2021-05-11T11:12:35-05:00 2020-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2019-07-01 820200906 The College of Idaho Inc COLL 2084595222 2112 Cleveland Boulevard Caldwell ID 83605 Richard W Erne VP Finance & Administration 2084595222 2021-05-03 1 Kim Hunwardsen CPA P00484560 6122536500 2021-05-03 2019 2022-09-23 18:48:47Z Richard W Erne 2112 Cleveland Boulevard Caldwell ID 83605 64169248 0 X www.collegeofidaho.edu X 1893 ID Liberal arts college committed to excellence in academic instruction and scholarship. 30 20 791 135 387520 0 9000716 11833093 35658104 41503695 3394339 595509 174280 80378 48227439 54012675 19019442 25412151 0 0 17791709 16988773 0 0 649949 15957309 16136890 52768460 58537814 -4541021 -4525139 166559106 163353026 30504664 31542383 136054442 131810643 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 34391126 25412151 34130490 Higher Education: Provided instruction to undergraduate and graduate students (1120 Students). 9322180 0 1045582 Student Services: Student support services including but not limited to athletics, dean of students, admissions, financial aid services, and residence life. 5095497 6297365 Higher Education: Provided room and board for residential students and only board for nonresidential students. 2810811 30258 Higher Education: Academic support for students including but not limited to library, art gallery, museum, academic dean, and institutional research. 2810811 30258 51619614 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 1 133 0 1 791 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 20 0 0 1 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 181619 0 23243 Richard W Erne VP Finance & Administration 38.00 2.00 X 158578 0 29184 Brian Bava VP Enrollment Mgmt 40.00 0.00 X 145214 0 33273 Paul Bennion VP for Student Affairs 40.00 0.00 X 120440 0 30795 Jack Cafferty VP for College Relations 40.00 0.00 X 101205 0 20779 Douglas Brigham Co-President 40.00 0.00 X 92731 0 29014 James Everett Co-President 40.00 0.00 X 97522 0 23893 Geoffrey Trabichoff Faculty 40.00 0.00 X 102283 0 8999 Jeffrey Taylor Trustee Chair 2.00 2.00 X X 0 0 0 Jill Twedt Trustee Vice Chair 1.00 0.00 X X 0 0 0 Paul Street Trustee Secretary 2.00 2.00 X 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 Kevin Hulsey Trustee 1.00 0.00 X 0 0 0 Alan Moore Trustee 1.00 2.00 X 0 0 0 Masaki Kuwana Trustee 1.00 2.00 X 0 0 0 William 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 Richard Roberge Trustee 1.00 0.00 X 0 0 0 Laura Turner Trustee 1.00 0.00 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 Coby Dennis Trustee (From 07/2019) 1.00 0.00 X 0 0 0 Laura Arjona Trustee (From 07/2019) 1.00 0.00 X 0 0 0 Don Melendez Trustee (From 07/2019) 1.00 0.00 X 0 0 0 Ali Rabe Trustee (From 07/2019) 1.00 0.00 X 0 0 0 Rick Williams Trustee (From 07/2019) 1.00 0.00 X 0 0 0 Jim Mertz Trustee 1.00 0.00 X 0 0 0 Ron Thomas Trustee 1.00 0.00 X 0 0 0 Pamela Decoste Trustee 1.00 2.00 X 0 0 0 999592 0 199180 6 0 1 0 Compass Group 2400 Yorkmont Rd Charlotte NC 28217 Food Service Contractor 2871910 INDIEDWELL Inc 217 South 11th Boise ID 83702 Housing Builder 1357740 EAB Global 1920 E Parham Rd Richmond VA 232282206 Enrollment Services Provider 735304 Andersen Construction 6712 N Cutter Circle Portland OR 97217 Contractor 603133 Ellucian Inc 4375 Fair Lakes Court Fairfax VA 22033 ERP Technology Provider 258256 21 404643 1404742 1009945 9013763 670935 11833093 Tuition and Fees 611710 34130490 34130490 Room and Board 611710 6297365 6105519 191846 Athletics 611710 747320 725320 22000 Academics 611710 30258 30258 298262 124588 173674 41503695 818201 818201 9865595 10042096 46191 -176501 -46191 -222692 -222692 126834 404643 62316 64518 64518 21830 5970 15860 15860 54012675 41116175 387520 675887 25412151 25412151 1222568 492410 730158 12066568 10776318 840391 449859 469210 432415 18631 18164 2356081 2051205 221155 83721 