2024-05-10T16:23:14-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 820200906 The College of Idaho Inc COLL 2084595222 2112 Cleveland Boulevard Caldwell ID 83605 Richard W Erne VP Finance & Administration 2084595222 2024-05-09 1 Richard Erne 999009999 1 Kim Hunwardsen CPA P00484560 6122536500 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Richard W Erne 2112 Cleveland Boulevard Caldwell ID 83605 106072179 0 X www.collegeofidaho.edu X 1893 ID Liberal arts college committed to excellence in academic instruction and scholarship. 31 25 768 124 628 0 24069587 21486439 46000774 45723635 -11316209 8026793 161202 138518 58915354 75375385 28876170 27960220 0 0 18300192 19912637 0 0 753933 18817004 18782103 65993366 66654960 -7078012 8720425 172477776 179005322 27471626 24761507 145006150 154243815 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 38835789 27960220 36979864 Higher Education - Instructional: Provided instruction to undergraduate and graduate students (1,075 Students). 11092904 836175 Student Services: Student support services including but not limited to athletics, dean of students, admissions, financial aid services, and residence life. 6056356 7853780 Higher Education - Auxiliary: Provided room and board for residential students and only board for nonresidential students. 3203156 53188 Higher Education - Academic Support: Academic support for students including but no limited to library, art gallery, museum, academic dean, and institutional research. 3203156 53188 59188205 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 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 204 0 1 768 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X Richard Erne 2084595222 2112 Cleveland Boulevard Caldwell ID 83605 Jill Twedt Trustee Chair 2.00 2.00 X X 0 0 0 Jen Sampson Trustee Vice Chair 2.00 0.00 X X 0 0 0 Paul Street Trustee Secretary 2.00 2.00 X X 0 0 0 Ron Thomas Trustee (thru 4/2023) 1.00 0.00 X 0 0 0 Rick Williams Trustee 1.00 0.00 X 0 0 0 Michael Garcia Trustee 1.00 0.00 X 0 0 0 Michael Elliott Trustee 1.00 0.00 X 0 0 0 Mary Smith Trustee 1.00 0.00 X 0 0 0 Pamela Decoste Trustee 1.00 2.00 X 0 0 0 Kyle Sales Trustee 1.00 2.00 X 0 0 0 Laura Arjona Trustee 1.00 0.00 X 0 0 0 James Mertz Trustee 1.00 0.00 X 0 0 0 Ali Rabe Trustee 1.00 0.00 X 0 0 0 Brandon Fitzpatrick Trustee 1.00 0.00 X 0 0 0 Candy Dale Trustee 1.00 0.00 X 0 0 0 Coby Dennis Trustee 1.00 0.00 X 0 0 0 Doug Oppenheimer Trustee 1.00 0.00 X 0 0 0 Alan Moore Trustee 1.00 2.00 X 0 0 0 Megan Ronk Trustee 1.00 0.00 X 0 0 0 Megan Multanen Trustee 1.00 0.00 X 0 0 0 Sue Weitz Trustee 1.00 0.00 X 0 0 0 Dennis R Robertson Trustee 1.00 0.00 X 0 0 0 Elaine Baylor Trustee 1.00 0.00 X 0 0 0 Paula Kluksdal Trustee 1.00 0.00 X 0 0 0 Karly Pippitt Trustee 1.00 0.00 X 0 0 0 Amalka Samaraskera Trustee 1.00 0.00 X 0 0 0 Ken Wagers Trustee 1.00 2.00 X 0 0 0 Kate Fowler Trustee (Joined 07/2022) 1.00 0.00 X 0 0 0 Lorenzo Olvera Trustee (Joined 07/2022) 1.00 0.00 X 0 0 0 Michael Pearson Trustee (Joined 07/2022) 1.00 0.00 X 0 0 0 Ray Marshall Trustee (Joined 07/2022) 1.00 2.00 X 0 0 0 Scott Ferguson Trustee (Joined 07/2022) 1.00 0.00 X 0 0 0 David Douglass VP Academic Affairs 40.00 0.00 X 200935 0 37417 Richard W Erne CFO 38.00 2.00 X 188899 0 13997 Latonia Haney Keith VP High Impact Practices 40.00 0.00 X 189413 0 12349 Brian Bava VP Enrollment Mgmt 40.00 0.00 X 167620 0 33535 Paul Bennion VP for Student Affairs 40.00 0.00 X 142395 0 30128 Jack Cafferty VP for College Relations 40.00 0.00 X 147573 0 23361 Reagan Rossi VP Athletics 40.00 0.00 X 124083 0 7776 James Everett Co-President 40.00 0.00 X 115120 0 22611 Douglas Brigham Co-President 40.00 0.00 X 110065 0 31056 Mee-Ae Kim History Professor (thru 05/2023) 40.00 0.00 X 104201 0 9923 Keith Bower Director of IT 40.00 0.00 X 101225 0 26645 Kimberly Napoli Controller (Left 03/2023) 40.00 0.00 X 112250 0 9985 1703779 0 258783 12 0 1 0 Compass Group 2400 Yorkmont Rd Charlotte NC 28217 Food Service Contractor 3483511 Andersen Construction 6712 N Cutter Circle Portland OR 97217 Contractor 2374737 EAB Global 1920 E Parham Rd Richmond VA 232282206 Enrollment Services Provider 605028 Ellucian Inc 4375 Fair Lakes Court Fairfax VA 22033 ERP Technology Provider 605028 ATS Inland 10951 W Emerald St Boise ID 83713 Custom Engineering and Building Automati 297683 15 745495 654502 315774 19770668 8490228 21486439 Tuition and Fees 611710 36812024 36812024 Room and Board 611710 7854408 7853780 628 Athletics 611710 836175 836175 Academics 611710 53188 53188 167840 167840 45723635 754287 754287 37799348 30485203 41639 7314145 -41639 7272506 7272506 250645 745495 157674 92971 92971 57825 12278 45547 45547 75375385 45723007 628 8165311 27960220 27960220 1656437 239475 1013567 403395 14183282 13052139 921338 