2018-02-16T09:07:35-06:00 2017-06-30 274238573 KING & OLIASON PLLC 200 W MERCER ST SUITE E300 SEATTLE WA 98119 990 2016-07-01 911943099 ICICLE FUND ICIC 5095480429 BOX 2025 LEAVENWORTH WA 98826 PATRICK WALKER SECRETARY 5095480429 2018-02-16 1 COLLEEN C LOUGHRAN P00286018 2062857242 209.3.139.162 2018-02-16 09:06:28 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A42099467C353424FDDDEC30140F1A114CC61ACB 2016 2021-01-29 14:40:06Z BOB BUGERT 7375 ICICLE ROAD LEAVENWORTH WA 98826 4526383 0 X iciclefund.org X 1998 WA THE MISSION OF THE ICICLE FUND IS TO SUPPORT THE ENVIRONMENT, THE ARTS AND HISTORY THROUGH INNOVATIVE COLLABORATION IN NORTH CENTRAL WASHINGTON. 11 3 3 11 0 0 612080 1757064 0 0 544698 745953 -264320 -79288 892458 2423729 2032467 807555 0 0 86826 77393 0 0 0 87809 174165 2207102 1059113 -1314644 1364616 31735262 34909857 288471 103312 31446791 34806545 THE MISSION OF THE ICICLE FUND IS TO SUPPORT THE ENVIRONMENT, THE ARTS AND HISTORY THROUGH INNOVATIVE COLLABORATION IN NORTH CENTRAL WASHINGTON. 0 0 954365 807555 45600 PROTECT THE ENVIRONMENT, ADVANCE THE APPRECIATION OF THE ARTS, ANDPROMOTE THE NATURAL AND CULTURAL HISTORY OF THE WENATCHEE RIVERWATERSHED AND THE GREATER NORTH CENTRAL WASHINGTON REGION, BYSUPPORTING CHELAN-DOUGLAS LAND TRUST, THE NATURE CONSERVANCY, THETRUST FOR PUBLIC LAND, ICICLE CREEK CENTER FOR THE ARTS, ANDWENATCHEE RIVER INSTITUTE. 954365 1 1 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 6 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 X 11 3 1 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WA X X CHRISTINE J MORGAN 5095480429 7375 ICICLE ROAD LEAVENWORTH WA 98826 BOB BUGERT PRESIDENT 6.00 36.00 X X 0 49549 10759 BUFORD HOWELL DIRECTOR 3.00 X 0 0 0 HARRIET BULLITT DIRECTOR 1.00 X 0 0 0 PATRICK WALKER SECRETARY 1.00 40.00 X X 0 60000 4200 PAUL KUNDTZ TREASURER 2.00 45.00 X X 0 126500 18000 JAMES SCHROEDER VICE-PRESIDENT 2.00 40.00 X X 0 114843 9843 ROGER HOESTEREY DIRECTOR 4.00 1.00 X 10526 7150 0 REBECCA RYKER DIRECTOR 2.50 40.00 X 0 75000 4000 TERRY PORLIER DIRECTOR 4.00 X 0 0 0 AMANDA JACKSON MOTT DIRECTOR 2.00 40.00 X 0 63162 2208 HEATHER MURPHY DIRECTOR 3.00 3.00 X 0 0 0 CHRISTINE MORGAN EXECUTIVE DIRECTOR 32.00 X 60000 0 11497 70526 496204 60507 0 0 0 0 0 X 1757064 154000 1757064 661940 661940 45600 410447 -364847 -364847 -364847 1776220 1692207 84013 84013 84013 LOAN REPAYMENT - GRANT RECOVERY 900099 280000 280000 CONTINGENT LOAN FORFEITED 900099 5000 5000 SECURITIES LITIGATION 525990 559 559 285559 2423729 -364847 0 1031512 807555 807555 60180 36108 24072 1808 1085 723 10718 6431 4287 4687 2812 1875 2642 1321 1321 55321 27515 27806 31220 31220 1753 796 957 2400 1200 1200 11569 9834 1735 93 46 47 1820 1820 BOARD INITIATIVES 49971 48871 1100 GRANTS MANAGEMENT 8115 8115 CONTRACT LABOR 3500 3500 TELECOMMUNICATIONS 2998 1499 1499 2763 1177 1586 1059113 954365 104748 