$38.5M
FY2021	$43.7M
FY2022	$35.4M
FY2023	$25.4M
FY2024	$24.9M
FY2025	$24.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1955.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

76%

21%

Program services 76% · $39.6M Management & general 21% · $10.9M Fundraising 4% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Kathy Franken

President and CFO

$280,076Pt VII · Sec A

Doug Binsfeld

VP Academic Affairs

$176,531Pt VII · Sec A

William Duffy

Former: Emeritus President

$167,375Pt VII · Sec A

Billie Cowley

Dean, Academic & Ed. Affairs

$118,490Pt VII · Sec A

Rick Hartzell

VP of Athletics

$114,985Pt VII · Sec A

Ty Davis VP of

Residential Admissions & Retention

$104,985Pt VII · Sec A

Jennifer Webb

VP, Distance Education Enrollment

$104,791Pt VII · Sec A

David Vaudt

Trustee

$0Pt VII · Sec A

Kathy Franken’s $280K as President and CFO is at the 61st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
William R Duffy II	—	$334,940	$377,161	$351,295	$291,564	$306,240
Kathy Franken	$280,076	$205,853	$187,877	$191,188	$155,556	$159,438
Phyllis Joan Poor	—	—	—	—	—	$178,291
Doug Binsfeld	$176,531	$176,457	$174,015	$176,430	—	—
William Duffy	$167,375	—	—	—	—	—
Andrew Wenthe	—	$142,785	$138,118	$138,496	$125,276	$138,616
Ismael Betancourt	—	—	—	—	—	$137,143
Marty Parsons	—	—	—	—	—	$118,599

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers accessible education through various methods to inspire success and empower lives.

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Provided by the organization

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3 programs · $39.6M · in their own filed words · FY2024

01

Education, Instruction, and Support

Upper iowa university served 4,026 students worldwide. The fayette campus served 503 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.

$21.0Mprogram expense

02

Institutional Support

Provide support to internal operations of the university such as information technology, human resources, business office, facilities, etc.

$13.2Mprogram expense

03

Auxiliary Enterprises

Residence halls, food services, logo store, etc. For the above students. University offers different types of housing available for students including traditional dorms, suite style living, and apartment style living.

$5.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Crt Tr Joe MengesFY2025$169K

