2024-11-13T19:49:28-06:00 2024-06-30 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVE SUITE 1800 SPOKANE WA 992010629 990 2023-07-01 820337334 NORTH IDAHO COLLEGE FOUNDATION INC NORT 2087695978 1000 W GARDEN AVENUE COEUR DALENE ID 83814 RAYELLE ANDERSON EXECUTIVE DIRECTOR 2087695978 2024-11-12 1 1 EMINA O CRESSWELL CPA P01217304 5097472600 2024-11-12 2023 2024-10-15 13:58:12Z RAYELLE ANDERSON 1000 W GARDEN AVENUE COEUR DALENE ID 83814 3964205 0 X WWW.NIC.EDU/FOUNDATION X 1977 ID NORTH IDAHO COLLEGE FOUNDATION SOLICITS, ACCEPTS, AND STEWARDS PRIVATE SUPPORT TO ENHANCE EDUCATIONAL EXCELLENCE AND STUDENT SUCCESS AT NORTH IDAHO COLLEGE. THE FOUNDATION PROVIDES STRATEGIC RESOURCES FOR STUDENT SCHOLARSHIPS, PROGRAM ENHANCEMENT, FACILITIES, AND PROJECTS THAT MAY NOT BE FUNDED THROUGH TRADITIONAL SOURCES OF SUPPORT. 25 25 0 95 0 0 673598 779573 0 0 295047 252836 281227 348331 1249872 1380740 1641753 1409024 0 0 277855 246959 0 0 286771 277572 328860 2197180 1984843 -947308 -604103 40864961 46617228 816180 876408 40048781 45740820 X NORTH IDAHO COLLEGE FOUNDATION SOLICITS, ACCEPTS, AND STEWARDS PRIVATE SUPPORT TO ENHANCE EDUCATIONAL EXCELLENCE AND STUDENT SUCCESS AT NORTH IDAHO COLLEGE. THE FOUNDATION PROVIDES STRATEGIC RESOURCES FOR STUDENT SCHOLARSHIPS, PROGRAM ENHANCEMENT, FACILITIES, AND PROJECTS THAT MAY NOT BE FUNDED THROUGH TRADITIONAL SOURCES OF SUPPORT. 0 0 1409024 1409024 NORTH IDAHO COLLEGE FOUNDATION, INC. STRATEGICALLY PROVIDES AN EXTRA MARGIN OF FUNDING TO NORTH IDAHO COLLEGE THROUGH STUDENT SCHOLARSHIPS, PROGRAM AND SPECIAL PROJECT SUPPORT TO ENHANCE EDUCATIONAL EXCELLENCE AND STUDENT SUCCESS. 1409024 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 7 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X AMY FAVRE 2087695978 1000 W GARDEN AVE COEUR DALENE ID 83814 BETI BECKER PRESIDENT 2.00 X X 0 0 0 PETER SMITH VP/PRESIDENT ELECT 2.00 X X 0 0 0 STEVE MASTERSON IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 MICHELLE HANELINE TREASURER 2.00 X X 0 0 0 ASHLEY LENZ SECRETARY 2.00 X X 0 0 0 TROY TYMESEN DIRECTOR 1.00 X 0 0 0 ELVA COOKIE ALLAN DIRECTOR 1.00 X 0 0 0 ANNE HAGMAN DIRECTOR 1.00 X 0 0 0 CHAD FOUST DIRECTOR 1.00 X 0 0 0 DENISE LUNDY DIRECTOR 1.00 X 0 0 0 DAVID WOLD DIRECTOR 1.00 X 0 0 0 DEAN HAAGENSON DIRECTOR 1.00 X 0 0 0 JIM COLEMAN DIRECTOR 1.00 X 0 0 0 JODY AZEVEDO DIRECTOR 1.00 X 0 0 0 SUE THILO DIRECTOR 1.00 X 0 0 0 MARK FISHER DIRECTOR 1.00 X 0 0 0 BRAD DUGDALE DIRECTOR 1.00 X 0 0 0 MARC WALLACE DIRECTOR 1.00 X 0 0 0 TIM KOMBEREC DIRECTOR 1.00 X 0 0 0 PAT CLEVENGER DIRECTOR 1.00 X 0 0 0 ROD COLWELL DIRECTOR 1.00 X 0 0 0 CHRIS MEYER DIRECTOR 1.00 X 0 0 0 STEVE MEYER DIRECTOR 1.00 X 0 0 0 JOHN YOUNG DIRECTOR 1.00 X 0 0 0 KORY WILSON DIRECTOR 1.00 X 0 0 0 RAYELLE