2023-11-10T17:25:41-06:00 2023-06-30 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVE SUITE 1800 SPOKANE WA 992010629 990 2022-07-01 820337334 NORTH IDAHO COLLEGE FOUNDATION INC NORT 2087695978 1000 W GARDEN AVENUE COEUR DALENE ID 83814 RAYELLE ANDERSON EXECUTIVE DIRECTOR 2087695978 2023-11-10 1 RAYELLE ANDERSON 999009999 0 EMINA O CRESSWELL CPA P01217304 5097472600 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAYELLE ANDERSON 1000 W GARDEN AVENUE COEUR DALENE ID 83814 3790856 0 X WWW.NIC.EDU/FOUNDATION X 1977 ID NORTH IDAHO COLLEGE FOUNDATION SOLICITS AND STEWARDS PRIVATE SUPPORT FOR THE EDUCATIONAL MISSION OF NORTH IDAHO COLLEGE. THE FOUNDATION PROVIDES STRATEGIC RESOURCES TO ENHANCE AVAILABLE CAPITAL FOR STUDENT SCHOLARSHIPS, PROJECTS, AND PROGRAM ENHANCEMENTS. 27 27 0 73 0 0 1278535 673598 0 0 251738 295047 280422 281227 1810695 1249872 1442482 1641753 0 0 271084 277855 0 0 245845 242933 277572 1956499 2197180 -145804 -947308 38124939 40864961 1723110 816180 36401829 40048781 NORTH IDAHO COLLEGE FOUNDATION SOLICITS AND STEWARDS PRIVATE SUPPORT FOR THE EDUCATIONAL MISSION OF NORTH IDAHO COLLEGE. THE FOUNDATION PROVIDES STRATEGIC RESOURCES TO ENHANCE AVAILABLE CAPITAL FOR STUDENT SCHOLARSHIPS, PROJECTS, AND PROGRAM ENHANCEMENTS. 0 0 1641753 1641753 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. 1641753 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 6 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 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 RAYELLE ANDERSON EXECUTIVE DIRECTOR 50.00 X 63492 0 14808 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 (THRU 6/23) 2.00 X X 0 0 0 NICK SWAYNE SECRETARY 2.00 X 0 0 0 MICHAEL SEBAALY SECRETARY (THRU 7/22) 2.00 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 ALISON GRANIER DIRECTOR 1.00 X 0 0 0 JOE DUNLAP 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 63492 0 14808 0 0 0 1 0 73321 600277 132954 673598 294980 294980 2014558 2014491 67 67 67 57720 73321 36894 20826 20826 750000 489599 260401 260401 1249872 0 0 576274 1641753 1641753 78300 39150 39150 149186 83311 65875 50369 34204 16165 6899 6899 32553 32553 74358 74358 9676 9676 56170 29398 26772 7939 4025 3914 5684 5684 OTHER EXPENSES 73162 73162 PLANNED GIVING CULTIVAT 11131 11131 2197180 1641753 309582 245845 3177 7063 3193204 3215159 7279 5283 8052 44317 9913 9913 0 0 7705121 8875798 26663367 28245675 544739 471666 38124939 40864961 973110 66180 750000 750000 1723110 816180 X 9398785 10461996 27003044 29586785 36401829 40048781 38124939 40864961 -947308 4594260 0 X 0 1 X 1 0 X 1119527 1191074 1436104 1278535 673598 5698838 1119527 1191074 1436104 1278535 673598 5698838 1468235 4230603 487599 281494 227826 251738 294980 1543637 7242475 3205964 0.58410 0.53150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30119886 128554 4343618 1005163 33586895 34737001 1043597 -4674244 986468 30119886 25465512 2577962 7752979 932841 126611 34737001 24568538 688675 380635 172336 25465512 23102110 348232 1852781 734585 24568538 0.23120 0.44920 0.31960 0 0 4819 4819 0 5094 5094 0 0 COMMON FUND SECURITIES 28245675 F 28245675 X 6238547 4594260 15443 526493 5136196 1102351 74358 73163 147521 1249872 2591595 15443 526493 541936 2049659 74358 73163 147521 2197180 PART V, LINE 4: THE ENDOWMENT HAS BEEN ESTABLISHED TO SUSTAIN OUR CHARITABLE MISSION AND TO PROVIDE A LONG-TERM SOURCE OF ENHANCED SUPPORT FOR NORTH IDAHO COLLEGE 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, 2023 OR 2022. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED JUNE 30, 2023 OR 2022. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING DIRECT EXPENSES 489,599. FUNDRAISING DIRECT EXPENSES 36,894. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 73,163. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING DIRECT EXPENSES 489,599. FUNDRAISING DIRECT EXPENSES 36,894. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER EXPENSES 73,163. BON APPETIT 131041 73321 57720 12570 24324 131041 73321 57720 12570 24324 36894 20826 750000 433354 56245 1 0.88000 750000 433354 56245 489599 260401 ID 1 0 1 0 0.00000 1.00000 AMY FAVRE 1000 W GARDEN AVE COEUR DALENE ID 83814 0 RAYELLE ANDERSON 0 GAMING MANAGER RAYELLE ANDERSON 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. ANDERSON 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 260401 1 NORTH IDAHO COLLEGE 1000 W GARDEN AVE COEUR DALENE ID 83814 826000936 GOVERNMENT 1641753 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 3 114718 SALES PRICE/FMV X PRIZES 13 11991 COST OF DONATED ITEM X FOOD & DRINK 1 3228 SALES PRICE/FMV X BUILDING SUPPLIES 3 3017 COST OF DONATED ITEM 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 ARTICLES OF INCORPORATION WERE AMENDED AND RESTATED AND FILED WITH THE IDAHO SECRETARY OF STATE. THE CORPORATE BYLAWS WERE ALSO UPDATED. PRIMARILY, THE REVISIONS CLARIFIED THE FOUNDATION DOES NOT HAVE MEMBERS, AND THE BOARD IS COMPRISED OF DIRECTORS ONLY. IN ADDITION, THE NORTH IDAHO COLLEGE PRESIDENT IS NO LONGER THE SECRETARY OF 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.