2013-02-08T16:16:22-06:00 2012-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2011-07-01 826010706 BOISE STATE UNIVERSITY FOUNDATION INC BOIS 2084263276 2225 UNIVERSITY DRIVE BOISE ID 83706 CHRIS ANTON 2084263276 2013-02-08 1 LEANN M SANNES P01258277 2083447150 2013-02-07 2011 2016-02-25 16:41:14Z CHRIS ANTON 2225 UNIVERSITY DRIVE BOISE ID 83706 201717185 0 X WWW.BOISESTATEFOUNDATION.ORG X 1964 ID TO RAISE FUNDS AND SUPPORT FOR BOISE STATE UNIVERSITY'S ACADEMIC PROGRAMS, PRUDENTLY MANAGE ALL PRIVATE FUNDS DONATED TO THE UNIVERSITY AND ACT AS AN ENVOY AND LINK BETWEEN THE UNIVERSITY AND ITS CONSTITUENCIES. 40 40 0 45 807 0 22211446 30763735 2550158 2783738 3566313 2851056 680818 261443 29008735 36659972 18060847 27649598 0 0 1318241 1534300 81083 8404 1760129 2168109 2642797 21628280 31835099 7380455 4824873 155921836 160693870 13027642 15816908 142894194 144876962 THE BOISE STATE UNIVERSITY FOUNDATION INSPIRES, GENERATES, AND PRUDENTLY MANAGES PRIVATE SUPPORT FOR BOISE STATE UNIVERSITY, A METROPOLITAN RESEARCH UNIVERSITY OF DISTINCTION. 0 0 3682459 3682459 DISTRIBUTION OF SCHOLARSHIPS. 25013319 23967139 3038018 GENERAL SUPPORT FOR BOISE STATE UNIVERSITY. 28695778 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 1 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 21 0 1 0 0 1 BD CJ 0 0 0 1 1 0 0 0 0 X 40 40 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATHY VAN VACTOR 2084262346 2225 UNIVERSITY DRIVE BOISE ID 83706 CANDICE D ALLPHIN 1.00 X X 0 0 0 JOY M KEALEY 1.00 X X 0 0 0 LINDA YANKE 1.00 X X 0 0 0 JASON M CORONADO 1.00 X X 0 0 0 AJ BALUKOFF SR 1.00 X 0 0 0 S HATCH BARRETT 1.00 X 0 0 0 TOM M BELTIA 1.00 X 0 0 0 CLINT R BOLINDER 1.00 X 0 0 0 SUZI BOYLE-HUMMEL 1.00 X 0 0 0 GREGORY P BROWN 1.00 X 0 0 0 CHERIE BUCKNER-WEBB 1.00 X 0 0 0 JEFFREY W CASEY 1.00 X 0 0 0 MIKE CAVEN 1.00 X 0 0 0 TOM DIXON 1.00 X 0 0 0 ALLEN D DYKMAN 1.00 X 0 0 0 RICHARD G FEDRIZZI 1.00 X 0 0 0 DENNIS B FITZPATRICK 1.00 X 0 0 0 GARY L FLETCHER 1.00 X 0 0 0 JOHN R GALE 1.00 X 0 0 0 WILLIAM C GLYNN 1.00 X 0 0 0 ERNEST A HOIDAL 1.00 X 0 0 0 GEORGE S ILIFF 1.00 X 0 0 0 SONDRA JUETTEN 1.00 X 0 0 0 JAMES KISSLER 1.00 X 0 0 0 DEAN KLEIN 1.00 X 0 0 0 MARK W LLITERAS 1.00 X 0 0 0 ROBERT MAYNARD 1.00 X 0 0 0 ROYANNE F MINSKOFF 1.00 X 0 0 0 RICHARD J NAVARRO 1.00 X 0 0 0 HARVEY L NEEF 1.00 X 0 0 0 NEIL W NELSON 1.00 X 0 0 0 PATRICIA OLSSON 1.00 X 0 0 0 ROB R PEREZ 1.00 X 0 0 0 DEBRA K RIEDEL 1.00 X 0 0 0 MARK J RIVERS 1.00 X 0 0 0 BRANDY N STEMMLER 1.00 X 0 0 0 DUANE H STUECKLE 1.00 X 0 0 0 DAVID J TERRELL 1.00 X 0 0 0 RONALD VAN AUKER 1.00 X 0 0 0 LARRY D WILLIAMS 1.00 X 0 0 0 KATHLEEN A KEMPTON 40.00 X 115003 0 31569 115003 0 31569 1 0 0 0 0 3811749 26951986 1090418 30763735 MISCELLANEOUS INCOME 611710 1399571 1398764 807 STADIUM SUITES 900099 1384167 1384167 2783738 3262082 3262082 193575 0 193575 193575 193575 164622881 165033907 -411026 -411026 -411026 91174 23306 67868 67868 36659972 2976506 807 2918924 23967139 23967139 3682459 3682459 146713 132042 14671 1097551 324952 772599 110672 44756 65916 96685 29354 67331 82679 31304 51375 28453 2560 25893 31000 31000 8404 8404 482869 293317 189552 317225 104677 3791 208757 54852 72 54780 11228 170 8654 2404 131574 69074 62500 34385 34385 13519 3098 4272 6149 63815 6389 57426 276910 276910 140165 140165 8038 1086 6952 UBI TAX EXPENSE 1787 1787 UNCOLLECTABLE PLEDGE EX 610016 610016 MISCELLANEOUS 416425 24867 3741 387817 DUES, SUBSCRIPTIONS & O 16081 16081 4455 4455 31835099 28695778 1379192 1760129 2354799 959062 3869974 3476092 17737934 22028914 24316 1310 40664 10253669 440833 9927836 9812836 93914323 98647597 14805809 14695977 13309851 11008412 155921836 160693870 238697 1554641 3589179 4260659 6593000 7298000 2606766 2703608 13027642 15816908 X 8327919 8511972 71428605 71301186 63137670 65063804 142894194 144876962 155921836 160693870 X 4824873 -2842105 X X 0 1 1 X 0 X 29350031 39206341 19208409 22211446 30702223 140678450 29350031 39206341 19208409 22211446 30702223 140678450 37628544 103049906 2759953 2695636 2586726 3331829 3455657 14829801 9769 807 10576 155518827 12386803 0.66260 0.64080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78473526 1926134 -798198 2096308 340780 1198360 75966014 65859180 1615929 14449876 1628250 655776 1167433 78473526 58050457 2674332 6919486 705103 249091 830901 65859180 63431274 16446155 -19420583 1539763 214176 652450 58050457 0.05760 0.85650 0.08590 0 0 5653669 5653669 4600000 440833 4159167 9812836 PRIVATE EQUITY FUND INVESTMENTS 2665937 F REAL ESTATE AND SPECIALTY ASSETS 5737488 F SILVER CREEK LOW VOL STRATEGIES 2051378 F PINEHURST INSTITUTIONAL LTD 3714679 F INVESTMENT IN DEER POINT TOWER VENTURE LLC 526495 F 14695977 BENEFICIAL INTEREST IN PERPETUAL TRUST 2793868 OTHER ASSETS 176542 NONCURRENT RESTRICTED CASH AND CASH EQUIVALENTS 4869800 NET INVESTMENT IN LEASE - TECHNOLOGY BUILDING 1921725 INTEREST RECEIVABLE 372512 FUNDS HELD BY TRUSTEE 568713 INSURANCE ANNUITIES 305252 11008412 FUNDS HELD IN CUSTODY FOR OTHERS 636016 INTEREST PAYABLE 36698 PAYABLE TO TRUST BENEFICIARY 253864 LIABILITY FOR SPLIT INTEREST TRUSTS 1777030 2703608 36659972 31835099 4824873 -2700393 -141712 -2842105 1982768 33853356 -2700393 12183 -141712 -2829922 36683278 -23306 -23306 36659972 31870588 12183 23306 35489 31835099 0 31835099 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENT OF THE ENDOWMENT FUNDS IS TO BE MAINTAINED PERMANENTLY TO BE INVESTED WITH THE PURPOSE OF PROVIDING DISTRIBUTIONS THAT WILL BE USED TO PROVIDE SCHOLARSHIP AND OPERATING FUNDS FOR THE UNIVERSITY AND THE FOUNDATION (QUASI-ENDOWMENT). DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ASC TOPIC 740 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF JUNE 30, 2012, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE FOUNDATION WILL ACCRUE ANY UNRECOGNIZED TAX BENEFITS, UNRECOGNIZED TAX EXPENSES OR PENALTIES IF ANY SUCH ITEMS SHOULD BE INCURRED. THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST TRUSTS -141,712. