2015-02-15T12:42:35-06:00 2014-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2013-07-01 271159705 THE COLLEGE OF WESTERN IDAHO FOUNDATION INC COLL 2085623100 6056 BIRCH LANE SUITE 200 NAMPA ID 83687 MITCH MINNETTE EXECUTIVE DIRECTOR 2085623242 2015-02-12 1 KIM HUNWARDSEN CPA P00484560 2083447150 2015-02-12 2013 2016-02-25 16:41:14Z MITCH MINNETTE 6056 BIRCH LANE SUITE 200 NAMPA ID 83687 19081355 0 X HTTP://CWIDAHO.CC/ X 2009 ID TO PROVIDE SUPPORT FOR THE FUNDRAISING EFFORTS OF CWI AND TO MANAGE PRIVATELY DONATED FUNDS. 21 20 0 20 0 0 482653 759642 0 0 112738 2167367 223798 1600 819189 2928609 791740 18581880 0 0 0 0 0 0 0 557803 157331 1349543 18739211 -530354 -15810602 20621260 5060037 48511 106421 20572749 4953616 X THE COLLEGE OF WESTERN IDAHO FOUNDATION IS A NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO SERVE AS AN AMBASSADOR FOR THE COLLEGE OF WESTERN IDAHO AND ITS MISSION BY THE WAY OF PHILANTHROPIC SUPPORT THROUGH EVENTS, ANNUAL CAPITAL GRANTS AND PLANNED GIVING FOR THE BENEFIT OF THE COLLEGE OF WESTERN IDAHO. THE FOUNDATION INVESTS AND MANAGES GIFTS RESPONSIBLY IN ACCORDANCE WITH THE DONOR'S WISHES. 0 0 17632063 17500000 132186 THE COLLEGE OF WESTERN IDAHO FOUNDATION RAISED AND MANAGED PRIVATE RESOURCES THAT SUPPORT THE MISSION AND PRIORITIES OF THE COLLEGE OF WESTERN IDAHO. 1081880 1081880 THE COLLEGE OF WESTERN IDAHO FOUNDATION RAISED AND MANAGED SCHOLARSHIPS AND PROGRAM SUPPORT FOR THE COLLEGE OF WESTERN IDAHO STUDENTS AND PROGRAMS. DURING THE FISCAL YEAR ENDING JUNE 30, 2014, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 595 STUDENTS TOTALING $332,659 AND PROGRAM SUPPORT TOTALING $749,221 TO THE COLLEGE OF WESTERN IDAHO. 18713943 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MARISSA TAYLOR 2085623274 6056 BIRCH LANE SUITE 200 NAMPA ID 83687 GREG BRAUN PRESIDENT 2.00 X X 0 0 0 KEVIN RIGENHAGEN TREASURER 2.00 X X 0 0 0 BOB MAYNARD DIRECTOR 1.00 X 0 0 0 BRENT OLMSTEAD DIRECTOR 1.00 X 0 0 0 CINDY MELILLO DIRECTOR 1.00 X 0 0 0 DEBBIE HENRY DIRECTOR 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 GARY DYER DIRECTOR 1.00 X 0 0 0 GREG BYRON DIRECTOR 1.00 X 0 0 0 GUY HURLBUTT DIRECTOR 1.00 X 0 0 0 HOLLY CARLSON DIRECTOR 1.00 X 0 0 0 JOAN DEAL DIRECTOR 1.00 X 0 0 0 JOEL HICKMAN DIRECTOR 1.00 X 0 0 0 KARL KEELER DIRECTOR 1.00 X 0 0 0 LEW MANGLOS DIRECTOR 1.00 X 0 0 0 MARY MAY 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 CHUCK HEDEMARK DIRECTOR 1.00 X 0 0 0 BERT GLANDON EX OFFICIO/CWI PRESIDENT 1.00 X 0 0 0 MITCH MINNETTE EXECUTIVE DIRECTOR 40.00 X 14994 0 5612 ELINA DICOSTANZO EXECUTIVE DIRECTOR (THRU 9/1/13) 40.00 X 16443 0 4774 31437 0 10386 0 0 0 1 0 759642 95714 759642 51132 51132 1600 0 1600 1600 1600 768981 17500000 638395 15514351 130586 1985649 2116235 130586 1985649 2928609 132186 0 2036781 18581880 18581880 13875 13875 30318 30318 10812 10812 2750 2750 6132 3212 2920 7187 7187 1086 1086 81895 81895 FOUNDATION OPERATION SE 2376 2376 MISCELLANEOUS 700 700 MEMBERSHIPS & SUBSCRIPT 200 200 18739211 18713943 