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PROVIDE REDUCED RENT TO HELP IOWA STATE UNIVERSITY ACHIEVE RESEARCH GOALS. TO PROVIDE A MATERIAL AND HUMAN RESOURCE-RICH ENVIRONMENT WHERE ESTABLISHED TECHNOLOGY RELATED FIRMS, SERVICES AND RESEARCH ORGANIZATIONS CAN EXPAND THEIR OPPORTUNITIES; WHERE YOUNG IOWA-BASED COMPANIES CAN DEVELOP THEIR POTENTIAL; AND WHERE SCIENCE AND TECHNOLOGY ENTREPRENEURIAL VENTURES CAN TAKE ROOT IN IOWA.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$14M
Program Spending
82%
of total expenses go to program services
Total Contributions
$883.6K
Total Expenses
▼$11.7M
Total Assets
$100.4M
Total Liabilities
▼$80.1M
Net Assets
$20.3M
Officer Compensation
→$477.1K
Other Salaries
$667.7K
Investment Income
$886.3K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2021 | Clean | Unmodified (Clean) | $946.5K | No | 2022-02-14 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$946.5K
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $14M | $883.6K | $11.7M | $100.4M | $20.3M |
| 2023 | $11.7M | $786.7K | $9.4M | $83.5M | $17.3M |
| 2022 | $11.1M | $1M | $7.6M | $68.2M | $15M |
| 2021 | $10.4M | $1.6M | $8.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Rick Sanders | Ex-officio | 40 | $234.3K | $0 | $0 | $234.3K |
| David Spalding | Chair | — | $0 | $0 | $0 | $0 |
| Warren Madden | Secretary/treasurer | — | $0 | $0 | $0 | $0 |
| Steve Schuler | Vice Chairperson | — | $0 | $0 | $0 | $0 |
Rick Sanders
Ex-officio
$234.3K
Hrs/Wk
40
Compensation
$234.3K
Related Orgs
$0
Other
$0
David Spalding
Chair
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Warren Madden
Secretary/treasurer
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Steve Schuler
Vice Chairperson
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alison Doyle | Associate Director | 40 | $134K | $0 | $0 | $134K |
| Kyle Martin | Operations Manager | 40 | $108.8K | $0 | $0 | $108.8K |
Alison Doyle
Associate Director
$134K
Hrs/Wk
40
Compensation
$134K
Related Orgs
$0
Other
$0
Kyle Martin
Operations Manager
$108.8K
Hrs/Wk
40
Compensation
$108.8K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Deborah Durham | Director | — | $0 | $0 | $0 | $0 |
| Dr Brent Shanks | Director | — | $0 | $0 | $0 | $0 |
| Dr Laura Jolly | Director | — | $0 | $0 | $0 | $0 |
| Dr Matt Darr | Director | — | $0 | $0 | $0 | $0 |
| Dr Peter Dorhout | Director | — | $0 | $0 | $0 | $0 |
| Eric Peterson | Director |
Deborah Durham
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Dr Brent Shanks
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Dr Laura Jolly
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
| $69M |
| $11.4M |
| 2020 | $9.9M | $635.3K | $11.4M | $71.3M | $9.1M |
| 2019 | $9M | $775.2K | $10.9M | $72.6M | $10.6M |
| 2018 | $10.4M | $1M | $9.2M | $73.6M | $12.5M |
| 2017 | $11.1M | $589.9K | $9.7M | $73.6M | $11.4M |
| 2016 | $6.9M | $997.4K | $7.5M | $75.7M | $10M |
| 2015 | $5.5M | $879.3K | $5.2M | $58.4M | $10.5M |
| 2014 | $8.2M | $3.6M | $4.3M | $33.7M | $10.1M |
| 2013 | $5.3M | $796.4K | $3.8M | $30.5M | $6.3M |
| 2012 | $4.4M | $230.6K | $5.4M | $30.8M | $4.7M |
| 2022 | 990 | Data |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| — |
| $0 |
| $0 |
| $0 |
| $0 |
| Paul Rupprecht | Director | — | $0 | $0 | $0 | $0 |
| Ron Hallenbeck | Director | — | $0 | $0 | $0 | $0 |
| Sean Reeder | Director | — | $0 | $0 | $0 | $0 |
Dr Matt Darr
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Dr Peter Dorhout
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Eric Peterson
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Paul Rupprecht
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Ron Hallenbeck
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Sean Reeder
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0