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST TRUSTS -141,712. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -23,306. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 23,306. 1 EUROPE 0 0 PROGRAM SERVICES GRANT TO FUND AN ACADEMIC CONFERENCE 40000 0 0 0 0 0 0 40000 0 40000 EUROPE FUNDING OF CONFERENCE - MAXENT 2012: INTERNATIONAL WORKSHOP ON BAYESIAN INFERENCE AND MAXIMUM ENTROPY METHODS IN SCIENCE AND ENGINEERING. 40000 WIRE TRANSFER BOOK 1 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS/ASSISTANCE AND THE USE OF THOSE FUNDS OUTSIDE OF THE UNITED STATES. ALL FUNDS USE IS MONITORED THROUGH THE CHECK REQUEST PROCESS THAT IS REQUIRED BEFORE FUNDS ARE TRANSFERRED BY THE ORGANIZATION. THE CHECK REQUEST PROCESS ENSURES THAT ALL FUND DISTRIBUTIONS ARE ACCOMPANIED BY AUTHORIED SIGNATURES AND PROPER DOCUMENTATION. BRONCO DAIRY BOOSTERS 59685 59685 100 5978 723 URRESTI GOLF TOURNAMENT 26855 26855 4567 5912 1 4634 4634 6026 91174 91174 4567 6012 5978 6749 23306 67868 0 BOISE STATE UNIVERSITY 1910 UNIVERSITY DR BOISE ID 83725 820290701 OTHER EXEMPT ENTITY 22364902 SUPPORT OF ACADEMIC, ATHLETIC AND ADMINISTRATIVE DEPARTMENTS. THE COLLEGE OF WESTERN IDAHO FOUNDATION INC 6056 BIRCH LANE SUITE 200 NAMPA ID 83687 271159705 501(C)(3) 1602237 SUPPORT OF ACADEMIC, ATHLETIC AND ADMINISTRATIVE DEPARTMENTS. 1 1 SCHOLARSHIPS 1072 3682459 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOLLOWING PROCEDURES ARE FOLLOWED FOR ALL PHILANTHROPIC GRANT AWARDS RECEIVED BY THE FOUNDATION UNLESS AN EXCEPTION IS GRANTED BY THE EXECUTIVE DIRECTOR. GOVERNMENTAL AND OTHER NON-PHILANTHROPIC GRANTS TO THE UNIVERSITY ARE ADMINISTERED BY THE OFFICE OF SPONSORED PROGRAMS INSTEAD OF THE FOUNDATION. TWO OUTSIDE ORGANIZATIONS, THE UNIVERSITY OF IDAHO AND THE IDAHO ASSOCIATION OF BILINGUAL EDUCATION, WORK WITH THE FOUNDATION WITH REGARD TO ANNUAL AWARDS AND THE FOUNDATION TRANSFERS FUNDS DIRECTLY TO THE UNIVERSITY FINANCIAL AID OFFICE. 1. GRANT PROPOSALS FOR AWARDS TO COME TO THE FOUNDATION ARE COMPLETED BY THE UNIVERSITY PROGRAM AND THE FOUNDATION USUALLY WITH INVOLVEMENT OF THE UNIVERSITY ADVANCEMENT DEVELOPMENT DIRECTOR. 2. GRANT AGREEMENTS ARE OFTEN SIGNED BY BOTH THE UNIVERSITY AND THE FOUNDATION, BUT SOMETIMES SIGNED BY ONE OR THE OTHER. 3. WHEN GRANT AWARD IS RECEIVED, SEPARATE FUNDS IN RE AND FE ARE SET UP TO TRACK ALL TRANSACTIONS ASSOCIATED WITH THAT SPECIFIC GRANT. 4. THE FOUNDATION SETS UP REMINDERS ON ITS OPERATIONS CALENDAR TO TRACK ALL REQUIRED GRANT REPORTING. 5. EXPENDITURES RELATED TO THESE GRANTS ARE USUALLY MADE THROUGH THE UNIVERSITY ACCOUNTING SYSTEM AND INTERNAL CONTROLS, BUT OCCASIONALLY, THE FOUNDATION DOES PAY SOME EXPENSES DIRECTLY. 