25268 0 X 2233307 2158036 420265 272383 95784 0 0 0 15596247 0 2275657 2629618 20621260 5060037 48511 106421 48511 106421 X 15892383 495539 3653957 3378332 1026409 1079745 20572749 4953616 20621260 5060037 -15810602 191469 0 X X 0 1 X 1 0 X 16834687 5679236 482653 759642 23756218 16834687 5679236 482653 759642 23756218 12176189 11580029 59092 62720 54582 52732 229126 4217 14242 18459 24003803 284066 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1071563 53336 164831 51288 1238442 1051931 534 76057 56959 1071563 964443 115229 2894 30635 1051931 922653 51699 9909 964443 0.00000 0.87190 0.12810 0 0 0 X 1367465 191469 263354 -30318 424505 942960 1985649 1985649 2928609 18972247 263354 263354 18708893 30318 30318 18739211 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS AND COLLEGE PROGRAM SUPPORT. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A PUBLIC CHARITY UNDER SECTION 170(B)(1)(A)(VI). THIS EXEMPTION DOES NOT APPLY TO UNRELATED BUSINESS ACTIVITIES. ON THESE ACTIVITIES, THE FOUNDATION IS REQUIRED TO REPORT AND PAY FEDERAL AND STATE INCOME TAX. THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE INTERNAL REVENUE SERVICE (IRS). 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT INVESTMENT FEES -30,318. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DONATION OF PROPERTY - MICRON BUILDING 1,985,649. PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWMENT INVESTMENT FEES 30,318. SCHEDULE D, PART V - ENDOWMENT FUNDS: THE COLLEGE OF WESTERN IDAHO FOUNDATION AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING JUNE 30, 2014 INCLUDED A MODIFICATION TO THE PRIOR YEAR ENDING ENDOWMENT ASSETS BALANCE DUE TO A CHANGE IN THE ACTUAL APPROPRIATION OF ENDOWMENT ASSETS FOR EXPENDITURE. THE FORM 990 SCHEDULE D, PART V INFORMATION FOR THE PRIOR YEAR IS UPDATED TO REFLECT THE NUMBERS REPORTED IN THE AUDITED FINANCIAL STATEMENTS. SCHEDULE D, PART VI - LAND, BUILDINGS AND EQUIPMENT THE COLLEGE OF WESTERN IDAHO FOUNDATION TRANSFERRED OWNERSHIP OF THE MICRON CENTER FOR PROFESSIONAL TECHNICAL EDUCATION TO THE COLLEGE OF WESTERN IDAHO ON SEPTEMBER 25, 2013 WITH A FAIR MARKET VALUE OF $17,500,000. THE FACILITY IS THE PRIMARY LOCATION FOR COLLEGE OF WESTERN IDAHO PROFESSIONAL TECHNICAL EDUCATION PROGRAMS AS WELL AS ONE STOP STUDENT SERVICE AT THE COLLEGE OF WESTERN IDAHO BOOKSTORE. 1 THE COLLEGE OF WESTERN IDAHO 6056 BIRCH LANE SUITE 200 NAMPA ID 83687 260684268 STATE OF IDAHO 749221 DEPARTMENTAL AND PROGRAM SUPPORT FOR THE COLLEGE THE COLLEGE OF WESTERN IDAHO 6056 BIRCH LANE SUITE 200 NAMPA ID 83687 260684268 STATE OF IDAHO 332659 SCHOLARSHIP FUNDS FOR THE COLLEGE THE COLLEGE OF WESTERN IDAHO 6056 BIRCH LANE SUITE 200 NAMPA ID 83687 260684268 STATE OF IDAHO 17500000 APPRAISAL MICRON CENTER FOR PROFESSIONAL TECHNICAL EDUCATION - LAND AND BUILDING TO PROVIDE OWNERSHIP OF THE MICRON CENTER TO THE COLLEGE; THE CENTER IS THE PRIMARY LOCATION FOR CWI PROFESSIONAL TECHNICAL EDUCATION PROGRAMS AS WELL AS ONE STOP STUDENT SERVICES AND THE CWI BOOKSTORE. 