2016-05-10T16:00:22-05:00 2015-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2014-07-01 820200906 THE COLLEGE OF IDAHO INC COLL 2084595222 2112 CLEVELAND BOULEVARD CALDWELL ID 83605 RICHARD W ERNE VP OF FINANCE AND ADMINISTRATION 2084595222 2016-05-10 1 KIM HUNWARDSEN CPA P00484560 2083447150 2016-05-09 2014 2016-08-17 19:52:53Z RICHARD W ERNE 2112 CLEVELAND BOULEVARD CALDWELL ID 83605 50763415 0 X WWW.COLLEGEOFIDAHO.EDU X 1891 ID LIBERAL ARTS COLLEGE COMMITTED TO EXCELLENCE IN ACADEMIC INSTRUCTION AND SCHOLARSHIP. 32 30 787 50 211721 -3010 8910999 3956638 31206047 34197561 19242058 783317 834890 278716 60193994 39216232 13274796 13244872 0 0 14698945 15551373 0 0 855538 12507399 12605584 40481140 41401829 19712854 -2185597 139556886 135809210 27330177 25651608 112226709 110157602 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, INTEGRITY, LEADERSHIP AND SERVICE. 0 0 20649411 13244872 27438156 HIGHER EDUCATION: PROVIDED INSTRUCTION TO UNDERGRADUATE AND GRADUATE STUDENTS (1,144 STUDENTS). 8154533 822122 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 (1,144 STUDENTS) 4664786 6176306 HIGHER EDUCATION: PROVIDED ROOM AND BOARD FOR RESIDENTIAL STUDENTS AND ONLY BOARD FOR NONRESIDENTIAL STUDENTS (1,144 STUDENTS). 33468730 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 1 118 0 1 787 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X THE COLLEGE OF IDAHO BUSINESS OFFICE 2084595222 2112 CLEVELAND BOULEVARD CALDWELL ID 836054432 DOUG BRIGHAM TRUSTEE CHAIR 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 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 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 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 X 0 0 0 FRED OLIVER 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 X 0 0 0 EUGENE SULLIVAN TRUSTEE 1.00 X 0 0 0 SHAWNA SWANSON TRUSTEE 1.00 X 0 0 0 JEFFREY TAYLOR TRUSTEE 1.00 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 0 0 0 JOHN OTTENHOFF VP ACADEMIC AFFAIRS 40.00 X 140670 0 26107 RICHARD ERNE CFO 40.00 X 64201 0 8668 MARVIN HENBERG FORMER PRESIDENT 40.00 X 234063 0 53518 LORNA HUNTER VP ENROLLMENT MANAGEMENT 40.00 X 182488 0 22211 PAUL BENNION VP OF STUDENT AFFAIRS 40.00 X 106457 0 23590 MARTIN HOLLY ATHLETIC DIRECTOR 40.00 X 113121 0 21826 841000 0 155920 6 0 1 0 COMPASS GROUP 91337 COLLECTIONS DR CHICAGO IL 60693 FOOD SERVICE PROVIDER 3399009 ANDERSEN CONSTRUCTION COMPANY INC 6712 N CUTTER CIRCLE PORTLAND OR 97217 CONTRACTOR 3339252 KREIZENBECK LLC 11724 W EXECUTIVE DR BOISE ID 83713 CONTRACTOR 2549750 BLUE CROSS OF IDAHO 3000 E PINE AVE MERIDIAN ID 83642 CONTRACTOR 1382727 BENITON CONSTRUCTION COMPANY 366 SW 5TH AVE MERIDIAN ID 83642 CONTRACTOR 720815 27 115965 1402784 682207 1755682 358588 3956638 TUITION AND FEES 611710 27199133 27199133 ROOM AND BOARD 611710 6176306 6176306 ATHLETICS 611710 747224 715974 31250 ACADEMICS 611710 74898 74898 34197561 356671 356671 11941637 11514991 426646 426646 426646 71885 115965 32192 39693 39693 OTHER 611710 239023 58552 180471 239023 39216232 34224863 211721 823010 13244872 13244872 932616 674975 213261 44380 11089828 8026193 2535904 527731 45164 25466 19698 2625775 1609130 943386 73259 857990 643145 176930 37915 614638 296378 307319 10941 188292 22361 160048 5883 1238480 1000531 185772 52177 218042 10902 207140 1064446 951997 74514 37935 599451 599451 2076193 1557145 519048 346268 86567 259701 FOOD SERVICE 2953991 2953991 MAINTENANCE 866134 553544 303147 9443 UTILITIES 813527 780986 32541 LEASE/RENTAL 244643 213209 24464 6970 1381479 817338 515237 48904 41401829 33468730 7077561 855538 4172199 2489545 1382612 1642863 1138042 163161 999118 1084504 859099 723726 92964246 38978694 51740134 53985552 79091119 75554748 174563 165111 139556886 135809210 3082682 2136596 902491 769037 18735000 17975000 4610004 4770975 27330177 25651608 X 76723323 71130165 19468322 19446009 16035064 19581428 112226709 110157602 139556886 135809210 -2185597 272029 -155537 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111047359 682156 2136779 12900899 230497 100734898 100843248 1087724 