Total grants receivedfrom 1 funder$169K

Grants paid · 29 grants · $95.1M · 2019–2024

Unitemized GrantFY2024$5,869,341

Unitemized GrantFY2024$3,885,734

Unitemized GrantFY2024$606,483

Unitemized GrantFY2024$47,504

Unitemized GrantFY2023$6,689,310

Unitemized GrantFY2023$2,711,113

Unitemized GrantFY2023$804,368

Unitemized GrantFY2023$50,385

Unitemized GrantFY2023$50,045

Unitemized GrantFY2022$13,246,146

Unitemized GrantFY2022$2,707,797

Unitemized GrantFY2022$243,594

Unitemized GrantFY2022$220,031

Unitemized GrantFY2022$45,468

Unitemized GrantFY2021$13,291,977

Unitemized GrantFY2021$3,944,742

Unitemized GrantFY2021$2,525,276

Unitemized GrantFY2021$189,985

See all 29 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$49.0M

Ln 12

Fees for servicesLn 2g$43.1M

Gifts and grantsLn 1h$5.1M

Other incomeLn 4–11$787K

Money outPt IX

$52.5M

Ln 25

Programscol B$39.6M

Managementcol C$10.9M

Fundraisingcol D$2.0M

Owns and owesPt X

$24.0M

net assets · Ln 32

Cash and savingsLn 1–2$7.3M

Total assetsLn 16$105.8M

LiabilitiesLn 26$81.8M

PeoplePt VI, VII

24

listed · VII A

PaidVII A7

Voting boardVI 1a17

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5.1M

Government grantsLn 1e$3.4M

Fundraising eventsLn 1c$76K

Fees for servicesLn 2g$43.1M

Investment incomeLn 3$20K

Other incomeLn 4–11$787K

Gains on assetsLn 7−$629K

Total revenueLn 12$49.0M

Assets in detailPt X, end of year

CashLn 1$6.1M

SavingsLn 2$1.2M

Cash and savings togetherLn 1–2$7.3M

InvestmentsLn 11–13$22.3M

Land, buildings, equipmentLn 10c$64.2M

Other assetsLn 15$7.5M

Total assetsLn 16$105.8M

LiabilitiesLn 26$81.8M

Net assetsLn 32$24.0M

OperationsPt I, VI

EmployeesI 51,327

VolunteersI 619

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$8.5M	$7.3M
InvestmentsLn 11–13	$21.5M	$22.3M
Land, buildings, equipmentLn 10c	$66.8M	$64.2M
Total assetsLn 16	$110.7M	$105.8M
LiabilitiesLn 26	$85.8M	$81.8M
Net assetsLn 32	$24.9M	$24.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$10.4M	$10.4M
Pay of current officers, directors and key staffLn 5	$280K		$280K
Other salaries and wagesLn 7	$16.8M	$12.5M	$3.1M	$1.2M
Pension plan contributionsLn 8	$254K	$170K	$64K	$19K
Other employee benefitsLn 9	$3.0M	$1.8M	$1.0M	$216K
Payroll taxesLn 10	$1.2M	$926K	$238K	$65K
Legal feesLn 11b	$81K		$81K
Accounting feesLn 11c	$184K		$184K
Professional fundraising feesLn 11e	$80K			$80K
Investment management feesLn 11f	$109K		$109K
Other fees for servicesLn 11g	$1.5M	$740K	$717K	$70K
Advertising and promotionLn 12	$2.7M	$483K	$2.2M	$52K
Office expensesLn 13	$4.5M	$4.0M	$372K	$176K
Information technologyLn 14	$1.4M		$1.4M
OccupancyLn 16	$2.1M	$1.4M	$653K
TravelLn 17	$981K	$904K	$21K	$55K
Conferences, conventions and meetingsLn 19	$108K	$98K	$9K	$1K
InterestLn 20	$2.0M	$2.0M
Depreciation, depletion and amortizationLn 22	$2.8M	$2.8M
InsuranceLn 23	$598K	$598K
Other expenses (24a–d)Ln 24	$1.2M	$704K	$394K	$104K
Total functional expensesLn 25	$52.5M	$39.6M	$10.9M	$2.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$49.0M	$52.5M	−$3.5M	$24.0M	990 PDF
FY2024	$48.4M	$51.6M	−$3.2M	$24.9M	990 PDF
FY2023	$53.9M	$63.7M	−$9.8M	$25.4M	990 PDF
FY2022	$60.3M	$64.6M	−$4.3M	$35.4M	990 PDF
FY2021	$64.1M	$65.3M	−$1.2M	$43.7M	990 PDF
FY2020	$66.6M	$71.0M	−$4.3M	$38.5M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $49,001,254 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,308,937$5,128,509

I-9 Program service revenuePrior year $40,825,896$43,066,151

I-10 Investment incomePrior year $27,458$19,571

I-11 Other revenuePrior year $1,276,814$787,023

I-12 Total revenuePrior year $48,439,105$49,001,254

I-13 Grants and similar amounts paidPrior year $10,305,221$10,409,067

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $21,141,827$21,541,115

I-16a Professional fundraising feesPrior year $8,575$80,000

I-17 Other expensesPrior year $20,184,258$20,448,540

I-18 Total expensesPrior year $51,639,881$52,478,722

I-19 Revenue less expensesPrior year −$3,200,776−$3,477,468

Part VI · Governance 17 of 17 board members independent, 1 to look at

VI-1a Voting members of the governing body17

VI-1b Independent voting members17

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $49,001,254 across 11 lines filed

Lines not itemized here account for $1,609 of total revenue; see the IRS return.