0 X 21 18 518494 547150 31237 10252 21078 20985 24383315 27477676 6812354 6864028 31735262 34909857 22400 281900 79500 6571 1412 288471 103312 X 0 0 0 0 31446791 34806545 31446791 34806545 31735262 34909857 X 1364616 1864748 130390 X X 0 0 0 X X 21 Icicle Creek Center for the Arts 911650005 2 1 110405 0 Chelan-Douglas Land Trust 911331348 7 1 126990 0 The Nature Conservancy 530242652 7 1 187200 0 The Trust for Public Land 237222333 7 1 137771 0 Wenatchee River Institute 205611326 7 1 120978 0 Cascadia Methow Music Association 911517785 7 0 5000 0 South Central Washington Resource Conserv 911810332 7 0 7500 0 Community Cultural Center of Tonasket 911667770 7 0 2000 0 Confluence Gallery & Art Center 911428801 10 0 7211 0 Conservation Northwest 943091547 10 0 3000 0 Faith Lutheran Church 911031802 1 0 1500 0 HawkWatch International 850358519 7 0 1000 0 Methow Arts Alliance 911207629 7 0 7500 0 Methow Valley Citizens Council 911061350 10 0 15000 0 Okanogan County Historical Society 919900012 10 0 18000 0 Okanogan Land Trust 943112454 10 0 20000 0 OMAK PERFORMING ARTS CENTER 943084048 10 0 5000 0 The Merc Playhouse Society 911891371 10 0 1500 0 Upper Valley Connection 262420359 7 0 7500 0 Wenatchee Valley Museum and Cultural Center 916054055 7 0 7500 0 Community Foundation of NCW 911349486 7 0 15000 0 21 807555 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 Schedule A, Part IV, Section A, Line 1 ICICLE FUND WAS FORMED TO SUPPORT QUALIFIED PUBLIC CHARITABLE ORGANIZATIONS IN THE FOLLOWING CATEGORIES: A. ICICLE CREEK CENTER FOR THE ARTS AND OTHER QUALIFIED PUBLIC ARTS ORGANIZATIONS IN NORTH CENTRAL WASHINGTON ("THE AREA"); B. CHELAN DOUGLAS LAND TRUST, THE NATURE CONSERVANCY, TRUST FOR PUBLIC LAND AND OTHER QUALIFED PUBLIC CHARITABLE ORGANIZATIONS, FOR THE PURPOSE OF ACQUIRING AND PROTECTING OPEN SPACE LANDS IN THE AREA FOR CONSERVATION PURPOSES AND PROVIDING PUBLIC EDUCATION ABOUT THE ENVIRONMENT OF THE AREA; AND C. WENATCHEE RIVER INSTITUTE AND OTHER QUALIFIED PUBLIC CHARITABLE ORGANIZATIONS WHICH SUPPORT PUBLIC EDUCATION ABOUT ART, THE ENVIRNOMENT, HUMAN HISTORY AND NATURAL HISTORY OF THE AREA. SCHEDULE A, PART IV, SECTION A, LINE 5a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art III, Line 4: ICICLE FUND DISPLAYS TWO WORKS OF ART AT THE SNOWY OWL THEATER ON THE ICICLE CREEK CENTER FOR THE ARTS CAMPUS, A FOUNTAIN SCULPTURE BY TSUTAKAWA AND A KINGSTONE'S SCUPTURE BY RICHARD BEYER. THESE WORKS OF ART FURTHER THE ORGANIZATIONS EXEMPT PURPOSE BY ADVANCING APPRECIATION OF THE ARTS FOR GUESTS OF THE SNOWY OWL THEATER. 1 Icicle Creek Center for the Arts PO Box 2071 Leavenworth WA 98826 911650005 501(c)3 110405 operating support, capacity building Chelan-Douglas Land Trust PO Box 4461 Wenatchee WA 98807 911331348 501(c)3 126990 Operating Support The Nature Conservancy 4245 North Fairfax Drive Arlington VA 22203 530242652 501(c)3 187200 operating support, capacity building The Trust for Public Land 116 New Montgomery St 4th Flr San Francisco CA 94105 237222333 501(c)3 137771 program support Wenatchee River Institute PO Box 2073 Leavenworth WA 98826 205611326 501(c)3 120978 operating support South Central Washington Resource Conserv 1606 PERRY STREET YAKIMA WA 98902 911810332 501(c)3 7500 Program support Confluence Gallery & Art Center POBox 716 Twisp WA 98856 911428801 501(c)3 7211 Operating support Methow Arts Alliance PO Box 723 Twisp WA 98856 911207629 501(c)3 7500 Program Methow Valley Citizens Council PO Box 774 Twisp WA 98856 911061350 501(c)3 15000 Operating Support Okanogan County Historical Society PO Box 1129 Okanogan WA 98840 919900012 501(c)3 18000 Operating Support Okanogan Land Trust PO Box 325 Okanogan WA 98840 943112454 501(c)3 20000 Operating Support Upper Valley Connection PO Box 2137 Leavenworth WA 98826 262420359 501(c)3 7500 Program Support Wenatchee Valley Museum and Cultural Center 127 South Mission Street Wenatchee WA 98801 916054055 501(c)3 7500 Program support Community Foundation of NCW PO Box 3332 Wenatchee WA 98807 911349486 501(c)3 15000 capacity building 14 PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS IN THE U.S.: GRANTEE INFORMATION AND APPLICATIONS ARE MAINTAINED THROUGH AN ONLINE GRANTS MANAGEMENT SYSTEM. GRANTS ARE MONITORED AND HAVE DETAILED REPORTING REQUIREMENTS. GRANTEES ACKNOWLEDGE THE RECEIPT OF FUNDS IN WRITING AND AGREE THAT UNEXPENDED FUNDS WILL BE RETURNED AND THAT ANY CHANGES IN HOW MONIES ARE SPENT NEEDS PRIOR WRITTEN APPROVAL FROM ICICLE FUND. X 2 154000 APPRAISAL & ESTIMATE 0 0 0 Part I, Column (b): NUMBER OF ITEMS RECEIVED IS REPORTED ON PART I, LINE 1, COLUMN B. Form 990, Part VI, Section A, line 2 PAUL KUNDTZ, AS AN EMPLOYEE OF THE TRUST FOR PUBLIC LAND, ROBERT BUGERT, AS AN EMPLOYEE OF THE CHELAN DOUGLAS LAND TRUST, AND JAMES SCHROEDER, AS AN EMPLOYEE OF THE NATURE CONSERVANCY ROUTINELY CONDUCT LAND TRANSACTIONS AND WORK TOGETHER ON CAPITAL CAMPAIGNS. ALL ARE DIRECTORS OF ICICLE FUND. ROGER HOESTEREY WORKED WITH PAUL KUNDTZ AS AN INDEPENDENT CONTRACTOR FOR TRUST FOR PUBLIC LAND. BOTH ARE DIRECTORS OF ICICLE FUND. ROBERT BUGERT, AS AN EMPLOYEE OF THE CHELAN DOUGLAS LAND TRUST, PATRICK WALKER, AS AN EMPLOYEE OF THE WENATCHEE RIVER INSTITUTE AND JAMES SCHROEDER, AS AN EMPLOYEE OF THE NATURE CONSERVANCY, ROUTINELY WORK IN A PARTNERSHIP TOGETHER ON VARIOUS EDUCATION AND STEWARDSHIP PROGRAMS. ALL ARE DIRECTORS OF ICICLE FUND. ROBERT BUGERT AND PAUL KUNDTZ ARE BOTH DIRECTORS OF WASHINGTON WILDLIFE AND RECREATION COALITION. BOTH ARE DIRECTORS OF ICICLE FUND. REBECCA RYKER AS AN EMPLOYEE OF ICICLE CREEK CENTER FOR THE ARTS AND PARTICK WALKER AS AN EMPLOYEE OF THE WENATCHEE RIVER INSTITUTE OCCASIONALLY WORK TOGETHER TO HOSTS EVENTS AT ICCA. BOTH ARE DIRECTORS OF ICICLE FUND. HEATHER