ANDERSON EXECUTIVE DIRECTOR 50.00 X 66858 0 14898 NICK SWAYNE SECRETARY (THRU 04/24) 2.00 X 0 0 0 66858 0 14898 0 0 0 1 0 66305 713268 165818 779573 252836 252836 2101695 2101695 0 80101 66305 50997 29104 29104 750000 430773 319227 319227 1380740 0 0 601167 1409024 1409024 81756 40878 40878 133530 79420 54110 31673 19693 11980 4379 4379 43434 43434 56676 56676 13479 3556 9923 66079 30255 35824 8914 3020 5894 7737 7737 OTHER EXPENSES 118733 118733 PLANNED GIVING CULTIVAT 9429 9429 1984843 1409024 289048 286771 7063 12340 3215159 4758959 5283 3699 44317 41863 9913 9913 0 0 8875798 10583651 28245675 30732269 471666 484447 40864961 46617228 66180 126408 750000 750000 816180 876408 X 10461996 12225878 29586785 33514942 40048781 45740820 40864961 46617228 -604103 6296142 0 X 0 1 X 1 0 X 1191074 1436104 1278535 673598 779573 5358884 1191074 1436104 1278535 673598 779573 5358884 1475647 3883237 281494 227826 251738 294980 252836 1308874 6667758 3420779 0.58240 0.58410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33586895 188068 5591321 1034607 38331677 30119886 128554 4343618 1005163 33586895 34737001 1043597 -4674244 986468 30119886 25465512 2577962 7752979 932841 126611 34737001 24568538 688675 380635 172336 25465512 0.23500 0.39850 0.36650 0 0 4819 4819 0 5094 5094 0 0 COMMON FUND SECURITIES 30732269 F 30732269 X 8021876 6296142 38634 481770 6816546 1205330 56676 118734 175410 1380740 2329837 38634 481770 520404 1809433 56676 118734 175410 1984843 PART V, LINE 4: THE ENDOWMENT HAS BEEN ESTABLISHED TO SUSTAIN OUR CHARITABLE MISSION TO PROVIDE A PERPETUAL SOURCE OF ENHANCED SUPPORT FOR OUR STUDENT SCHOLARSHIPS, EDUCATIONAL EXCELLENCE, AND PROGRAM ENHANCEMENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN OPERATING EXPENSES. THE FOUNDATION HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024 OR 2023. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED JUNE 30, 2024 OR 2023. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING DIRECT EXPENSES 430,773. FUNDRAISING DIRECT EXPENSES 50,997. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 118,734. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING DIRECT EXPENSES 430,773. FUNDRAISING DIRECT EXPENSES 50,997. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER EXPENSES 118,734. BON APPETIT 146406 66305 80101 14305 36692 146406 66305 80101 14305 36692 50997 29104 750000 370498 60275 1 0.87000 750000 370498 60275 430773 319227 ID 1 0 1 0 0.00000 1.00000 AMY FAVRE 1000 W GARDEN AVE COEUR DALENE ID 83814 0 KAELYNN WOODWARD 0 GAMING MANAGER KAELYNN WOODWARD PROVIDES OVERSIGHT FOR EVENT AND TICKET SALE COORDINATION, PROMOTION, AND VOLUNTEER RECRUITMENT. COMPENSATION - INDIVIDUAL ABOVE INCORPORATES ACTIVITIES FOR THE "REALLY BIG RAFFLE" INTO