2020-06-15T10:31:29-05:00 2019-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2018-07-01 820200906 The College of Idaho Inc COLL 2084595222 2112 Cleveland Boulevard Caldwell ID 83605 Richard W Erne Chief Financial Officer 2084595222 2020-06-08 1 Kim Hunwardsen CPA P00484560 2083447150 2020-06-05 216.147.181.48 2020-06-08 08:59:54 MD P 4DFA7B7855763B02A6A167ED7E16FC3D61737D7C 7D5E79AA594DF6790A2A531523F833BDBFE4B41A 2018 2020-11-19 02:30:22Z Richard W Erne 2112 Cleveland Boulevard Caldwell ID 83605 67389015 0 X www.collegeofidaho.edu X 1893 ID Liberal arts college committed to excellence in academic instruction and scholarship. 32 31 811 250 366746 0 6583781 9000716 33467129 35658104 4178347 3394339 76777 174280 44306034 48227439 15465122 19019442 0 0 18729067 17791709 0 0 0 15733827 15957309 49928016 52768460 -5621982 -4541021 171526952 166559106 31162438 30504664 140364514 136054442 X The College of Idaho, a private, residential liberal arts college, prepares students to lead productive and fulfilling lives. We are committed to an innovative, individualized curriculum in liberal arts and professional studies, to building community, and to exercising stewardship. 0 0 28710619 19019442 28311545 Higher Education: Provided instruction to undergraduate and graduate students (954 Students). 14217901 6703068 Higher Education: Provided room and board for residential students and only board for nonresidential students (954 Students). 2977373 643491 Higher Education: Academic support for students including but not limited to library, art gallery, academic dean, instructional research, admissions, financial aid services, counseling and athletics (954 Students). 45905893 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 146 0 1 811 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X Jesse Harris 2084595222 2112 Cleveland Boulevard Caldwell ID 836054432 Laura Turner Trustee Chair 2.00 0.00 X X 0 0 0 Jeffrey Taylor Trustee Vice Chair 1.00 0.00 X X 0 0 0 Jill Twedt Trustee Secretary 2.00 0.00 X X 0 0 0 James Alderman Trustee 1.00 0.00 X 0 0 0 Louie Attebery Trustee 1.00 0.00 X 0 0 0 Darrell Carney Trustee 1.00 0.00 X 0 0 0 Don Coberly Trustee 1.00 0.00 X 0 0 0 Michael Elliott Trustee 1.00 0.00 X 0 0 0 Michael Garcia Trustee 1.00 0.00 X 0 0 0 Scott Gipson Trustee 1.00 0.00 X 0 0 0 Kevin Hulsey Trustee 1.00 0.00 X 0 0 0 Alan Moore Trustee 1.00 0.00 X 0 0 0 Mas Kuwana Trustee 1.00 2.00 X 0 0 0 Jack K Lemley Trustee 1.00 0.00 X 0 0 0 Bill Mason Trustee 1.00 0.00 X 0 0 0 Richard Ogle Trustee 1.00 2.00 X 0 0 0 Brandon Fitzpatrick Trustee 1.00 0.00 X 0 0 0 Peter S O'Neill Trustee 1.00 0.00 X 0 0 0 Richard Roberge Trustee 1.00 0.00 X 0 0 0 Paul Street Trustee 1.00 2.00 X 0 0 0 Shawna Swanson Trustee 1.00 0.00 X 0 0 0 Jen Sampson Trustee 1.00 0.00 X 0 0 0 Alexander Toeldte Trustee 1.00 0.00 X 0 0 0 Marcia Wing Trustee 1.00 0.00 X 0 0 0 Mary Abercrombie Trustee 1.00 2.00 X 0 0 0 Candy Dale Trustee 1.00 0.00 X 0 0 0 Mary Smith Trustee 1.00 0.00 X 0 0 0 Kyle Sales Trustee 1.00 2.00 X 0 0 0 Doug Oppenheimer Trustee 1.00 0.00 X 0 0 0 Jim Mertz Trustee 1.00 0.00 X 0 0 0 Laura Arjona Trustee (Left 5/2019) 1.00 2.00 X 0 0 0 Ron Thomas Trustee 1.00 0.00 X 0 0 0 Pamela Decoste Trustee (From 5/2019) 1.00 2.00 X 0 0 0 Douglas Brigham Co-President 40.00 0.00 X 68409 0 19806 James Everett Co-President 40.00 0.00 X 79487 0 22170 Richard W Erne CFO 38.00 2.00 X 150243 0 39061 Paul Bennion VP for Student Affairs 40.00 0.00 X 118725 0 30902 Jack Cafferty VP for College Relations 40.00 0.00 X 82258 0 19641 Michael Vandervelden VP for College Relations (Left 9/18) 40.00 0.00 X 209909 0 19891 David Douglas VP Academic Affairs 40.00 0.00 X 171830 0 17626 Brian Bava VP Enrollment Mgmt 40.00 0.00 X 141371 0 33897 Mari Jo Tynon Faculty 40.00 0.00 X 131240 0 6537 Charlotte Borst Former President (Left 8/17) 40.00 0.00 X 157500 0 7175 1310972 0 216706 7 1 1 0 Compass Group 2400 Yorkmont Rd Charlotte NC 28217 Food Service Contractor 2777695 Kreizenbeck LLC 11724 W Executive Dr Boise ID 83713 Contractor 1040026 EAB Global 1920 E Parham Rd Richmond VI 232282206 Enrollment Services Provider 542611 Ellucian 4375 Fair Lakes Court Fairfax VI 22033 ERP Technology Provider 513245 Thomas D Robison Roofing PO Box 716 Blackfoot ID 83221 Roofing Contractor 339500 12 382475 699076 390117 7529048 767427 9000716 Tuition and Fees 611710 28035111 28035111 Room and Board 611710 6703068 6500914 