2019-05-10T12:52:35-05:00 2018-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2017-07-01 820200906 The College of Idaho Inc COLL 2084595222 2112 Cleveland Boulevard Caldwell ID 83605 Richard W Erne Chief Financial Officer 2084595222 2019-04-25 1 Kim Hunwardsen CPA P00484560 2083447150 2019-04-24 199.116.169.11 2019-04-25 15:58:59 MD P A7F70EC36E7654F27FD9DA13D4D79D2418AE0B77 E3B96EF6EB1F71A28E9A044EB2088E22A2328E47 2017 2019-02-21 02:37:17Z Richard W Erne 2112 Cleveland Boulevard Caldwell ID 83605 47938028 0 X www.collegeofidaho.edu X 1893 ID Liberal arts college committed to excellence in academic instruction and scholarship. 34 33 777 104 289886 -114216 6787990 6583781 32368914 33467129 7683843 4178347 91750 76777 46932497 44306034 14169692 15465122 0 0 18224496 18729067 0 0 1401441 15069952 15733827 47464140 49928016 -531643 -5621982 173720975 171526952 30165211 31162438 143555764 140364514 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 25376772 15465122 28118485 Higher Education: Provided instruction to undergraduate and graduate students (903 Students). 12187788 666502 Higher Education: Academic support for students including but not limited to library, art gallery, academic dean, instructional research, admissions, financial aid services, counseling and athletics (903 Students). 4481280 6290688 Higher Education: Provided room and board for residential students and only board for nonresidential students (903 Students). 42045840 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 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 128 0 1 777 1 1 1 0 0 0 0 1 1 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X Jesse Harris 2084595222 2112 Cleveland Boulevard Caldwell ID 836054432 Laura Turner Trustee Chair 2.00 0.00 X X 0 0 0 Jeffrey Taylor Trustee Vice Chair 1.00 2.00 X X 0 0 0 Kenneth C Howell Trustee Secretary 2.00 2.00 X X 0 0 0 James Alderman Trustee 1.00 0.00 X 0 0 0 Louie Attebery Trustee 1.00 0.00 X 0 0 0 Tricia Baur Trustee 1.00 0.00 X 0 0 0 Darrell Carney Trustee 1.00 0.00 X 0 0 0 Michael Caughlin Trustee (Left Mid-Year) 1.00 0.00 X 0 0 0 Don Coberly Trustee 1.00 0.00 X 0 0 0 Mary Crookham Trustee 1.00 0.00 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 Scott Gipson Trustee 1.00 0.00 X 0 0 0 Michael Graves Trustee (Left Mid-Year) 1.00 0.00 X 0 0 0 Richard Hazen 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 0.00 X 0 0 0 Mas Kuwana Trustee 1.00 0.00 X 0 0 0 Jack K Lemley Trustee 1.00 0.00 X 0 0 0 Bill 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 Peter S O'Neill Trustee 1.00 0.00 X 0 0 0 Richard Roberge Trustee 1.00 0.00 X 0 0 0 Paul Street Trustee 1.00 2.00 X 0 0 0 Shawna Swanson Trustee 1.00 0.00 X 0 0 0 Jill Twedt Trustee 1.00 0.00 X 0 0 0 Alexander Toeldte Trustee 1.00 0.00 X 0 0 0 Shauna Williams Trustee 1.00 0.00 X 0 0 0 Marcia Wing Trustee 1.00 0.00 X 0 0 0 Graye Wolfe Sr Trustee 1.00 0.00 X 0 0 0 Mary Abercrombie Trustee (From Mid-Year) 1.00 0.00 X 0 0 0 Candy Dale Trustee 1.00 0.00 X 0 0 0 Mary Smith Trustee (From Mid-Year) 1.00 0.00 X 0 0 0 Kyle Sales Trustee (From Mid-Year) 1.00 2.00 X 0 0 0 Doug Oppenheimer Trustee (From Mid-Year) 1.00 0.00 X 0 0 0 Douglas Brigham Co-President 40.00 0.00 X 0 0 0 James Everett Co-President 40.00 0.00 X 25774 0 14421 Robert Hoover Interim President (Left Mid-Year) 40.00 0.00 X 80612 0 5386 Charlotte G Borst President (Left Mid-Year) 40.00 0.00 X 225563 0 24103 Richard Erne CFO 38.00 2.00 X 173002 0 35712 John Ottenhoff VP Academic Affairs 40.00 0.00 X 110061 0 25209 Paul Bennion VP for Student Affairs 40.00 0.00 X 127463 0 27834 Lorna Hunter Left Mid-Year VP for Enrollment Mgmt 40.00 0.00 X 119730 0 11816 Michael Vandervelden VP for College Relations 40.00 0.00 X 161327 0 23297 David Douglas VP Academic Affairs (From Mid-Year) 40.00 0.00 X 96261 0 3458 Brian Bava VP Enrollment Mgmt (From Mid-Year) 40.00 0.00 X 0 0 0 Reagan Rossi Director of Athletics (From Mid-Year) 40.00 0.00 X 101220 0 6384 Mark Heidrich From Mid-Year Associate VP Institutional 40.00 0.00 X 109320 0 7926 1330333 0 185546 8 0 1 0 Kreizenbeck LLC 11724 W Executive Dr Boise ID 83713 Contractor 9025755 Andersen Construction 6712 N Cutter Circle Portland OR 97217 Contractor 3970753 Compass Group 2400 Yorkmont Rd Charlotte NC 28217 Food Service Provider 2763711 Neurilink 623 S American Blvd Boise ID 83702 Audio Visual Systems Provider 531576 Royall & Company 1920 E Parham Rd Richmond VA 232282206 Enrollment Services Provider 435904 20 102949 251067 1461916 340645 4427204 460698 6583781 Tuition and Fees 611710 26393110 26393110 Room and Board 611710 6290688 6046541 244147 Athletics 611710 621819 596319 25500 Academics 611710 44683 44683 116829 96590 20239 33467129 523411 523411 7198373 3502014 41423 3696359 -41423 3654936 3654936 122882 251067 72357 50525 50525 42452 16200 26252 26252 44306034 33177243 289886 4255124 15465122 15465122 1482329 240867 969907 271555 13096441 11466799 1274559 355083 617680 549760 57778 10142 2557098 2115261 348912 92925 975519 789748 145675 40096 183535 183535 3815818 3636287 143674 35857 260003 98435 142881 18687 1268618 1162440 30807 75371 1004253 932495 60721 11037 1887779 1743726 32356 111697 1395953 12307 1379825 3821 3232647 2497572 735075 476472 211435 265037 Repairs and Maintenance 1198281 173601 663548 361132 Subscription and Librar 391430 330947 46445 14038 Student Fees 329438 329438 289600 289600 49928016 42045840 6480735 1401441 3630446 2381947 24462376 14202075 290545 14267 143383 92583 454241 304436 120536016 39630780 69933426 80905236 73818131 73475153 912866 70111 75561 81144 173720975 171526952 3868544 2985283 927749 671947 21050803 24263888 116657 34998 4201458 3206322 30165211 31162438 X 72630859 82085825 48044817 34455376 22880088 23823313 143555764 140364514 173720975 171526952 X -5621982 1641740 788992 X 0 1 X 1 1 1 X 100311510 1345629 7887720 9992882 234655 99317322 96064891 3545824 12126573 11192768 233010 100311510 100734898 4421521 -125056 8716657 249815 96064891 111047359 682156 2136779 12900899 230497 100734898 100843248 1087724 17282171 7941784 224000 111047359 0.39300 0.57800 0.02900 0 1 1 307824 4448030 4755854 100439135 30264680 70174455 10985980 5833510 5152470 4355047 3532590 822457 80905236 Interest Rate Swap 1403835 Post Retirement Insurance Obligation 781157 PV of Annuities Payable 1021330 3206322 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 is organized as a nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), it qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(ii), and it has been determined not to be private foundation under Sections 509(a)(1). The College is required annually to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the College is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The College files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. 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. 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 257559 194819 62740 3000 27629 10675 Steak Feed 86298 41331 44967 3470 12690 11176 1 30092 14917 15175 300 3377 40 373949 251067 122882 6770 43696 21891 72357 50525 42452 16200 1 0.92860 42452 16200 16200 26252 ID 1 0 1 0 0.50000 0.50000 Jesse Harris 2122 Cleveland Blvd Caldwell ID 83605 0 Jesse Harris 2000 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 0 Funded Scholarships 267 2642145 Unfunded Scholarships 899 12651272 Federal SEOG 102 171705 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 X X 1 1 X X 0 0 0 0 0 0 0 1 0 Charlotte G Borst President (Left Mid-Year) 201047 0 0 0 24516 0 14350 0 11722 0 251635 0 0 0 Richard Erne CFO 150502 0 22500 0 0 0 11288 0 24693 0 208983 0 0 0 Paul Bennion VP for Student Affairs 116463 0 11000 0 0 0 8653 0 19451 0 155567 0 0 0 Michael Vandervelden VP for College Relations 136327 0 25000 0 0 0 9826 0 13741 0 184894 0 0 0 Part I, Line 1a In order to maintain a competitive compensation package comparable to other Colleges and Universities, the College of Idaho provided the President of the College, Charlotte G. Borst, certain additional compensation benefits including personal living quarters, spousal travel, and professional club dues. The personal use of the College owned residence and the related support services are reported as taxable compensation to the President. Spousal travel is reported as 100% taxable compensation. Professional social club dues are considered a requirement for business and as such, are not included in compensation. Interim President Bob Hoover was also given the above benefits and taxed accordingly. With the College of Idaho currently having co-presidents, they are provided similar fringe benefits, but have chosen not to take advantage of them. The College has historically provided for spousal travel and reported this fringe benefit as taxable compensation. The Presidents have declined a College provided vehicle, and having a primary residence provided for by the College. Part I, Line 7 The College enters into performance based incentive programs with certain officers and key managers whereby incentives are awarded by the president and approved by the trustees after evaluating the level of achievement of predetermined goals. The trustees also enter into a performance based incentive program with the president and incentives are awarded by the trustees after evaluating the level of achievement of predetermined goals for the president. A Idaho Housing and Finance Association 820302333 2016-10-04 33325000 Refund bonds issued in 2001 and 1997, Restructure Debt, and Renovate Dorms 0 0 0 A 24480000 33325000 286000 8688602 16350398 8000000 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. Caxton Printers Owner is a Trustee 130501 General Supplies and Printing 0 X 21039 FMV X 1 12000 FMV X 7 382703 FMV X Construction Materials 1 40756 FMV X Raffle Items 2 4200 FMV 0 0 1 0 Part I, Column (b): Number of Contributions 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 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 170,644. Change in fair market value of interest rate swap 710,318. Close-out of Perkins Loan Program -1,280,067. Transfer from Trust B 1,188,097. 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 Charitable Remainder Trust (2) 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 691916 General ledger College of Idaho 2nd Century Trust Fund B C 770000 General ledger College of Idaho 2nd Century Trust Fund B S 1188097 General ledger