2019-05-13T15:59:32-05:00 2018-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2017-07-01 271159705 The College of Western Idaho Foundation Inc COLL 2085623274 MS 1000 PO Box 3010 Nampa ID 83653 Laura Mulkey Executive Director 2085623274 2019-05-10 1 Kim Hunwardsen CPA P00484560 2083447150 2019-05-10 199.116.168.11 2019-05-10 11:26:23 MD P 2B782B8CDA302D837378D983895D3BFD08CC33BD FD9E09AB6D04BF0EA30965D6FC053303E4AADC4E 2017 2019-02-21 02:37:17Z X Laura Mulkey MS 1000 PO Box 3010 Nampa ID 83653 1510889 0 X www.cwidaho.cc/giving/foundation X 2009 ID To provide support for the fundraising efforts of CWI and to manage privately donated funds. 18 18 0 23 0 0 491121 387402 0 0 107031 174631 1716 -427 599868 561606 452965 433038 0 0 0 0 0 0 0 61401 65720 514366 498758 85502 62848 4649479 4664636 112765 33191 4536714 4631445 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 433038 433038 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, 2018, the Foundation provided scholarship funds to the College of Western Idaho, who in turn provided scholarships to 390 students totaling $314,459. The Foundation also provided program support totaling $118,579 to the College of Western Idaho. 433038 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Steve Tracht 2085623274 MS 1000 PO Box 3010 Nampa ID 83653 Edward Barrett President 1.00 X X 0 0 0 Ivan Castillo Vice President 1.00 X X 0 0 0 Kevin Rigenhagen Treasurer 1.00 X X 0 0 0 Cynthia Melillo Director (Left Mid-Year) 1.00 X 0 0 0 Dr Richard Radnovich Director 1.00 X 0 0 0 Earl Sullivan Director 1.00 X 0 0 0 Hart Gilchrist Director (Left Mid-Year) 1.00 X 0 0 0 Mary May Director 1.00 X 0 0 0 Joan Deal Director 1.00 X 0 0 0 Joel Hickman Director (Left Mid-Year) 1.00 X 0 0 0 Karl Keeler Director (Left Mid-Year) 1.00 X 0 0 0 Emily Walton Ex Officio, CWI Trustee 1.00 X 0 0 0 Greg Braun Director 1.00 X 0 0 0 Mike Ballenger Director 1.00 X 0 0 0 Mike Reynoldson Director 1.00 X 0 0 0 Ramona Ridley Director (Left Mid-Year) 1.00 X 0 0 0 Ed Castledine Director (From Mid-Year) 1.00 X 0 0 0 Jayson Ronk Director 1.00 X 0 0 0 Mike Pena Director (From Mid-Year) 1.00 X 0 0 0 Michael Ybarguen Director 1.00 X 0 0 0 Bill Ilett Director (From Mid-Year) 1.00 X 0 0 0 Molly Lenty Director 1.00 X 0 0 0 Bert Glandon Ex Officio, CWI President 1.00 X 0 0 0 Mitch Minnette Executive Director (Until 01/5/2018) 40.00 X 76712 0 24635 Laura Mulkey Executive Director (From 02/20/2018) 40.00 X 0 0 0 76712 0 24635 0 0 0 1 0 8396 52038 326968 89822 387402 82599 82599 1031112 939080 92032 92032 92032 9776 52038 10203 -427 -427 561606 0 0 174204 433038 433038 2000 2000 15770 15770 25383 25383 1658 1658 879 879 7752 7752 3437 3437 7671 7671 Memberships & Subscript 355 355 815 815 498758 433038 65720 0 1547492 1465299 8930 1500 12494 558 2945381 3045188 128688 146171 6494 5920 4649479 4664636 112765 33191 112765 33191 X 612146 709033 2754862 2688582 1169706 1233830 4536714 4631445 4649479 4664636 62848 31883 0 X 0 1 X 1 0 X 759642 382920 323716 491121 387402 2344801 759642 382920 323716 491121 387402 2344801 729095 1615706 52732 49534 70844 70107 82599 325816 2670617 134145 0.60500 0.60320 X 1349458 64124 95270 47454 2631 1458767 1202279 38418 149712 40951 1349458 1237589 20624 -49729 6205 1202279 1238442 30919 15375 47147 1237589 1071563 53336 164831 51288 1238442 0.00000 0.84580 0.15420 0 0 0 X 857693 31883 289587 321470 536223 25383 25383 561606 762962 289587 289587 473375 25383 25383 498758 Part V, Line 4: The Foundation's endowment funds are intended to be used for scholarships and college program support. The endowment consists of 35 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 is organized as an Idaho 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 (IRC) as an organization described in Section 501(c)(3), and qualifies for the charitable contribution deduction under Sections 170(b)(1)(A)(vi), and has been determined not to be a private foundation under Section 509(a)(1). The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The Foundation has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. 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. Opening Doors 61814 52038 9776 2616 5903 1684 61814 52038 9776 2616 5903 1684 10203 -427 1 The College of Western Idaho 6056 Birch Lane Suite 200 Nampa ID 83687 260684268 State of Idaho 433038 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 Executive Director 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 Foundation Executive Directors, Mitch Minnette (7/1/2017 to 1/5/2018) and Laura Mulkey (2/20/2018 and forward) were compensated by the College of Western Idaho, an unrelated organization. The College provided $79,752 in compensation and $20,863 in employee benefits paid to the Executive Director position on the Foundation's behalf for Fiscal Year 2018. 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. 2017 calendar year compensation and employer provided benefits for Mitch Minnette, Executive Director, is a follows: Compensation: $76,712 Pension: 8,949 Nontaxable Benefits: 15,686 Nontaxable Life: 601 X 1 74976 Fair Market Value X Materials & Supplies 1 14846 Cost 0 0 1 0 Part I, Column (b): Number of contributions 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 Operations. The Executive Director 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 Executive Director, then provided to the finance and executive committee by email for review before the May 2019 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 Foundation Executive Director 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 The Organization's Executive Director is compensated by the College of Western Idaho, an unrelated organization. The organization has not reported on part VII compensation paid to the executive director position on the organization'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.