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From an Aug. 2021 Nebraska Rivals story:
"Iowa will share a 50-50 revenue split with its beer vendor, said Steve Roe, an athletic department spokesman. As far as revenue expectations, Roe said it is “hard to put a number on it” because of initial start-up costs and unforeseen issues.
The athletic department said it will give 30 percent of net revenue to research initiatives developed and supported by the school’s alcohol harm reduction committee."
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From Monday's C.R. Gazette:
About $340,000 of the profits will go toward “research-based initiatives developed and supported by the UI Alcohol Harm Reduction Committee,” according to an athletics department document.
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Based on those statements:
The AD's revenue share figures to $1.5M
They actually cleared around $1.13M
They ended up with a final total of ~$790,000 after the "donation"