17282171 7941784 224000 111047359 91696604 1477021 13270221 5425084 175514 100843248 96762858 2235832 -1125470 6006812 169804 91696604 83198688 1040552 16682710 3980329 178763 196762858 0.48000 0.49000 0.03000 0 1 1 2309676 2309676 208497 76851407 29090856 47969048 691514 322797 368717 8161431 4853309 3308122 4741721 4711732 29989 53985552 INTEREST RATE SWAP 2415260 POST RETIREMENT INSURANCE OBLIGATION 748213 PV OF ANNUITIES PAYABLE 1360985 CAPITAL LEASES 246517 4770975 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), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE COLLEGE IS ANNUALLY REQUIRED 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. THE COLLEGE'S FORM 990-T AND OTHER INCOME TAX FILINGS REQUIRED BY STATE, LOCAL, OR OTHER NON-U.S. TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR THE YEARS BEFORE 2011. 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 IT'S 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 AUCTION 187850 115965 71885 6560 19414 3850 2368 187850 115965 71885 6560 19414 3850 2368 32192 39693 0 FUNDED SCHOLARSHIPS 311 1132288 FMV UNFUNDED SCHOLARSHIPS 1010 12080184 FMV FEDERAL SEOG 156 32400 FMV PART I LINE II: 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 STUDENT'S 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 X 0 1 X X X 0 0 0 0 0 0 0 1 0 JOHN OTTENHOFF VP ACADEMIC AFFAIRS 135070 0 5600 0 0 0 10058 0 16321 0 167049 0 0 0 MARVIN HENBERG FORMER PRESIDENT 180971 0 52500 0 592 0 13341 0 43112 0 290516 0 0 0 LORNA HUNTER VP ENROLLMENT MANAGEMENT 155109 0 0 0 27379 0 7132 0 15351 0 204971 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE COLLEGE AND THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT ARE THE ONLY PEOPLE WHO RECEIVED BENEFITS LISTED IN THIS SECTION. PART I, LINE 1B THERE IS NOT A WRITTEN POLICY BECAUSE ONLY THE COLLEGE PRESIDENT AND VICE PRESIDENT OF ENROLLMENT MANAGEMENT RECEIVE BENEFITS. THE GOVERNANCE COMMITTEE REVIEWS THE COMPENSATION AND BENEFIT PACKAGE FOR THE COLLEGE PRESIDENT AND THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT BASED ON INPUT FROM MARKET SURVEY'S AND PERFORMANCE. THE GOVERNANCE COMMITTEE MAKES THE FINAL DECISION. SCHEDULE J, PART II: 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 45129GBG9 2008-06-19 21455000 RESTRUCTURE DEBT - DORM RENOVATION 8/29/97, 11/15/01 & 03/02/02 0 0 0 A 2720000 21597787 279825 9913307 11404655 2009 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 US BANK 3.650000000000 0 0 0 0 0 A 0 PART II, LINE 4A: THE DIFFERENCE BETWEEN PART I E ISSUE PRICE AND PART III LINE 3 IS INTEREST EARNED ON MONIES TO BE USED ON CAPITAL EXPENDITURES. THE INTEREST EARNED WAS USED FOR ADDITIONAL CAPITAL IMPROVEMENTS APPROVED BY THE TRUSTEES. PART IV, LINE 2C: THE ARBITRAGE CALCULATION WAS DONE ON JULY 18, 2012. CAXTON PRINTERS OWNER IS A TRUSTEE 155197 PRINTING AND OFFICE SUPPLIES 0 X 12 286028 FMV X EQUIPMENT - SCOREBOARD 1 72560 FMV X SIGNS 1 28500 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. FORM 990, PART VI, SECTION B, LINE 11 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. 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 ARE DETERMINED BY THE USE OF MARKET SURVEYS AND COLLEGE AND UNIVERSITY COMPARABLE SURVEYS. 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 XII, LINE 2C: NO CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE CURRENT YEAR. COLLEGE OF IDAHO 2ND CENTURY TRUST FUND B 2112 CLEVELAND BLVD CALDWELL ID 83605 826069279 TRUST ID 501(C)(3) 11B THE COLLEGE OF IDAHO 1 COLLEGE OF IDAHO 2ND CENTURY TRUST FUND A 2112 CLEVELAND BLVD CALDWELL ID 83605 943115589 TRUST ID 501(C)(3) 11B THE COLLEGE OF IDAHO 1 EVELYN MUIR ANNUITY TRUST 7728 W PALOMA ST BOISE ID 83704 820550395 TRUST ID T 1 2824 1.00000 0 NISHITANI CHARITABLE REMAINDER TRUST 2112 CLEVELAND BLVD CALDWELL ID 83605 820523924 TRUST ID T 4011 474496 1.00000 0 JOHNSON FAMILY CHARITABLE REMAINDER TRUST 2112 CLEVELAND BLVD CALDWELL ID 83605 306192132 TRUST ID T 292 1.00000 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 422784 FMV COLLEGE OF IDAHO 2ND CENTURY TRUST FUND B C 980000 FMV