2018-02-01T12:50:40-06:00 2017-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2016-07-01 826010706 Boise State University Foundation Inc BOIS 2084263276 1173 University Drive Boise ID 83706 Kathy Van Vactor Interim Chief Operating Officer 2084263276 2018-01-23 1 Kim Hunwardsen CPA P00484560 2083447150 2018-01-23 199.116.169.107 2018-01-23 10:03:16 MS P 51153E6FE133A46BE9F60C7A8748BC609ADBB28A A51064DAB4014962BF1222C01DA9D25F79EA77EA 2016 2021-01-29 14:40:06Z Kathy Van Vactor 1173 University Drive Boise ID 83706 208995509 0 X https://giving.boisestate.edu/about/foundation/ X 1964 ID To inspire, generate, and prudently manage private support for Boise State University. 38 38 0 38 -15437 -15437 41071044 20389109 2977371 2851940 3016393 5225158 110298 540338 47175106 29006545 19336852 20503188 0 0 2182741 2405696 0 0 1677076 1974540 2408936 23494133 25317820 23680973 3688725 194545462 206383805 26490365 24999810 168055097 181383995 To raise funds and support for Boise State University's programs, prudently manage all private funds donated to the University, and act as an envoy and link between the University and its constituencies. 0 0 6011812 6011812 0 The Foundation administers 1,222 different scholarships for Boise State University. Applicants are required to write an essay, provide transcripts, and if applying for scholarships requiring financial need applicants must include the Free Application for Federal Student Aid report (FAFSA). Other requirements may be included, depending on the scholarship. During fiscal year end June 30, 2017, the Foundation distributed 1,745 scholarship awards to 1,288 recipients. 4383235 4383235 0 The Foundation provides support services for both the Bronco Athletic Association and the BSU Alumni Association. This includes, but is not limited to, member lists, data entry and updates, financial support through donation receipts, reporting, and other ad hoc services as they are needed such as managing registration for events. 11519829 10108141 2892455 The Foundation provides for general support for Boise State University. Some highlights for the fiscal year end June 30, 2017 include the continued support of the PhD Program for Materials Science and Engineering, Computer Science, STEM, College of Health Sciences, research in public policy, education, arts and sciences and other various support programs at Boise State University. 21914876 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 33 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 38 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Kathy Van Vactor 2084262372 2225 University Drive Boise ID 83706 Royanne F Minskoff Chair 1.00 X X 0 0 0 John R Gale Vice Chair 1.00 X X 0 0 0 Patricia Olsson Secretary 1.00 X X 0 0 0 Jason M Coronado Treasurer 1.00 X X 0 0 0 Mary C Adcox Director 1.00 X 0 0 0 Candice D Allphin Director 1.00 X 0 0 0 Emily R Baker Director 1.00 X 0 0 0 Eileen L Barber Director 1.00 X 0 0 0 Mark E Bates Director 1.00 X 0 0 0 Tom M Beitia Director 1.00 X 0 0 0 Eric L Bouchard Director 1.00 X 0 0 0 Suzanne R Boyle-Hummel Director 1.00 X 0 0 0 Cherie Buckner-Webb Director 1.00 X 0 0 0 Jeffrey W Casey Director 1.00 X 0 0 0 Michael D Caven Director 1.00 X 0 0 0 Kevin M Chen Director 1.00 X 0 0 0 James D Crawford Director 1.00 X 0 0 0 Gary L Fletcher Director 1.00 X 0 0 0 James T Girvan Director 1.00 X 0 0 0 John A Grizzaffi Director 1.00 X 0 0 0 Randall L Hales Director 1.00 X 0 0 0 Jay L Hawkins Director 1.00 X 0 0 0 Robert F Heffner Director 1.00 X 0 0 0 George H Juetten Director 1.00 X 0 0 0 Rod P MacKinnon Director 1.00 X 0 0 0 Robert Maynard Director 1.00 X 0 0 0 Ronald S Meyers Director 1.00 X 0 0 0 Neil W Nelson Director 1.00 X 0 0 0 Rob R Perez Director 1.00 X 0 0 0 Rodney Reider Director 1.00 X 0 0 0 Debra K Riedel Director 1.00 X 0 0 0 Christopher W Roth Director 1.00 X 0 0 0 Bonnie P Schwenkfelder Director 1.00 X 0 0 0 Brandy N Stemmler Director 1.00 X 0 0 0 David J Terrell Director 1.00 X 0 0 0 Louis D Voulelis Director 1.00 X 0 0 0 David S Wali Director 1.00 X 0 0 0 John P Williamson Director 1.00 X 0 0 0 Chris Anton Chief Operating & Investment Officer 40.00 X 150288 0 39934 150288 0 39934 1 0 0 1 Jordan-Wilcomb Construction Inc 406 S 6th Street Boise ID 83702 Construction Services 7381541 LCA Architects PA 1221 Shoreline Lane Boise ID 83702 Architectural Services 130929 2 535280 19853829 2455845 20389109 Program Income 611710 2851940 2851940 2851940 3261791 -15437 3277228 180289281 1484073 179768019 41968 521262 1442105 1963367 1963367 657499 133977 523522 523522 21301 45000 -23699 -23699 Amortization of deferred revenue 900099 40515 40515 40515 29006545 2892455 -15437 5740418 14491376 14491376 6011812 6011812 202883 182595 20288 1596959 513501 1083458 176598 80062 96536 310254 130603 179651 119002 49444 69558 17327 3354 13973 35250 2400 32850 474921 297961 176960 107172 93948 13224 173852 173852 412757 399882 12875 130479 81904 48575 5165 88 5077 77832 13131 64701 147284 30000 117284 268895 268895 47909 38254 9655 Uncollectable Pledges 215568 215568 Dues & Subscriptions 18721 18721 Printing & Publications 4365 4365 271439 143250 13880 114309 25317820 21914876 1725868 1677076 11283969 6668752 33382251 23545625 81593 2508000 207312 3245 16325232 268895 13399739 16056337 88550155 107368024 38835414 45797674 8805029 4436148 194545462 206383805 1702881 990827 13494550 13802901 976422 601273 5329541 4325345 2967217 3255872 2000000 2000000 19754 23592 26490365 24999810 X 12876966 14335688 72576131 80200504 82602000 86847803 168055097 181383995 194545462 206383805 3688725 9640173 0 X 0 1 X 1 0 X 20276489 16872128 20887346 41071044 20389109 119496116 20276489 16872128 20887346 41071044 20389109 119496116 18403560 101092556 3368886 3174965 3106581 3055968 3261791 15968191 40415 40415 80830 135545137 18676720 0.74580 0.78430 X Schedule A, Part II, Line 10, Explanation of Other Income: Amortization of deferred revenue - 2015 Amount: $ 40,415. 2016 Amount: $ 40,415. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 96708402 1329531 12578341 3823836 1348821 105443617 98020722 4131556 -958716 3344435 1140725 96708402 95665945 5967765 1408562 3223133 267381 1531036 98020722 83399459 3807491 13191625 2568064 739633 1424933 95665945 75966014 3633148 8310350 2400910 849999 1259144 83399459 0.03000 0.82400 0.14600 0 0 870000 1542005 2412005 13822477 259171 13563306 90750 9724 81026 16056337 International Equity Funds 37372870 F Private Equity Investments 2600955 F Real and Specialty Assets 4838527 F Hedge Funds 594003 F Insurance Annuities 391319 F 45797674 Interest Payable 23592 23592 X 38398798 9640173 4282 133977 9778432 28620366 386179 386179 29006545 25069900 4282 133977 138259 24931641 386179 386179 25317820 Part IV, Line 2b: The Foundation acts as trustee for various revocable and irrevocable trusts. These trusts are governed by the respective trust agreements, which generally provide for either an income stream or a future distribution of cash or other assets to the Foundation, in whole or in part, for a specified period or upon the occurrence of a specific event, respectively. If a trust is revocable, or if the maker of the trust reserves the right to replace the Foundation as the beneficiary of the trust, the Foundation records the assets placed in trust at fair value, with an equal and offsetting liability until such time the Foundation receives distributions from the trust in accordance with its terms. If the trust is irrevocable, the trust assets are recorded at fair value, and a related liability for future payments to be made to the specified beneficiaries is recorded at fair value using present value techniques and risk-adjusted discount rates. The excess of contributed assets over the trust liability is recorded as a temporarily or permanently restricted contribution until such amount is received via trust distribution and/or is expended in satisfaction of the restricted purpose stipulated by the trust agreement, if any, at which time temporarily restricted net assets are released to unrestricted net assets and permanently restricted net assets are transferred to the endowment. In subsequent years, the liability for future trust payments to the donor is reduced by payments made to the donor and is adjusted to reflect changes in the fair value of the liability at the end of the year. Upon termination of the trust, the remaining liability is removed and recognized as income. In addition, the Boise State Public Radio (BSPR), an operating division of the University, transferred assets to the Foundation for investment and management, which are included in amounts held in custody for others. Part V, Line 4: The intent of the endowment fund is to permanently maintain funds that are limited by donor-imposed restrictions that neither expire by the passage of time nor can be fulfilled or otherwise removed by action of the Foundation. The restrictions stipulate that resources be maintained permanently, but permit the Foundation to expend the investment revenues and gains generated through the invested funds with the purpose of providing distributions that will be used to provide scholarship and operating funds for the University and 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 as an organization described in Section 501(c)(3), qualifies for the charitable contribution deduction under Section 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 its exempt purposes. The Foundation files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. 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 2d - Other Adjustments: Special event and gaming expense reported with revenue for tax purposes. 133,977. Part XI, Line 4b - Other Adjustments: Expenses recorded in revenue on financial statements. 386,179. Part XII, Line 2d - Other Adjustments: Special event and gaming expense reported with revenue for tax purposes. 133,977. Part XII, Line 4b - Other Adjustments: Expenses recorded with revenue on financial statements. 386,179. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment 10072000 0 0 0 0 0 0 10072000 0 10072000 1 0 1 1 0 0 Form 990, Schedule F Information provided on Schedule F relates to the Foundation's direct and indirect investments during the tax period. The Foundation has evaluated potential foreign filing requirements, and has filed respective forms. None of the Foundation's ownership interests in foreign corporations requires a Form 5471 to be filed for the tax period. In addition, the investment partnerships have properly filed Form 8621, or the underlying investments did not generate any unrelated business income triggering the filing of the form. Bronco Dairy Boosters 92770 92770 9940 870 BAA Auction 564729 564729 2500 47443 73224 657499 657499 2500 57383 74094 133977 523522 21301 45000 1 1.00000 21301 45000 45000 -23699 ID 0 A license was held by an affiliated entity who conducted the gaming in conjunction with the Foundation. 0 1 0 1.00000 Kathy Van Vactor 1173 University Drive Boise ID 83706 0 Lisa Gardner 0 Lisa facilitated the RV donation. X 0 1 Bronco Athletic Association Inc 1910 University Drive Boise ID 83725 826026578 501(c)(3) 4079128 Support of athletic programs and student athletes Boise State University Alumni Association Inc 1910 University Drive Boise ID 83725 820289531 501(c)(3) 304107 Support of development and advancement of Boise State University Boise State University 1910 University Drive Boise ID 83725 820290701 State of Idaho 10108141 Support of academic, athletic and administrative departments. 3 0 Scholarships 1745 6011812 Part I, Line 2: The vast majority of our scholarships and payments go to Boise State University. These distributions are made from the Foundation or through distributions from Bronco Athletic Association and Boise State University Alumni Association. We rely on the University's record keeping to make sure the scholarships and payments conform to their requirements. The Foundation awards certain scholarships directly, but remits the payment to BSU for those scholarships. The students self report and submit a FASFA to show that they qualify for the scholarships. X X X 0 0 0 0 0 0 0 0 0 Chris Anton Chief Operating & Investment Officer 150288 0 0 0 0 0 14139 0 25796 0 190223 0 0 0 Part I, Line 3 The Chief Operating and Investment Officer is an employee of Boise State University who is loaned to the Foundation and is responsible for Foundation operations. The University performs compensation studies and coordinates compensation in conjunction with state legislature appropriations. A Idaho Housing and Finance Association 820302333 2015-04-29 5000000 CONSTRUCTION OF THE ALUMNI & FRIENDS CENTER 0 0 0 A 945434 5000000 5000000 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 1 45000 FMV X 25 1540845 Avg High/Low X 1 870000 FMV 0 0 1 0 Form 990, Part V, Lines 2a/2b & Part IX, Lines 5-10: All Foundation employees are employed by Boise State University. The Foundation reports zero Form W-2s filed because the University handles all related payroll filings. The Foundation reports salary, benefits and payroll tax expense in functional expenses because the Foundation reimburses the University for these expenses. Form 990, Part VI, Section A, line 1 The governing body of the organization delegates authority to act on its behalf to the Executive Committee. The Executive Committee consists of the Chair, Vice Chair, Secretary, Treasurer, immediate Past Chair, and the Chairs of the following Board committees: Audit; Governance; Real Estate; Investment; Scholarship. All members of the Executive Committee are voting Directors. The Executive Committee shall exercise all powers of the Board between the meetings of said Board, except the Executive Committee may not take any of the following actions: (i) authorize distributions, (ii) approve dissolution, merger or the sale, pledge or transfer of all or substantially all of the Foundation's assets, (iii) elect, appoint, or remove Directors or fill vacancies on the Board of Directors on any of its committees, or (iv) adopt, amend, or repeal the Articles of the Bylaws. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Foundation staff prior to being provided to the Audit Committee. The Audit Committee reviews and recommends approval to the Executive Committee who gives final approval. The Board is informed of the Executive Committee's approval and a copy of the Form 990 is made available to the Board. Form 990, Part VI, Section B, line 12c The Conflict of Interest policy covers Directors, Officers, all employees, and others who can influence the actions of the Foundation. Determinations are made by the Board or a committee of the Board, if appropriate. The Board or Executive Committee will determine whether a conflict exists, and, in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to the Foundation. The decision of the Board or Executive Committee on these matters will rest in their sole discretion, and their concern must be the welfare of the Foundation and advancement of its purpose. If a conflict of interest were to arise involving a member of the Board or Executive Committee, the individual is required to recuse themselves from voting on the issue. Form 990, Part VI, Section B, line 15a The Chief Operating and Investment Officer is an employee of Boise State University who is loaned to the Foundation and is responsible for Foundation operations. The University performs compensation studies and coordinates compensation in conjunction with state legislature appropriations. Form 990, Part VI, Section C, line 19 The Foundation's governing documents are not available for public review. The Form 990 is available upon request. The Edmund E & Alice R Palmatier Charitable Trust c/o Wells Fargo Bank One West Fourt WinstonSalem NC 27101 943233102 Distribution of scholarship awards ID 501(c)(3) PF Boise State University Foundation 1 The Frances J Woods Charitable Trust c/o Wells Fargo Bank One West Fourt WinstonSalem NC 27101 311564469 Distribution of scholarship awards ID 501(c)(3) PF Boise State University Foundation 1 Charitable Remainder Trusts (8) Distributions for Scholarship Awards ID N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1