2022-02-15T14:44:31-06:00 2021-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2020-07-01 271159705 The College of Western Idaho Foundation Inc COLL 2085623274 5275 E Franklin Road Nampa ID 83687 Michael Jensen Director, Foundation 2085623274 2022-02-09 1 Michael Jensen 999009999 Kim Hunwardsen CPA P00484560 6122536500 2022-02-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X Michael Jensen 5275 E Franklin Road Nampa ID 83687 2126843 0 X cwi.edu/giving/foundation X 2009 ID To provide support for the fundraising efforts of CWI and to manage privately donated funds. 10 10 0 11 0 0 909283 663986 0 0 159157 322253 -4195 -662 1064245 985577 488642 746907 0 0 0 0 0 0 0 72886 72799 561528 819706 502717 165871 5476616 6409056 9511 38438 5467105 6370618 X The Foundation, an Internal Revenue Code ("Code") Section 501(c)(3) tax-exempt organization, supports the mission of the College through the development and creation of resources that will improve and (Continued on Schedule O)(Continued from Form 990, Part III, Line 1) advance the College, its programs, and students. The Foundation raises funds from individuals, companies, foundations, and organizations, and invests and manages gifts in accordance with donors' wishes. 0 0 746907 746907 The College of Western Idaho Foundation raised and managed Scholarship Funds, Program Support, and private resources for the College of Western Idaho Students and Programs which support the mission and priorities of the College. During the Fiscal year ending June 30, 2021, the Foundation provided scholarship funds to the College of Western Idaho, who in turn provided scholarships to 376 students totaling $499,341. The Foundation also provided program support totaling $247,566 to the College of Western Idaho.(Continued on Schedule O)(Continued from Form 990, Part III, Line 4a) The COVID-19 pandemic had an effect on the Foundation's ability to connect with our donors and raise funds. Due to shut down procedures, the Foundation lost the ability to meet donors and potential donors in person, which is essential to maintaining and building relationships. Our fundraising events were either cancelled or moved to a virtual format. This translated into lower funds raised for student scholarships. While we were able to secure new scholarship agreements during the pandemic, those were fewer and based on the donors seeking out CWI and the Foundation. Our ability to be present in the community would have fostered new relations, equaling more donations to student scholarships. The past year did teach us how to adapt to a different fundraising format so while overall we experienced a decrease in scholarship funds raised, we figured out new tools to add to our fundraising strategies in the future. 746907 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Jeanie Gerwig 2085623274 5275 E Franklin Road Nampa ID 83687 Michael Jensen Director, Foundation 40.00 X 75000 0 20548 LaDawn Anderst Database Coordinator, Foundation 40.00 X 53000 0 18423 Ivan Castillo President 1.00 X X 0 0 0 Edward Barrett Until 072020 President 1.00 X X 0 0 0 Mike Pena Vice President 1.00 X X 0 0 0 Greg Braun Treasurer 1.00 X X 0 0 0 Mike Ballenger Director 1.00 X 0 0 0 Mary May Director 1.00 X 0 0 0 Kevin Rigenhagen Director 1.00 X 0 0 0 Kelly Olson Director 1.00 X 0 0 0 Clint Child Director 1.00 X 0 0 0 Ben Chaney Director 1.00 X 0 0 0 Connie Miller Director 1.00 X 0 0 0 128000 0 38971 0 0 0 1 0 62353 601633 5918 663986 88486 88486 1365676 1131909 233767 233767 233767 8695 62353 9357 -662 -662 985577 0 0 321591 746907 746907 17240 17240 36112 36112 216 216 3881 3881 490 490 1319 1319 10562 10562 Professional Developmen 1323 1323 Memberships & Subscript 225 225 1431 1431 819706 746907 72799 0 1999220 1620616 2190 0 3470276 4783015 4930 5425 5476616 6409056 9511 38438 9511 38438 X 853074 1247427 4614031 5123191 5467105 6370618 5476616 6409056 165871 737642 0 X 0 1 X 1 0 X 491121 387402 550628 909283 663986 3002420 491121 387402 550628 909283 663986 3002420 1391735 1610685 70107 82599 100317 89829 88486 431338 3433758 29399 0.46910 0.50580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2079705 43711 636381 64247 2695550 1539700 509925 89364 59284 2079705 1458767 41884 82821 43772 1539700 1349458 64124 95270 47454 2631 1458767 1202279 38418 149712 40951 1349458 0.00000 0.67870 0.32130 0 0 0 X 2062620 737642 374851 1112493 950127 36112 -662 35450 985577 1159107 374851 