6. THE UNIVERSITY EMPLOYEE RESPONSIBLE FOR THE GRANT ACTIVITIES MUST SUBMIT A FOUNDATION CHECK REQUEST TO THE FOUNDATION FOR IT TO EITHER REIMBURSE UNIVERSITY ACCOUNTS FOR GRANT-RELATED EXPENDITURES OR PAY THEM DIRECTLY. 7. THE FOUNDATION REQUIRES THAT ITS CHECK REQUEST PROCEDURES BE FOLLOWED FOR THESE REQUESTS, INCLUDING THAT THE REQUEST MUST HAVE AN AUTHORIZED SIGNATURE AND PROPER DOCUMENTATION. 8. FOUNDATION EMPLOYEES REVIEW EACH CHECK REQUEST TO MAKE SURE THAT THE REQUESTED EXPENDITURES COMPLY WITH THE GRANT AGREEMENT AND FOLLOW UP FOR MORE INFORMATION/DOCUMENTATION AS NEEDED. 9. FOUNDATION EMPLOYEES WORK WITH UNIVERSITY PROGRAMS AS NEEDED TO COMPLETE THE REQUIRED REPORTING AND SUBMIT BY THE DEADLINES. IDAHO HOUSING AND FINANCE ASSOCIATION 820302333 NONEAVAIL 2008-10-14 5058000 PURCHASED LAND AND A BUILDING 0 0 0 US BANCORP PIPER JAFFRAY INC NONEAVAIL 2002-02-28 4801335 CONSTRUCTION OF A UNIVERSITY BUILDING 0 0 0 5058000 101106 4956894 2008 0 0 1 1 4801335 4765366 35350 4765366 620 1991 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 X 26 1090418 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 THE INDIVIDUALS LISTED BELOW HAVE BUSINESS RELATIONSHIPS: LINDA YANKE & LARRY D. WILLIAMS FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE FOUNDATION STAFF FOR REVIEW THEN IT IS PROVIDED TO THE BOARD AUDIT COMMITTEE FOR REVIEW AND RECOMMENDATION TO THE EXECUTIVE COMMITTEE. THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. PER THE ORGANIZATION'S BYLAWS, THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT ON BEHALF OF THE BOARD. THE BOARD IS INFORMED OF THE EXECUTIVE COMMITTEE'S DECISION, AND A COPY OF THE FORM 990 IS PROVIDED TO ANY DIRECTOR WHO REQUESTS IT. FORM 990, PART VI, SECTION B, LINE 12C THE 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 15 THE EXECUTIVE DIRECTOR 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 ORGANIZATION'S GOVERNING DOCUMENTS ARE NOT AVAILABLE FOR PUBLIC REVIEW. FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, LINE 1A: THE GOVERNING BODY OF THE ORGANIZATION DELEGATES AUTHORITY TO ACT ON ITS BEHALF TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD BETWEEN THE MEETINGS OF SAID BOARD, EXCEPT THAT 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. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, SECRETARY, TREASURER, IMMEDIATE PAST CHAIR, AND THE CHAIRS OF THE FOLLOWING BOARD COMMITTEES: AUDIT; DEVELOPMENT; GOVERNANCE; REAL ESTATE; INVESTMENT. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE VOTING DIRECTORS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,700,393. CHANGE IN SPLIT INTEREST TRUSTS -141,712. TOTAL TO FORM 990, PART XI, LINE 5: -2,842,105. FORM 990, PART XI, LINE 1: FUND ACCOUNTING FORM 990, PART XII, LINE 2C: NO CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE CURRENT YEAR.