efile Public Visual Render
ObjectId: 201420429349301307 - Submission: 2014-02-11
TIN: 42-1143702
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
Attach to Form 990.
See separate instructions.
OMB No. 1545-0047
20
12
Open to Public Inspection
Name of the organization
IOWA STATE UNIVERSITY FOUNDATION
Employer identification number
42-1143702
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
....
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,
directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a?
.......
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
................
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
...........................
5a
No
b
Any related organization?
.........................
5b
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
...........................
6a
No
b
Any related organization?
.........................
6b
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
.............................
8
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2012
Page 2
Schedule J (Form 990) 2012
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation
reported as deferred
in prior Form 990
(i)
Base compensation
(ii)
Bonus & incentive compensation
(iii)
Other reportable compensation
(1)
Daniel Saftig
Former President
(i)
(ii)
73,895
0
0
452,825
0
322,500
0
17,629
0
866,849
0
65,400
0
(2)
Labh Hira
President (7/1/12-12/31/12)
(i)
(ii)
244,050
0
0
0
0
0
24,405
0
7,496
0
275,951
0
0
0
(3)
Lisa Eslinger
Sr. VP of Finance and Oper
(i)
(ii)
198,921
0
0
985
0
20,345
0
14,559
0
234,810
0
0
0
(4)
Stephen Biever
Asst VP for Development
(i)
(ii)
133,243
0
0
338
0
13,523
0
16,361
0
163,465
0
0
0
(5)
Jeremy Galvin
Asst VP for Development
(i)
(ii)
124,281
0
0
338
0
12,620
0
16,323
0
153,562
0
0
0
(6)
Larissa Holtmyer-Jones
VP for Development
(i)
(ii)
205,423
0
0
612
0
21,326
0
16,603
0
243,964
0
0
0
Schedule J (Form 990) 2012
Page 3
Schedule J (Form 990) 2012
Page
3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Identifier
Return Reference
Explanation
Part I, Line 1a
Charter travel was with the use of the University-owned plane. Travel for companions was provided for some fundraising events. These benefits are considered business expenses and therefore are not considered taxable income to the individuals.
Part I, line 4a and Part II, Column B(iii) and Column C
Daniel Saftig's employment with the Iowa State University Foundation terminated in March 2012. In accordance with a separation agreement, Mr. Saftig receives severance payments over an eighteen month period, paid on a monthly basis beginning in April 2012. Severance payments of $315,000 were paid out to Mr. Saftig in calendar year 2012, included on his 2012 W-2, and reported in Schedule J in Other Reportable Compensation. Additional severance payments of $315,000 will be paid in calendar year 2013 and will be included on his 2013 W-2. These payments are reported in Schedule J in Retirement and Other Deferred Compensation.
Part I, line 4b and Part II, Column B(iii), Column F
Daniel Saftig participated in two 457(f) deferred compensation plans from July 1, 2009 to March 31, 2012. Annual deferrals to the plans were reported on previous Form 990's as deferred compensation totaling $65,400 and are reported in Schedule J as Compensation Reported in Prior Form 990. In April 2012, deferred compensation of $87,415 (including current year deferrals and investment earnings) was paid out to Mr. Saftig, included on his 2012 W-2, and reported on Schedule J in Other Reportable Compensation.
Part II, column (C)
All employees participate in a retirement plan consisting of a 403(b) defined contribution plan. Severance payments to be paid to Daniel Saftig in calendar year 2013 are also included (see above).
Schedule J, Part II
The Iowa State University Foundation retained Dr. Labh Hira to serve as its Interim President effective March 19, 2012 in accordance with a Supplemental Service Agreement between the Foundation, Iowa State University, and the College of Business. Per the agreement, Dr. Hira remained an employee and tenured professor of the College with the Foundation reimbursing the College for his employment costs during the term of the agreement. Dr. Hira is reported on the Form 990 as a current officer as he served in that capacity during the organization's fiscal year ending June 30, 2013. Dr. Hira's term as Interim President ended on December 31, 2012. The Iowa State University Foundation hired Roger Neuhaus as President effective January 23, 2013. No compensation is reported for Mr. Neuhaus, as no reportable compensation was paid by the Foundation during the calendar year 2012.
Schedule J (Form 990) 2012
Additional Data
Software ID:
Software Version: