2018-05-14T12:51:32-05:00 2017-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2016-07-01 820200906 The College of Idaho COLL 2084595222 2112 Cleveland Boulevard Caldwell ID 83605 Richard W Erne Chief Financial Officer 2084595222 2018-05-08 1 Kim Hunwardsen CPA P00484560 2083447150 2018-05-02 2016 2022-09-23 18:48:47Z Richard W Erne 2112 Cleveland Boulevard Caldwell ID 83605 63442270 0 X www.collegeofidaho.edu X 1891 ID Liberal arts college committed to excellence in academic instruction and scholarship. 31 30 773 82 289309 -2862 40686678 6787990 34182124 32368914 728536 7683843 74795 91750 75672133 46932497 13528171 14169692 0 0 17272338 18224496 0 0 959109 14165696 15069952 44966205 47464140 30705928 -531643 166472008 173720975 26511994 30165211 139960014 143555764 X The College of Idaho (C of I) is a small, private, residential liberal arts college that prepares students to lead productive and fulfilling lives. C of I is committed to excellence in academic instruction and scholarship and to the values of community, intergrity, leadership and service. 0 0 23372066 14169692 25975670 Higher Education: Provided instruction to undergraduate and graduate students (952 Students). 11206688 814439 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 (952 Students). 4120544 5578805 Higher Education: Provided room and board for residential students and only board for nonresidential students (952 Students). 38699298 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 1 124 0 1 773 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 30 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 Doug Brigham Trustee Chair 2.00 2.00 X X 0 0 0 Laura Turner Trustee Vice Chair 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 X 0 0 0 Louie Attebery Trustee 1.00 X 0 0 0 Tricia Baur Trustee 1.00 X 0 0 0 Darrell Carney Trustee 1.00 X 0 0 0 Michael Caughlin Trustee 1.00 2.00 X 0 0 0 Don Coberly Trustee 1.00 X 0 0 0 Mary Crookham Trustee 1.00 X 0 0 0 Michael Elliott Trustee 1.00 X 0 0 0 Michael Garcia Trustee 1.00 X 0 0 0 Scott Gipson Trustee 1.00 X 0 0 0 Michael Graves Trustee 1.00 X 0 0 0 Richard Hazen Trustee 1.00 X 0 0 0 Kevin Hulsey Trustee 1.00 X 0 0 0 Akshay Kulkarni Left Mid-Year Trustee 1.00 X 0 0 0 Alan Moore From Mid-Year Trustee 1.00 X 0 0 0 Mas Kuwana Trustee 1.00 X 0 0 0 Jack K Lemley Trustee 1.00 X 0 0 0 Bill Mason Trustee 1.00 X 0 0 0 Richard Ogle Trustee 1.00 2.00 X 0 0 0 Fred Oliver Left Mid-Year Trustee 1.00 2.00 X 0 0 0 Brandon Fitzpatrick From Mid-Year Trustee 1.00 X 0 0 0 Peter S O'Neill Trustee 1.00 X 0 0 0 Richard Roberge Trustee 1.00 X 0 0 0 Paul Street Trustee 1.00 2.00 X 0 0 0 Eugene SullivanLeft Mid-Year Trustee 1.00 X 0 0 0 Shawna Swanson Trustee 1.00 X 0 0 0 Jeffrey Taylor Trustee 1.00 2.00 X 0 0 0 Alexander Toeldte Trustee 1.00 X 0 0 0 Shauna Williams Trustee 1.00 X 0 0 0 Marcia Wing Trustee 1.00 X 0 0 0 Graye Wolfe Sr Trustee 1.00 X 0 0 0 Charlotte G Borst President 40.00 X 259991 0 17611 Richard Erne CFO 38.00 2.00 X 171125 0 32092 John Ottenhoff VP Academic Affairs 40.00 X 148646 0 21633 Paul Bennion VP for Student Affairs 40.00 X 117710 0 24968 Lorna Hunter VP for Enrollment Mgmt 40.00 X 168972 0 28575 Michael Vandervelden VP for College Relations 40.00 X 161563 0 14781 Scott Johnson Director of Business and A 40.00 X 102344 0 16158 Martin Holly Director of Athletics 40.00 X 107086 0 23640 1237437 0 179458 8 0 1 0 Kreizenbeck LLC 11724 W Executive Dr Boise ID 83713 Contractor 9751688 Andersen Construction 6712 N Cutter Circle Portland OR 97217 Contractor 4168552 Compas Group 2400 Yorkmont Rd Charlotte NC 28217 Food Service Provider 3183063 RichardBauer 1545 West Thomas Road Phoenix AZ 85015 Contractor 641708 Ellucian 4375 Fair Lakes Court Fairfax VA 22033 EMS Provider 544925 22 186733 1242780 490934 4867543 1581990 6787990 Tuition and Fees 611710 25788960 25788960 Room and Board 611710 5578805 5338630 240175 Athletics 611710 779755 748755 31000 Academics 611710 34684 34684 186710 168576 18134 32368914 599462 599462 23509144 16299463 125300 7209681 -125300 7084381 7084381 157224 186733 68640 88584 88584 19536 16370 3166 3166 46932497 32079605 289309 7775593 14169692 14169692 1193925 240905 694789 258231 12994143 10749253 1906951 337939 542217 461394 69615 11208 2537233 2010757 428672 97804 956978 746090 171806 39082 3800940 3413846 342225 44869 313914 160342 150063 3509 1188277 753590 389311 45376 1004097 933461 67019 3617 1667741 1351261 227588 88892 1389603 1389603 2860708 2080496 780212 457937 153002 304935 Repairs and Maintenance 1136897 320347 806740 9810 Subscription and Librar 369872 291345 62855 15672 Student Fees 357473 357473 Leases 92037 75588 13349 3100 430456 430456 47464140 38699298 7805733 959109 2132528 3630446 34512182 24462376 262244 290545 132929 143383 312153 454241 107456174 37522748 55841165 69933426 71771282 73818131 1024088 912866 483437 75561 166472008 173720975 2696607 3868544 993361 927749 17180000 21050803 5642026 4318115 26511994 30165211 X 68306843 72630859 48985512 48044817 22667659 22880088 139960014 143555764 166472008 173720975 X -531643 3101496 3000 1022897 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96064891 3545824 12126573 11192768 233010 100311510 100734898 4421521 -125056 8716657 249815 96064891 111047359 682156 2136779 12900899 230497 100734898 100843248 1087724 17282171 7941784 224000 111047359 91696604 1477021 13270221 5425084 175514 100843248 0.42500 0.47570 0.09930 0 1 1 297568 4448030 4745598 75887396 27914446 47972950 8248205 5604256 2643949 18574975 4004046 14570929 69933426 Interest Rate Swap 2114153 Post Retirement Insurance Obligation 851600 PV of Annuities Payable 1235705 Capital Leases 116657 4318115 X 38797194 3101496 3000 -11239799 -8135303 46932497 0 46932497 33294448 0 33294448 14169692 14169692 47464140 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. Part XI, Line 2d - Other Adjustments: Scholarships Reported in Expenses for Tax Purposes -14,169,692. Change in Present Value of Annuities Reported in Fund Balance -45,267. Change in Fair Market Value of Interest Rate Swap Reported in Fund Balance 1,068,164. Related Organizations' Net Income Included in Consolidated Financial Stmts 152,056. Related Organizations' Unrealized Loss Included in Financial Statements 1,754,940. Part XII, Line 4b - Other Adjustments: Scholarships Reported in Expenses for Tax Purposes 14,169,692. 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 257659 161081 96578 3000 27629 10675 Steak Feed 86298 25652 60646 3470 12690 11176 343957 186733 157224 6470 40319 21851 68640 88584 19536 16370 1 0.92860 19536 16370 16370 3166 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 290 2195037 Unfunded Scholarships 864 11800552 Federal SEOG 173 174103 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 0 1 X X X 0 0 0 0 0 0 0 1 0 Charlotte G Borst President 201299 0 55000 0 3692 0 8371 0 17748 0 286110 0 0 0 Richard Erne CFO 148625 0 22500 0 0 0 11104 0 21260 0 203489 0 0 0 John Ottenhoff VP Academic Affairs 146146 0 2500 0 0 0 10468 0 11437 0 170551 0 0 0 Lorna Hunter VP for Enrollment Mgmt 168972 0 0 0 0 0 12291 0 16557 0 197820 0 0 0 Michael Vandervelden VP for College Relations 136563 0 25000 0 0 0 9665 0 5388 0 176616 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 provides 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. Part I, Line 1b The President's employment contract represents the written policy followed in providing and reimbursing cost associated with these items. The Governance Committee reviews the compensation and benefit package for the College President based on input from market survey's and performance. The Governance Committee presents the benefit package to the Board of Trustees for final approval. 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 programs 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 000000000 2016-10-04 33325000 Restructure Debt - Dorm Renovation 06/19/2008 0 0 0 A 12521715 33325000 264906 9000000 16350398 8000000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 1 US Bank National Association 13.750000000000 0 0 0 0 1 A 0 Part I (e) and Part II Line 1: The difference of $142,787 between Part I (e) and Part II Line 1 is interest earned on the proceeds of issue. The interest earned was used for capital expenditures. Caxton Printers Owner is a Trustee 174468 General Supplies and Printing 0 X 2000 FMV X 1 10000 FMV X 14 1138826 FMV X 1 426794 FMV X Raffle Items 2 4370 FMV 0 0 1 0 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 -45,267. Change in fair market value of interest rate swap 1,068,164. 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 0 0 0 0 0 College of Idaho 2nd Century Trust Fund A C 606862 FMV College of Idaho 2nd Century Trust Fund B C 635918 FMV