202154 Athletics 611710 531832 507832 24000 Academics 611710 111659 111659 276434 135842 140592 35658104 741075 741075 21714171 19037644 23263 2676527 -23263 2653264 2653264 249069 382475 97592 151477 151477 25880 3077 22803 22803 48227439 35291358 366746 3568619 19019442 19019442 1222568 492410 730158 12656061 11032274 1623787 604762 536107 68655 2384119 2030611 353508 924199 772091 152108 185964 185964 3672190 3529311 142879 457969 90566 367403 1187972 1099389 88583 1106632 985586 121046 1891278 1764295 126983 1351163 10895 1340268 3370049 2612772 757277 479631 479631 Subscription and Librar 998499 674182 324317 Repairs and Maintenance 747203 747203 0 Student Organizations 333938 333938 0 174821 174821 52768460 45905893 6862567 0 2381947 2614338 14202075 3978071 14267 114914 92583 107709 304436 343794 122796292 42595655 80905236 80200637 73475153 73954926 5152687 70111 15823 81144 76207 171526952 166559106 2985283 2934789 671947 574021 24263888 23385084 34998 13872 3206322 3596898 31162438 30504664 X 82085825 82396103 34455376 17871165 23823313 35787174 140364514 136054442 171526952 166559106 X -4541021 322220 -91271 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99317322 11428666 4953397 10419362 264253 105015770 100311510 1345629 7887720 9992882 234655 99317322 96064891 3545824 12126573 11192768 233010 100311510 100734898 4421521 -125056 8716657 249815 96064891 111047359 682156 2136779 12900899 230497 100734898 0.31030 0.66170 0.02800 0 1 1 304342 4448031 4752373 101001102 32726848 68274254 11417040 6437027 4980013 5625777 3431780 2193997 80200637 Interest Rate Swap 1796050 Post Retirement Insurance Obligation 786854 PV of Annuities Payable 1013994 3596898 X Part V, Line 4: To further the mission of the college through funding scholarships and other strategic initiatives. Part X, Line 2: The College believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The College would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College of Idaho's non-discrimination policy is on its application for admission. Additionally, the policy is on the website. Schedule E, Part I, Line 6 The College receives student financial aid from the US Department of Education. These funds are awarded directly to students and applied toward their tuition and fees. Scholarship Gala 465151 317988 147163 3000 33141 3300 8361 Steak Feed 134217 46515 87702 5256 9795 30435 1 32176 17972 14204 4004 300 631544 382475 249069 8256 46940 3300 39096 97592 151477 25880 3077 1 0.92860 25880 3077 3077 22803 ID 1 0 1 0 0.50000 0.50000 Jesse Harris 2122 Cleveland Blvd Caldwell ID 83605 0 Jesse Harris 2250 Administrative duties including completion of raffle application, raffle report and overseeing internal employees conducting raffles to ensure all information is accurate and reported as required. X 0 1 Funded Scholarships 430 4009441 Unfunded Scholarships 1075 14927908 Federal SEOG 163 82093 Part I, Line 2: The College of Idaho uses a combination of federal methodology and instructional policy to provide a uniform method to assess a family's financial strength and the students academic performance to estimate the expected family contribution toward the student's cost of education. The cost of education includes tuition, fees, books, supplies, room, board, personal expenses and transportation allowance. X X 1 0 0 0 0 0 0 0 0 Richard W Erne CFO 150243 0 0 0 0 0 11335 0 27962 0 189540 0 0 0 Michael Vandervelden VP for College Relations (Left 9/18) 90312 0 0 0 119597 0 6601 0 13448 0 229958 0 0 0 David Douglas VP Academic Affairs 171830 0 0 0 0 0 7403 0 10460 0 189693 0 0 0 Brian Bava VP Enrollment Mgmt 141371 0 0 0 0 0 9660 0 24493 0 175524 0 0 0 Charlotte Borst Former President (Left 8/17) 102500 0 0 0 55000 0 7175 0 0 0 164675 0 0 0 Part I, Line 4a Charlotte Borst, Former President, was termed during her 3rd year of employment; per Charlotte's written offer of employment, it states: If the College terminates this agreement (other than for cause as determined by the exclusive discretion of the Board of Trustees) during the initial three year term, Charlotte would be entitled to a salary continuation for the then remaining balance of the initial three year term. The payment of $102,500 reported in Part II, Column B(i) was the balance of her contract payout for January through June 2018. She received an additional $55,000 in severance pay per her signed Release and