MURPHY, A DIRECTOR OF ICICLE FUND, EARNED $3,787 IN 2016 FROM SALES OF ARTS AND CRAFTS TO RELATED ORGANIZATIONS AND $1,950 IN SALES OF ART TO HARRIET BULLITT, A DIRECTOR OF ICICLE FUND. Form 990, Part VI, Section A, line 4 The Bylaws were restated in March 2017. Significant changes include that the document no longer includes specific language regarding the powers, selection, and number of directors; instead it refers to the Articles of Incorporation regarding these rules. The Articles of Incorporation were amended in December 2016. Significant changes include an increase in the maximum number of directors from 9 to 15. Designation of board members shall still follow the rule that the members chosen by the Supported Organizations shall have a majority's voting power on the Board. Additionally, remaining Board members shall be designated by Harriet Bullitt during her life, but after her death the remaining Board Members shall be designated by a majority of the other Board Members. Form 990, Part VI, Section A, line 7a HARRIET BULLITT, A MEMBER OF THE BOARD, HAS THE RIGHT TO DESIGNATE A MINORITY PERCENTAGE OF BOARD MEMBERS IN ACCORDANCE WITH ARTICLE VII OF THE RESTATED ARTICLES OF INCORPORATION. Form 990, Part VI, Section B, line 11b BOARD MEMBERS ARE NOTIFIED THAT FORM 990 IS AVAILABLE FOR REVIEW ON THE ICICLE FUND WEBSITE PAGE FOR BOARD MEMBERS. THEY ARE ALSO TOLD THE DATE OF EXPECTED SUBMISSION AND ARE ASKED FOR COMMENTS AND/OR CORRECTIONS PRIOR TO THAT DATE. Form 990, Part VI, Section B, line 12c UPON APPOINTMENT MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT THAT SAYS THE MEMBER HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT FAILURE TO DO SO MAY JEOPARDIZE THE ICICLE FUND'S PUBLIC CHARITY STATUS. IN ADDITION, THE POLICY REQUIRES THAT A PERIODIC REVIEW BE CONDUCTED THAT, AT A MINIMUM, CONSIDERS WHETHER TRANSACTIONS CONFORM TO THE ICICLE FUND'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. MEMBERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AT AN ANNUAL MEETING. Form 990, Part VI, Section B, line 15a COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. IT IS BASED ON AN ANNUAL PERFORMANCE REVIEW AND COMPARABILITY DATA MADE AVAILABLE BY EXPONENT PHILANTHROPY. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 6: ICICLE FUND RENTS FACILITIES TO ICICLE CREEK CENTER FOR THE ARTS, A SUPPORTED ORGANIZATION. FORM 990, PART VIII, LINE 6: RENT AND ROYALTY INCOME PROPERTY: ICICLE CREEK CENTER FOR THE ARTS TYPE OF PROPERTY: REAL RENTAL INCOME RENTAL INCOME: LEASE INCOME $45,600 RENTAL EXPENSES: FIRE PROTECTION AND SECURITY 332 PROPERTY TAXES 1,049 INSURANCE 44,501 REPAIRS & MAINTENANCE 34,757 PROFESSIONAL FEES 3,504 LICENSES & PERMITS 158 DEPRECIATION 326,146 TOTAL EXPENSES 410,447 NET RENTAL INCOME (LOSS) ($364,847) FORM 990, PART X, INVESTMENTS, PUBLICLY TRADED SECURITIES: DESCRIPTION ENDING