874346 746183 98226 29937 181086 181086 3782680 3610027 172653 365294 121915 243379 1115181 1045751 45379 24051 906296 838792 62201 5303 1544927 1487218 30050 27659 1902174 50364 1851810 3400294 2637236 763058 450284 450284 Subscription and Librar 993728 655262 327711 10755 Repairs and Maintenance 453583 401472 51611 500 Student Organizations 388875 388875 652488 472020 180468 58537814 51619614 6268251 649949 2614338 2531348 3978071 3887928 114914 58081 107709 104602 343794 302945 125649243 45902937 80200637 79746306 73954926 71447913 5152687 5170591 15823 14612 76207 88700 166559106 163353026 2934789 3395982 574021 552719 23385084 22466279 0 550000 13872 710000 3596898 3867403 30504664 31542383 X 82396103 76876667 53658339 54933976 136054442 131810643 166559106 163353026 X -4525139 136918 144422 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105015770 1633644 1018579 6721940 209777 100736276 99317322 11428666 4953397 10419362 264253 105015770 100311510 1345629 7887720 9992882 234655 99317322 96064891 3545824 12126573 11192768 233010 100311510 100734898 4421521 -125056 8716657 249815 96064891 0.27610 0.70890 0.01500 0 1 1 312375 4448031 4760406 101666516 35230987 66435529 12071193 7088298 4982895 7151128 3583652 3567476 79746306 Interest Rate Swap 2248281 Post Retirement Insurance Obligation 648389 PV of Annuities Payable 970733 3867403 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 509030 391914 117116 33386 6168 18061 Softball Volleyball 22447 12729 9718 4701 531477 404643 126834 33386 10869 18061 62316 64518 21830 5970 1 0.92830 21830 5970 5970 15860 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 455 5257831 Unfunded Scholarships 1084 20113515 Federal SEOG 162 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 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 David Douglas VP Academic Affairs 181454 0 75 0 90 0 12980 0 10502 0 205101 0 0 0 Richard W Erne VP Finance & Administration 158443 0 75 0 60 0 11626 0 17796 0 188000 0 0 0 Brian Bava VP Enrollment Mgmt 145009 0 75 0 130 0 10764 0 22748 0 178726 0 0 0 Paul Bennion VP for Student Affairs 120305 0 75 0 60 0 8985 0 22048 0 151473 0 0 0 Part I, Line 4a Geoffrey Trabichoff 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 of their separation date. A severance payment totaling $55,067 is reported on Form 990, Part VII as reportable compensation. 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 10695000 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. 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 Laura Turner 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 William Mason Board Member To partially fund the construction of a student housing complex X 50000 50000 0 1 1 Richard Ogle 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 Rowena Roberge Spouse of Board Member To partially fund the construction of a student housing complex X 25000 25000 0 1 1 550000 X 10895 FMV X 1 2000 FMV X 13 652070 FMV X Raffle Items 1 5970 FMV X Laboratory supplies and equipment 1 0 FMV 1 0 1 0 Part I, Column (b): Column (b) represents the number of contributions received during the year. Part I, Line 33: Laboratory supplies and small equipment items each valued at less than $450, collectively donated to the College with a FMV of $12,500, were not included in revenue during the tax year. 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 A, line 4 The bylaws were updated during the tax year to recognize that the College is now governed by Presidents (plural) as opposed to one President. 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 -62,848. Change in fair market value of interest rate swap -452,231. Transfer from Trust B 659,501. 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 634742 General ledger College of Idaho 2nd Century Trust Fund B C 770000 General ledger College of Idaho 2nd Century Trust Fund B S 659501 General ledger