2021-11-12T18:01:28-06:00 2021-06-30 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVE SUITE 1800 SPOKANE WA 992010629 990 2020-07-01 820337334 NORTH IDAHO COLLEGE FOUNDATION INC NORT 2087695978 1000 W GARDEN AVENUE COEUR DALENE ID 83814 RAYELLE ANDERSON EXECUTIVE DIRECTOR 2087695978 2021-11-12 1 RAYELLE ANDERSON 999009999 EMINA O CRESSWELL CPA P01217304 5097472600 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RAYELLE ANDERSON 1000 W GARDEN AVENUE COEUR DALENE ID 83814 3067186 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, EDUCATIONAL FACILITIES, PROGRAMS AND PROJECTS THAT WOULD NOT BE FUNDED THROUGH TRADITIONAL SOURCES OF SUPPORT. 26 26 0 80 0 0 1191126 1436104 0 0 791735 227843 233998 184253 2216859 1848200 1856550 1745255 0 0 249271 263481 0 0 210781 179404 194849 2285225 2203585 -68366 -355385 34200376 43024214 1286511 998755 32913865 42025459 X 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, EDUCATIONAL FACILITIES, PROGRAMS AND PROJECTS THAT WOULD NOT BE FUNDED THROUGH TRADITIONAL SOURCES OF SUPPORT. 0 0 1745255 1745255 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. 1745255 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 18 7 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X OLIVE ALLISON 2087695978 1000 W GARDEN AVE COEUR DALENE ID 83814 BETI BECKER DIRECTOR 1.00 X 0 0 0 PAT CLEVENGER DIRECTOR 1.00 X 0 0 0 JIM COLEMAN DIRECTOR 1.00 X 0 0 0 ROD COLWELL DIRECTOR 1.00 X 0 0 0 BRAD DUGDALE DIRECTOR 1.00 X 0 0 0 JIM EISSES DIRECTOR 1.00 X 0 0 0 MARK FISHER DIRECTOR 1.00 X 0 0 0 JOHN GOEDDE DIRECTOR 1.00 X 0 0 0 ALISON GRANIER DIRECTOR 1.00 X 0 0 0 DEAN HAAGENSON DIRECTOR 1.00 X 0 0 0 ANNE HAGMAN DIRECTOR 1.00 X 0 0 0 TIM KOMBEREC DIRECTOR 1.00 X 0 0 0 ASHLEY LENZ DIRECTOR 1.00 X 0 0 0 DENISE LUNDY 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 SUE THILO DIRECTOR 1.00 X 0 0 0 TROY TYMESEN DIRECTOR 1.00 X 0 0 0 MARC WALLACE DIRECTOR 1.00 X 0 0 0 KORY WILSON DIRECTOR 1.00 X 0 0 0 DAVID WOLD DIRECTOR 1.00 X 0 0 0 K JOHN YOUNG DIRECTOR 1.00 X 0 0 0 STEVE MASTERSON PRESIDENT 2.00 X X 0 0 0 JODY AZEVEDO IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 MICHELLE HANELINE TREASURER 2.00 X X 0 0 0 PETER SMITH VP/PRESIDENT ELECT 2.00 X X 0 0 0 RAYELLE ANDERSON EXECUTIVE DIRECTOR 50.00 X 60587 0 13659 RICK MACLENNAN SECRETARY 2.00 X 0 0 0 60587 0 13659 0 0 0 1 0 53672 1382432 456702 1436104 227826 227826 800000 799983 17 17 17 53256 53672 46743 6513 6513 550000 372260 177740 177740 1848200 0 0 412096 1745255 1745255 75602 37801 37801 139077 73781 65296 48802 32073 16729 1659 1659 17464 17464 73425 73425 11518 11518 19317 2415 16902 2059 2059 6872 6872 OTHER EXPENSES 51294 51294 PLANNED GIVING CULTIVAT 9667 9667 PRESIDENT'S DEVELOPMENT 1574 1574 2203585 1745255 247549 210781 6915 2152 3983994 2669872 722613 297802 0 12703 9913 9913 0 0 6371400 9023040 22681276 30643704 434178 374941 34200376 43024214 736511 448755 550000 550000 1286511 998755 X 6323990 10003121 26589875 32022338 32913865 42025459 34200376 43024214 -355385 9466979 0 X 0 1 X 1 0 X 1208094 2873614 1119527 1191074 1436104 7828413 1208094 2873614 1119527 1191074 1436104 7828413 2444673 5383740 433379 484521 487599 281494 227826 1914819 46630 46630 9789862 3035321 0.54990 0.56040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 46,630. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25465512 2577962 7752979 932841 126611 34737001 24568538 688675 380635 172336 25465512 23102110 348232 1852781 734585 24568538 21046679 812059 1908535 665163 23102110 18633418 496420 2583142 666301 21046679 0.20831 0.39385 0.39784 0 0 4819 4819 0 5094 5094 0 0 COMMON FUND SECURITIES 30643704 F 30643704 X 11624280 9466979 16782 419003 9902764 1721516 73425 53259 126684 1848200 2512686 16782 419003 435785 2076901 73425 53259 126684 2203585 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, PROGRAM AND SPECIAL PROJECTS. 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, 2021 OR 2020. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED JUNE 30, 2021 OR 2020. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING DIRECT EXPENSES 372,260. FUNDRAISING DIRECT EXPENSES 46,743. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 53,259. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING DIRECT EXPENSES 372,260. FUNDRAISING DIRECT EXPENSES 46,743. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 53,259. BON APPETIT 106928 53672 53256 10470 36273 106928 53672 53256 10470 36273 46743 6513 550000 318285 53975 1 0.88000 550000 318285 53975 372260 177740 ID 1 0 1 0 1.00000 OLIVE ALLISON 1000 W GARDEN AVE COEUR DALENE ID 83814 0 KRISTEN MCFADDEN GAMING MANAGER KRISTEN MCFADDEN'S DUTIES INCLUDE 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. MCFADDEN AND MS. ALLISON ARE EMPLOYEES OF NORTH IDAHO COLLEGE. THEIR COMPENSATION AS EMPLOYEES IS NOT SPECIFICALLY LINKED TO THEIR ACTIVITIES RELATED TO THE RAFFLE. X 1 179705 1 NORTH IDAHO COLLEGE 1000 W GARDEN AVE COEUR DALENE ID 83814 826000936 GOVERNMENT 1745255 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 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. X 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 1A THE FOUNDATION FUNDS THE COLLEGE PRESIDENT'S, WHO IS THE FOUNDATION'S BOARD SECRETARY, QUARTERLY SOCIAL MEMBERSHIP DUES AT A LOCAL COUNTRY CLUB TO FOSTER STRATEGIC FUNDRAISING AND DONOR STEWARDSHIP. PART I, LINE 3 THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF NORTH IDAHO COLLEGE. THE COLLEGE BASES ALL SALARIES ON A MARKETBASED 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 AND REPORTED ON PART VII OF THE 990. X 3 378942 SALES PRICE/FMV X BUILDING SUPPLIES 23 47932 COST OF DONATED ITEM X FOOD & DRINK 20 25016 SALES PRICE/FMV X PRIZES 1 4812 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 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 MEMBERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. THE POLICY IS REVIEWED ANNUALLY WITH BOARD MEMBERS, THEN AGAIN AS NEEDED FOR SPECIFIC ISSUES COMING TO THE BOARD'S ATTENTION. PARTIES WHO HAVE A POTENTIAL CONFLICT ARE TO ABSTAIN FROM VOTING. 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 MARKETBASED 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. 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.