VIII-1c Fundraising events$75,658

VIII-1e Government grants$3,420,462

VIII-1f All other contributions, gifts and grants$1,632,389

VIII-1h Total contributions, gifts and grants$5,128,509

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,066,151$43,066,151

VIII-3 Investment incomeExcluded from tax $648,624$648,624

VIII-6 Net rental income or lossUnrelated business −$28,876 · Excluded from tax $16,021−$12,855

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$629,053−$629,053

VIII-8 Net income from fundraising eventsExcluded from tax $859$859

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $3,254 · Excluded from tax $794,156$797,410

VIII-12 Total revenueRelated to mission $43,066,151 · Unrelated business −$24,013 · Excluded from tax $830,607$49,001,254

Part IX · Statement of functional expenses $52,478,722 across 21 lines filed

IX-2 Grants to domestic individualsPrograms $10,409,067$10,409,067

IX-5 Pay of current officers, directors and key staffManagement $280,000$280,000

IX-7 Other salaries and wagesPrograms $12,530,075 · Management $3,083,306 · Fundraising $1,160,100$16,773,481

IX-8 Pension plan contributionsPrograms $170,365 · Management $64,468 · Fundraising $18,675$253,508

IX-9 Other employee benefitsPrograms $1,763,928 · Management $1,025,420 · Fundraising $215,887$3,005,235

IX-10 Payroll taxesPrograms $926,165 · Management $237,774 · Fundraising $64,952$1,228,891

IX-11b Legal feesManagement $80,718$80,718

IX-11c Accounting feesManagement $183,774$183,774

IX-11e Professional fundraising feesFundraising $80,000$80,000

IX-11f Investment management feesManagement $109,418$109,418

IX-11g Other fees for servicesPrograms $739,968 · Management $716,813 · Fundraising $69,788$1,526,569

IX-12 Advertising and promotionPrograms $482,980 · Management $2,192,228 · Fundraising $52,030$2,727,238

IX-13 Office expensesPrograms $3,995,553 · Management $371,999 · Fundraising $176,428$4,543,980

IX-14 Information technologyManagement $1,431,956$1,431,956

IX-16 OccupancyPrograms $1,443,240 · Management $653,271$2,096,511

IX-17 TravelPrograms $904,245 · Management $20,888 · Fundraising $55,369$980,502

IX-19 Conferences, conventions and meetingsPrograms $97,597 · Management $9,409 · Fundraising $1,135$108,141

IX-20 InterestPrograms $2,046,878$2,046,878

IX-22 Depreciation, depletion and amortizationPrograms $2,812,361$2,812,361

IX-23 InsurancePrograms $598,298$598,298

IX-24 Other expenses (24a–d)Programs $703,596 · Management $394,307 · Fundraising $104,293$1,202,196

IX-25 Total functional expensesPrograms $39,624,316 · Management $10,855,749 · Fundraising $1,998,657$52,478,722

Part X · Balance sheet $105,804,386 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $7,327,819$6,075,510

X-2 Savings and temporary cash investmentsStart of year $1,139,333$1,240,500

X-3 Pledges and grants receivableStart of year $2,051,022$1,378,724

X-4 Accounts receivableStart of year $2,606,119$1,946,336

X-8 Inventories for sale or useStart of year $123,326$113,120

X-9 Prepaid expenses and deferred chargesStart of year $1,037,304$995,857

X-10c Land, buildings and equipment, netStart of year $66,816,174$64,228,050

X-11 Publicly traded securitiesStart of year $19,075,853$19,805,843

X-12 Other securitiesStart of year $2,435,403$2,524,642

X-15 Other assetsStart of year $8,090,601$7,495,804

X-16 Total assetsStart of year $110,702,954$105,804,386

X-17 Accounts payable and accrued expensesStart of year $2,279,579$2,493,541

X-25 Other liabilitiesStart of year $9,301,149$5,181,626

X-26 Total liabilitiesStart of year $85,774,282$81,791,201

X-27 Net assets without donor restrictionsStart of year $5,825,010$5,944,611

X-28 Net assets with donor restrictionsStart of year $19,103,662$18,068,574

X-32 Total net assets or fund balancesStart of year $24,928,672$24,013,185

X-33 Total liabilities and net assetsStart of year $110,702,954$105,804,386

Part XI · Reconciliation of net assets $24,013,185 net assets at year end

XI-1 Total revenue$49,001,254

XI-2 Total expenses$52,478,722

XI-3 Revenue less expenses−$3,477,468

XI-4 Net assets at start of year$24,928,672

XI-5 Net unrealized gains (losses) on investments$2,169,395

XI-9 Other changes in net assets$392,586

XI-10 Net assets at end of year$24,013,185

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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