HER DUTIES AS A NORTH IDAHO COLLEGE EMPLOYEE. MS. WOODWARD AND MS. FAVRE ARE EMPLOYEES OF NORTH IDAHO COLLEGE. THEIR COMPENSATION AS EMPLOYEES IS NOT SPECIFICALLY LINKED TO THEIR ACTIVITIES RELATED TO THE RAFFLE. X 1 319227 1 NORTH IDAHO COLLEGE 1000 W GARDEN AVE COEUR DALENE ID 83814 826000936 GOVERNMENT 1409024 0 SCHOLARSHIPS & PROGRAM SUPPORT 1 0 PART I, LINE 2: STUDENT SCHOLARSHIP FUNDS ARE AWARDED BY NORTH IDAHO COLLEGE THROUGH AN INDEPENDENT SELECTION PROCESS INVOLVING COMMITTEES BASED ON THE CRITERIA OF EACH SCHOLARSHIP FUND. THE FOUNDATION DOES NOT CHOOSE RECIPIENTS, RATHER, THE FOUNDATION COMMITS FUNDS TO THE COLLEGE INDICATING HOW MUCH IS AVAILABLE FOR EACH SCHOLARSHIP FUND, ALONG WITH THE CRITERIA FOR EACH FUND. FOUNDATION GRANTS AND GRANTS RECEIVED FROM EXTERNAL FUNDERS ARE MADE AVAILABLE TO THE COLLEGE'S STAFF, FACULTY, AND STUDENT GROUPS THROUGH A COMPETITIVE PROCESS. GRANTS ARE NOT FOR PERSONAL REWARD BUT MUST BE RELATED TO PROJECTS AND PROGRAMS THAT FURTHER THE MISSION OF THE COLLEGE. AWARDS ARE DISTRIBUTED TO GRANTEES VIA THE COLLEGE DEPARTMENTS AND IN LINE WITH THE COLLEGE'S PURCHASING PROCESS. THE FOUNDATION REIMBURSES THE COLLEGE FOR ALL OF THE ABOVE. THE SCHOLARSHIP CRITERIA AND AWARD PROCESS HELP NORTH IDAHO COLLEGE MONITOR THE USE OF GRANT FUNDS WITHIN THE U.S. 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF NORTH IDAHO COLLEGE. THE COLLEGE BASES ALL SALARIES ON A MARKET-BASED SALARY SURVEY. THE PORTION OF THE SALARY THE NIC FOUNDATION REIMBURSES TO THE COLLEGE IS APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET PROCESS. X 2 115142 SALES PRICE/FMV X BUILDING SUPPLIES 3 26844 COST OF DONATED ITEM X PRIZES 15 19836 COST OF DONATED ITEM X FOOD & DRINK 1 3996 SALES PRICE/FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IS DETERMINED USING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED AND RESTATED TO NO LONGER HAVE EX OFFICIO NONVOTING DIRECTORS POSITIONS ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY IS PROVIDED TO THE ORGANIZATION'S TREASURER, WHO IS CURRENTLY A CPA, AND THE EXECUTIVE DIRECTOR WHO REVIEW AND APPROVE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD DIRECTORS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. THE POLICY IS REVIEWED ANNUALLY WITH BOARD DIRECTORS, THEN AGAIN AS NEEDED FOR SPECIFIC ISSUES COMING TO THE BOARD'S ATTENTION. PARTIES WHO HAVE A POTENTIAL CONFLICT ARE TO DISCLOSE THE CONFLICT AND FOLLOW THE APPROPRIATE PROTOCOL. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF NORTH IDAHO COLLEGE. THE COLLEGE BASES ALL SALARIES ON A MARKET-BASED SALARY SURVEY. THE PORTION OF THE SALARY THE NORTH IDAHO COLLEGE FOUNDATION REIMBURSES TO THE COLLEGE IS APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.