2023-04-17T14:03:51-05:00 2022-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2021-07-01 820200906 The College of Idaho Inc COLL 2084595222 2112 Cleveland Boulevard Caldwell ID 83605 Richard W Erne VP Finance & Administration 2084595222 2023-04-14 1 Richard Erne 999009999 Kim Hunwardsen CPA P00484560 6122536500 2023-04-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Richard W Erne 2112 Cleveland Boulevard Caldwell ID 83605 84739090 0 X www.collegeofidaho.edu X 1893 ID Liberal arts college committed to excellence in academic instruction and scholarship. 30 23 764 103 8295 0 14604950 24069587 40090248 46000774 19363004 -11316209 41941 161202 74100143 58915354 26494883 28876170 0 0 16865424 18300192 0 0 608153 13698656 18817004 57058963 65993366 17041180 -7078012 181832866 172477776 30327573 27471626 151505293 145006150 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 39014477 28876170 37760304 Higher Education - Instructional: Provided instruction to undergraduate and graduate students (1130 Students). 11552542 725326 Student Services: Student support services including but not limited to athletics, dean of students, admissions, financial aid services, and residence life. 5538374 7491265 Higher Education - Auxiliary: Provided room and board for residential students and only board for nonresidential students. 2999573 15584 Higher Education - Academic Support: Academic support for students including but no limited to library, art gallery, museum, academic dean, and institutional research. 2999573 15584 59104966 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 97 0 1 764 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 23 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 David Douglas VP Academic Affairs 40.00 0.00 X 181833 0 22092 Richard W Erne VP Finance & Administration 38.00 2.00 X 166347 0 10640 Latonia Haney Keith VP High Impact Practices 40.00 0.00 X 157274 0 4026 Brian Bava VP Enrollment Mgmt 40.00 0.00 X 145800 0 30573 Paul Bennion VP for Student Affairs 40.00 0.00 X 120814 0 28860 Jack Cafferty VP for College Relations 40.00 0.00 X 109391 0 19437 Reagan Rossi VP Athletics 40.00 0.00 X 103388 0 5658 Sara Heggland Biology Professor 40.00 0.00 X 100845 0 12849 James Everett Co-President 40.00 0.00 X 94982 0 21845 Douglas Brigham Co-President 40.00 0.00 X 90027 0 28961 Jill Twedt Trustee Chair 2.00 0.00 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 Jeffrey Taylor Trustee 1.00 2.00 X 0 0 0 Ron Thomas Trustee 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 Masaki Kuwana Trustee 1.00 2.00 X 0 0 0 Mary Smith Trustee 1.00 0.00 X 0 0 0 Marcia Wing 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 (Joined as of 7/1/21) 1.00 0.00 X 0 0 0 Karly Pippitt Trustee (Joined as of 7/1/21) 1.00 0.00 X 0 0 0 Amalka Samaraskera Trustee (Joined as of 7/1/21) 1.00 0.00 X 0 0 0 Ken Wagers Trustee (Joined as of 7/1/21) 1.00 2.00 X 0 0 0 1270701 0 184941 8 0 1 0 Compass Group 2400 Yorkmont Rd Charlotte NC 28217 Food Service Contractor 3320062 EAB Global 1920 E Parham Rd Richmond VA 232282206 Enrollment Services Provider 521824 Andersen Construction 6712 N Cutter Circle Portland OR 97217 Contractor 454652 Ellucian Inc 4375 Fair Lakes Court Fairfax VA 22033 ERP Technology Provider 290136 Caldwell Transportation 3503 S 10th Ave Caldwell ID 83605 Transportation Provider 224679 11 693056 2954259 1605173 18817099 2041943 24069587 Tuition and Fees 611710 37651240 37651240 Room and Board 611710 7499560 7491265 8295 Athletics 611710 725326 725326 Academics 611710 15584 15584 109064 109064 46000774 761090 761090 13628518 25684630 21187 -12056112 -21187 -12077299 -12077299 225118 693056 117919 107199 107199 54003 0 54003 54003 58915354 45992479 8295 -11155007 28876170 28876170 1439129 612931 631829 194369 14116759 12738284 1032546 345929 287822 287253 567 2 1505033 1334011 135989 35033 951449 821128 98768 31553 229842 229842 4669822 4408743 261079 306279 124838 181441 1225679 1140501 83911 1267 1166357 1088578 77779 1975994 1900552 75442 1163943 29345 1134598 3286403 2541181 745222 675757 675757 Subscription and Librar 1140885 725916 414969 Repairs and Maintenance 1067859 996872 70987 Student Organizations 398625 398625 1509559 1080038 429521 65993366 59104966 6280247 608153 2361545 3067176 3869347 3946313 141362 119121 80891 80743 295840 275724 126361705 49686766 78646971 76674939 90816275 81039840 5520252 6953804 13324 11839 87059 308277 181832866 172477776 3453424 3584800 489195 392562 21812474 20423670 450000 425000 785000 760000 3337480 1885594 30327573 27471626 X 80756805 70578549 70748488 74427601 151505293 145006150 181832866 172477776 X -7078012 -685567 1264436 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125768516 7366119 -15292864 6379618 281649 111180504 100736276 2324243 27901714 4948866 244851 125768516 105015770 1633644 1018579 6721940 209777 100736276 99317322 11428666 4953397 10419362 264253 105015770 100311510 1345629 7887720 9992882 234655 99317322 0.25764 0.70690 0.03544 0 1 1 347468 4257641 4605109 104726503 40106208 64620295 12599064 7297761 5301303 4431029 2282797 2148232 76674939 Interest Rate Swap 664527 Post Retirement Insurance Obligation 261337 PV of Annuities Payable 959730 1885594 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 711177 592495 118682 9587 6830 37536 18495 4983 Steak Feed 191973 90627 101346 20705 7395 5541 2551 4296 1 15024 9934 5090 918174 693056 225118 30292 14225 43077 21046 9279 117919 107199 54003 1 1.00000 54003 54003 ID 1 0 1 0 0.50000 0.50000 Kim Napoli 2122 Cleveland Blvd Caldwell ID 83605 0 Kim Napoli 1077 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 1109 21728575 Funded Scholarships 495 7106790 Federal SEOG 175 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 Douglas VP Academic Affairs 181783 0 50 0 0 0 10047 0 12306 0 204186 0 0 0 Richard W Erne VP Finance & Administration 166297 0 50 0 0 0 8996 0 1905 0 177248 0 0 0 Latonia Haney Keith VP High Impact Practices 157204 0 70 0 0 0 4026 0 261 0 161561 0 0 0 Brian Bava VP Enrollment Mgmt 145750 0 50 0 0 0 8328 0 22506 0 176634 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 12790000 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 Sheryl A Wing Supplemental Needs Tr Entity more than 35% controlled by Marcia Wing, Board Member To partially fund the construction of a student housing complex X 200000 200000 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 Masaki Kuwana Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 425000 X 20000 FMV X 490 FMV X 2 14349 FMV X 14 1932451 FMV X Softball Field Lighting 1 30000 FMV X Security Cameras 1 26021 FMV X Raffle Items 2 14632 FMV X Backstop Padding 1 4000 FMV 0 0 1 0 Part I, Column (b): Column (b) represents the number of contributions received during the year. 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 -130,942. Change in fair market value of interest rate swap 1,395,378. 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 618698 General ledger College of Idaho 2nd Century Trust Fund B C 2335561 General ledger