BOOK VALUE COST OR FMV VANGUARD $23,742,400 FMV VANGUARD - LAF $1,736,964 FMV VANGUARD - ICCA 1,998,312 FMV TOTAL $27,477,676 Form 990, Part XI, line 9: OTHER ADJUSTMENTS INCLUDES A BOOK/TAX DEPRECIATION DIFFERENCE OF, 130,390. FORM 990, PART XII, LINE 1 THE ORGANIZATION USES A MODIFIED CASH METHOD OF ACCOUNTING. REGULATION SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBER ELECTION UNDER IRC REGULATION SECTION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION FOR THE YEAR ENDED 06/30/2017. TAXPAYER NAME: ICICLE FUND TAXPAYER ADDRESS: 7375 ICICLE ROAD, LEAVENWORTH, WA 98826 TAXPAYER ID NUMBER: 91-1943099 ICCA PROPERTIES LLC 7375 ICICLE RD LEAVENWORTH WA 98826 RENTAL WA 45600 11259859 ICICLE FUND Icicle Creek Center for the Arts PO Box 2071 Leavenworth WA 98826 911650005 arts WA 501(c)3 2 N/A 0 Chelan-Douglas Land Trust PO Box 4461 Wenatchee WA 98807 911331348 conservation WA 501(c)3 7 N/A 0 The Nature Conservancy 4245 North Fairfax Drive Arlington VA 22203 530242652 conservation VA 501(c)3 7 N/A 0 The Trust for Public Land 116 New Montgomery St 4th Flr San Francisco CA 94105 237222333 conservation CA 501(c)3 7 N/A 0 Wenatchee River Institute PO Box 2073 Leavenworth WA 98826 205611326 conservation WA 501(c)3 7 N/A 0 Cascadia Methow Music Association PO Box 1013 Twisp WA 98856 911517785 Arts WA 501(c)3 7 N/A 0 South Central Washington Resource Conserv 1606 Perry Street Yakima WA 98902 911810332 Environment WA 501(c)3 7 N/A 0 Community Cultural Center of Tonasket PO Box 664 Tonasket WA 98855 911667770 Arts WA 501(c)3 7 N/A 0 Confluence Gallery & Art Center POBox 716 Twisp WA 98856 911428801 Arts WA 501(c)3 10 N/A 0 Conservation Northwest 1208 Bay Street Bellingham WA WA 98225 943091547 Environment WA 501(c)3 10 N/A 0 Faith Lutheran Church PO Box 418 Leavenworth WA 98826 911031802 Environment WA 501(c)3 1 N/A 0 HawkWatch International 2240 South 900 East Salt Lake City UT 84106 850358519 Environment UT 501(c)3 7 N/A 0 Methow Arts Alliance PO Box 723 Twisp WA 98856 911207629 Arts WA 501(c)3 7 N/A 0 Methow Valley Citizens Council PO Box 774 Twisp WA 98856 911061350 Environment WA 501(c)3 10 N/A 0 Okanogan County Historical Society PO Box 1129 Okanogan WA 98840 919900012 History WA 501(c)3 10 N/A 0 Okanogan Land Trust PO Box 325 Okanogan WA 98840 943112454 Environment WA 501(c)3 10 N/A 0 OMAK PERFORMING ARTS CENTER PO BOX 327 OMAK WA 98841 943084048 Arts WA 501(c)3 10 N/A 0 The Merc Playhouse Society PO Box 425 Twisp WA 98856 911891371 Arts WA 501(c)3 10 N/A 0 Upper Valley Connection P O Box 2137 Leavenworth WA 98826 262420359 Arts WA 501(c)3 7 N/A 0 Wenatchee Valley Museum and Cultural Center 127 South Mission Street Wenatchee WA 98801 916054055 History WA 501(c)3 7 N/A 0 Community Foundation of NCW PO Box 3332 Wenatchee WA 98807 911349486 community WA 501(c)3 7 N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0