662 375513 783594 36112 36112 819706 Part V, Line 4: The Foundation's endowment funds are intended to be used for scholarships and college program support. The endowment consists of 38 individual funds that are established for a variety of purposes. In accordance with the state prudent management of institutional funds act (SPMIFA), the Foundation considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) the duration and preservation of the fund or endowment, (2) the purposes of the Foundation and the donor-restricted endowment fund, (3) general economic conditions, (4) the possible effects of inflation and deflation, (5) the expected total return from income and the appreciation of investments, (6) other resources of the foundation, (7) the investment policies of the Foundation. Part X, Line 2: The Foundation 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 Foundation 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. Part XI, Line 4b - Other Adjustments: Special Events Adjustment - Expenditures -662. Part XII, Line 2d - Other Adjustments: Special Events Adjustment - Expenditures 662. Opening Doors 71048 62353 8695 9357 71048 62353 8695 9357 9357 -662 1 The College of Western Idaho 6056 Birch Lane Suite 200 Nampa ID 83687 260684268 State of Idaho 746907 Departmental Support, Program Support, and Scholarship funds for the College. 1 0 Part I, Line 2: The senior accountant verifies compliance with donor intent. The Database Coordinator, Foundation, approves the disbursement of all funds. The College of Western Idaho Scholarship Coordinator and Financial Aid Director utilize Scholarship Grants and Assistance information to confirm scholarship eligibility. 0 0 0 0 0 0 0 0 0 Schedule J, Part II, Compensation from Unrelated Organization: The College of Western Idaho, an unrelated organization, compensated the following on the Foundation's behalf for the 2020 Calendar Year: Michael Jensen, Director, Foundation: Compensation: $75,000 Retirement: $8,898 Nontaxable Benefits: $11,650 Nontaxable Life: $598 LaDawn Anderst, Database Coordinator, Foundation: Compensation: $53,000 Retirement: $6,288 Nontaxable Benefits: $12,136 Nontaxable Life: $423 These expenses have not been included on Form 990 Part IX as they are donated services and are included on Schedule D, Part XI and Part XII. 0 0 1 0 Part I, Line 33: Various vehicles donated to the Foundation for use by college programs such as auto mechanic. These are recorded as in kind without a value. Form 990, Part VI, Section A, line 1 The Executive Committee shall be chaired by the Foundation Board President and composed of the immediate past President, Vice President/President elect, Treasurer, two (2) members-at-large from the sitting Board, the CWI President, and the CWI VP of College Relations. The Database Coordinator, Foundation, shall serve as Secretary. The committee is charged with providing direction to the Board and conducting all Foundation business not prohibited by the Articles of Incorporation or Bylaws. The Executive Committee shall meet at the call of the President or any two officers to conduct the affairs of the Foundation between meetings of the Board. Form 990, Part VI, Section B, line 11b A copy of the Form 990 is reviewed by the Director, Foundation, then provided to the Finance and Executive Committee by email for review prior to the board meeting where it is provided to all board members. Form 990, Part VI, Section B, line 12c All board members are covered by the Foundation's conflict of interest policy and are required to submit a conflict of interest questionnaire annually. The Database Coordinator, Foundation, reviews any conflict of interest that is brought to their attention by the Foundation staff. Persons with a conflict of interest are recused from discussion and voting. Form 990, Part VI, Section B, line 15 LaDawn Anderst and Michael Jensen are compensated by the College of Western Idaho, an unrelated organization. They share the role of top management official of the Foundation. The Foundation has reported on Part VII compensation paid to the Database Coordinator, Foundation, and Director, Foundation, position on the Foundation's behalf. These expenses have not been included on Form 990 Part IX as they are donated services and are included on Schedule D, Parts XI and Part XII. Form 990, Part VI, Section C, line 19 Documents are available for public inspection upon request.