1 PART I, LINE 2: THE FOUNDATION'S SCHOLARSHIP COORDINATOR MAINTAINS RECORDS FOR THE SCHOLARSHIP GRANTS AND ASSISTANCE. THE RECORDS ARE COORDINATED WITH THE COLLEGE OF WESTERN IDAHO FINANCIAL AID DIRECTOR TO CONFIRM SCHOLARSHIP ELIGIBILITY. 0 0 0 0 0 0 0 0 0 MITCH MINNETTE EXECUTIVE DIRECTOR 14994 0 0 0 0 0 0 0 5612 0 20606 0 0 0 ELINA DICOSTANZO EXECUTIVE DIRECTOR (THRU 9/1/13) 16443 0 0 0 0 0 0 0 4774 0 21217 0 0 0 SCHEDULE J, PART II: THE ORGANIZATION'S EXECUTIVE DIRECTOR IS COMPENSATED ANNUALLY BY THE COLLEGE OF WESTERN IDAHO, AN UNRELATED ORGANIZATION. THE ORGANIZATION HAS REPORTED ON PART VII COMPENSATION PAID TO THE EXECUTIVE DIRECTOR POSITION ON THE ORGANIATION'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. X 1 74991 FMV AT SALE X MATERIALS & S 1 20723 COST 0 0 1 0 MICRON CENTER FOR PROFESSIONAL TECHNICAL EDUCATION - LAND AND BUILDING 2013-09-25 17500000 APPRAISAL OF LAND AND BUILDING 260684268 THE COLLEGE OF WESTERN IDAHO PO BOX 3010 NAMPA ID 83653 STATE INSTITUTION - IRC SECTION 115 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE GOVERNING BODY DELEGATES AUTHORITY TO ACT ON ITS BEHALF TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, SECRETARY, TREASURER, IMMEDIATE PAST CHAIRS AND THE CHAIRS OF THE FOLLOWING BOARD COMMITTEES: AUDIT, BOARD DEVELOPMENT, GOVERNANCE, MARKETING AND SPECIAL EVENTS, SCHOLARSHIP, AND INVESTMENT. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE VOTING DIRECTORS. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD BETWEEN THE MEETING OF SAID BOARD, EXCEPT THE EXECUTIVE COMMITTEE MAY NOT TAKE THE FOLLOWING ACTION: (I) AUTHORIZE DISTRIBUTIONS, (II) APPROVE DISSOLUTION, MERGER OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE FOUNDATIONS ASSETS (III) ELECT APPOINT OR REMOVE DIRECTS OR FILL VACANCIES OF 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 A, LINE 2 BUSINESS RELATIONSHIP: CHUCK HEDEMARK & DEBBIE HENRY BUSINESS RELATIONSHIP: BERT GLANDON & GUY HURLBUTT FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE AND EXECUTIVE COMMITTEE BY EMAIL FOR REVIEW BEFORE THE FEBRUARY MEETING AND PRIOR TO FILING. 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 C, LINE 19 DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART X, LINE 10C: THE COLLEGE OF WESTERN IDAHO FOUNDATION TRANSFERRED OWNERSHIP OF THE MICRON CENTER FOR PROFESSIONAL TECHNICAL EDUCATION TO THE COLLEGE OF WESTERN IDAHO ON SEPTEMBER 25, 2013 WITH A FAIR MARKET VALUE OF $17,500,000. THE FACILITY IS THE PRIMARY LOCATION FOR COLLEGE OF WESTERN IDAHO PROFESSIONAL TECHNICAL EDUCATION PROGRAMS AS WELL AS ONE STOP STUDENT SERVICE AT THE COLLEGE OF WESTERN IDAHO BOOKSTORE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART VII, SECTION A: THE ORGANIZATION'S EXECUTIVE DIRECTOR IS COMPENSATED ANNUALLY BY THE COLLEGE OF WESTERN IDAHO, AN UNRELATED ORGANIZATION. THE ORGANIZATION HAS REPORTED ON PART VII COMPENSATION PAID TO THE EXECUTIVE DIRECTOR POSITION ON THE ORGANIATION'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.