209805 710720 668912 35420 6388 2327727 2035980 235748 55999 1034471 876564 120887 37020 186389 186389 4849839 4571515 278324 323934 122826 201108 1509547 1404491 63730 41326 1542810 1444462 98348 2269929 2173288 96641 1419667 34048 1385619 3158402 2467585 690817 722806 722806 Subscription and Librar 1139657 736304 403353 Repairs and Maintenance 1091052 1020521 70531 Student Organizations 379875 379875 188196 188196 66654960 59188205 6712822 753933 3067176 3183254 3946313 4231233 119121 132466 80743 106304 275724 658044 128718834 51740783 76674939 76978051 81039840 86988775 6953804 6207470 11839 10252 308277 509473 172477776 179005322 3584800 2977388 392562 324007 20423670 18969865 425000 625000 760000 535000 1885594 1330247 27471626 24761507 X 70578549 64350719 74427601 89893096 145006150 154243815 172477776 179005322 X 8720425 -14818 532058 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111180504 9713721 10266387 13194047 229400 117737165 125768516 7366119 -15292864 6379618 281649 111180504 100736276 2324243 27901714 4948866 244851 125768516 105015770 1633644 1018579 6721940 209777 100736276 99317322 11428666 4953397 10419362 264253 105015770 0.20720 0.78260 0.01020 0 1 1 321724 4257641 4579365 107457972 42442999 65014973 13369294 7695403 5673891 3312203 1602381 1709822 76978051 Interest Rate Swap 228368 Post Retirement Insurance Obligation 221313 PV of Annuities Payable 880566 1330247 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 667288 545299 121989 9361 3500 47087 20484 2030 Steak Feed 309546 189153 120393 2916 19125 20585 6238 12701 1 19306 11043 8263 8127 1635 3885 996140 745495 250645 12277 30752 69307 26722 18616 157674 92971 57825 12278 1 0.90090 57825 12278 12278 45547 ID 1 0 1 0 0.50000 0.50000 Brandi Clark 2122 Cleveland Blvd Caldwell ID 83605 0 Brandi Clark 338 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 Unfunded Scholarships 1063 21683912 Funded Scholarships 477 6235503 Federal SEOG 169 40805 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 student's 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 0 0 0 0 0 0 0 0 0 David Douglass VP Academic Affairs 187935 0 13000 0 0 0 13860 0 23818 0 238613 0 0 0 Richard W Erne CFO 175899 0 13000 0 0 0 12349 0 1908 0 203156 0 0 0 Latonia Haney Keith VP High Impact Practices 176413 0 13000 0 0 0 12349 0 261 0 202023 0 0 0 Brian Bava VP Enrollment Mgmt 154620 0 13000 0 0 0 11431 0 22364 0 201415 0 0 0 Paul Bennion VP for Student Affairs 129395 0 13000 0 0 0 9630 0 20759 0 172784 0 0 0 Jack Cafferty VP for College Relations 134573 0 13000 0 0 0 9713 0 13909 0 171195 0 0 0 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 14270000 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 1 0 1 1 US Bank National Association 13.750000000000 0 0 0 0 1 A 0 Schedule K, Part II, 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 consistent with the intent of the bond issuance. Schedule K, Part IV, Line 2: The proceeds from bonds issued in October 2016 were privately placed and drawn down as funds were spent. The College did not earn investment income on the bonds and met timing requirements for exception to rebate per Bond Counsel. Alan Moore Board Member To partially fund the construction of a student housing complex X 100000 100000 0 1 1 Shauna Williams Spouse of Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 Michael Elliott Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 James Mertz Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 Kyle Sales Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 Substantial Contributor Substantial Contributor To partially fund the construction of a student housing complex X 100000 100000 0 1 1 Sheryl A Wing Supplemental Needs Tr Previous Board Member To partially fund the construction of a student housing complex X 200000 200000 0 1 1 Laura Turner Previous Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 William Mason Previous Board Member To partially fund the construction of a student housing complex X 50000 50000 0 1 1 Richard Ogle Previous Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 Masaki Kuwana Previous Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 625000 X 30000 FMV X 7 5689296 FMV X 3 2731785 FMV X Sports Court 1 27972 FMV X Raffle Items 3 6000 FMV X Softball Field Press Box 1 5175 FMV 0 0 1 1 Part I, Column (b): Column (b) represents the number of contributions received during the year. Part I, Line 32b: Real estate agents are used to sell property gifts received. Form 990, Part VI, Section A, line 1a 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 -55,152. Change in fair market value of interest rate swap 587,210. 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 0 College of Idaho 2nd Century Trust Fund A C 654502 General ledger