Separation agreement. The severance payment is reported reported in Part II, Column B(iii). Michael Vandervelven, VP for College Relations, was offered and subsequently accepted an early retirement package which provided participants a lump sum severance payment of 75% of the employee's base salary in effect on their separation date. Michael's base salary was $140,368.67 at the time of separation and he received $105,276.50 in severance. The severance payment is included in Part II, Column B(iii). A Idaho Housing and Finance Association 820302333 000000000 2016-10-04 33325000 Refund bonds issued in 2001 and 1997, Restructure Debt, and Renovate Dorms 0 0 0 A 9750000 33325000 286000 8688602 16350398 8000000 2018 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 1 US Bank National Association 13.750000000000 0 0 0 0 1 A 1 Schedule K, Line 12: The College has $8,000,000 in unspent proceeds on line 12 and utilization of these funds is pending approval by the Board of Trustees to construct a new residential housing complex consistant with the intent of the bond issuance. Caxton Printers Owner is a Trustee 147540 Printing/Office Supplies 0 X 26525 FMV X 1 1600 FMV X 8 539425 FMV X 1 196800 FMV X Raffle Items 1 3077 FMV 0 0 1 0 Part I, Column (b): Part I, Column (b), Line 9 reflects the number of contributions of publicly traded securities. The remainder of contributions listed refer to the number of items contributed for each type of property. Form 990, Part VI, Section A, line 1 The Board of Trustees delegates authority to the Governance Committee to act on behalf of the full board only in limited emergency circumstances. Any such authority so exercised by the Governance Committee is subject to the approval and ratification of the full Board at the next regular or special meeting of the full Board. The Committee is composed of between 10 and 14 members, all of whom also serve on the Organizaton's Board of Trustees. The Chairperson of the Board of Trustees serves as Chairperson of the Governance Committee. Form 990, Part VI, Section B, line 11b An electronic copy of the 990 is made available to the Governance Committee and board members on the College's secure portal prior to the 990 being filed. Form 990, Part VI, Section B, line 12c Officers, trustees and key employees receive a conflict of interest questionnaire annually. The questionnaire is reviewed by the CFO and if an issue arises that would constitute a conflict of interest, the issue is reviewed with the appropriate body i.e. Human Resources, Audit Committee, Governance Committee, Board Chair. No Trustee shall vote on any matter under consideration at a Board or committee meeting in which such Trustee has a conflict of interest. Trustee conflict of interest issues are also reflected in the notes to the financial statements. Form 990, Part VI, Section B, line 15 Compensation for officers and key employees is determined by the use of market surveys and college and university comparable surveys to determine initial compensation. Recommendations are given to the governance committee for review. After initial compensation packages have been established, annual raises are generated through the budget process which is approved by the finance committee and the board. Bonuses or any other significant promotions or adjustments to compensation are approved through the governance committee and/or board. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available upon request. The conflict of interest policy is included in the staff handbook which is on the College's website. Form 990, Part XI, line 9: Change in present value of annuities -43,353. Change in fair market value of interest rate swap -392,215. Transfer from Trust B 344,297. College of Idaho 2nd Century Trust Fund A 2112 Cleveland Blvd Caldwell ID 83605 943115589 Trust ID 501(c)(3) Line 12b, II The College of Idaho 1 College of Idaho 2nd Century Trust Fund B 2112 Cleveland Blvd Caldwell ID 83605 826069279 Trust ID 501(c)(3) Line 12b, II The College of Idaho 1 EA Paddock Scholarship Trust 2112 Cleveland Blvd Caldwell ID 83605 826003514 Investment Management ID 501(c)(3) PF The College of Idaho 1 Charitable Remainder Trust (1) Investment Management ID N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 College of Idaho 2nd Century Trust Fund A C 699076 General ledger College of Idaho 2nd Century Trust Fund B S 344297 General ledger