2011-02-14T11:14:57-06:00 2010-06-30 Eide Bailly LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2009-07-01 826010706 BOISE STATE UNIVERSITY FOUNDATION INC BOIS 2084263276 2225 UNIVERSITY DRIVE BOISE ID 83706 KATY KEMPTON 2084262372 2011-01-24 1 Bill Smith 2083447150 2011-01-24 2009 2016-02-24 21:20:13Z KATY KEMPTON 2225 UNIVERSITY DRIVE BOISE ID 83706 152744014 0 X WWW.UNIVERSITYADVANCEMENT.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 47 4623 3509 39206341 19208409 2901352 2053936 -4262084 -754983 651088 302320 38496697 20809682 12982638 13330773 0 2640994 1476723 190698 9751 936953 2881180 1956286 18695510 16773533 19801187 4036149 126939424 137807412 15635453 13884596 111303971 123922816 The Boise State University Foundation inspires, generates, and prudently manages private support for Boise State University, a metropolitan research university of distinction. 0 0 2520536 2520536 DISTRIBUTION OF SCHOLARSHIPS 11536915 10810237 GENERAL SUPPORT FOR UNIVERSITY 14057451 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 0 1 1 1 BD CJ 0 0 0 1 1 0 0 0 40 40 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X Katy Kempton 2084262372 2225 UNIVERSITY DRIVE BOISE ID 83706 GREGORY P BROWN 2.00 X 0 0 0 SONDRA JUETTEN 2.00 X 0 0 0 Mark Lliteras 5.00 X X 0 0 0 Candice D Allphin 5.00 X X 0 0 0 Linda Yanke 5.00 X X 0 0 0 JOY M KEALEY 5.00 X X 0 0 0 Debra K Riedel 2.00 X 0 0 0 Duane H Stueckle 2.00 X 0 0 0 Edward E Zimmer 2.00 X 0 0 0 Ernest A Hoidal 2.00 X 0 0 0 George S Iliff 2.00 X 0 0 0 Harvey L Neef 2.00 X 0 0 0 James Kissler 2.00 X 0 0 0 Jan B Packwood 2.00 X 0 0 0 John D Jackson 2.00 X 0 0 0 Larry Arguinchona 2.00 X 0 0 0 Loren D Blickenstaff 2.00 X 0 0 0 Ray Flachbart 2.00 X 0 0 0 Richard J Navarro 2.00 X 0 0 0 Ronald Van Auker 2.00 X 0 0 0 William C Glynn 2.00 X 0 0 0 AJ Balukoff Sr 2.00 X 0 0 0 Dennis B Fitzpatrick 2.00 X 0 0 0 S Hatch Barrett 2.00 X 0 0 0 Suzi Boyle-Hummel 2.00 X 0 0 0 Cherie Buckner-Webb 2.00 X 0 0 0 Jason M Coronado 2.00 X 0 0 0 Allen D Dykman 2.00 X 0 0 0 Gary L Fletcher 2.00 X 0 0 0 Dean Klein 2.00 X 0 0 0 BILL ILETT 2.00 X 0 0 0 RICHARD G FEDRIZZI 2.00 X 0 0 0 JOEL HICKMAN 2.00 X 0 0 0 ROB R PEREZ 2.00 X 0 0 0 JEFFREY W CASEY 2.00 X 0 0 0 TOM M BEITIA 2.00 X 0 0 0 CLINT R BOLINDER 2.00 X 0 0 0 ROBERT MAYNARD 2.00 X 0 0 0 Fredrika P Clement 40.00 X 91838 0 24018 Howard Lee Smith 40.00 X 141177 0 31257 CHERYL LARABEE 40.00 X 84789 0 23015 Kathleen A Kempton 40.00 X 100610 0 28714 418414 0 107004 2 0 1 0 0 2570775 354178 16283456 2702104 19208409 STADIUM SUITES 900099 1286999 1286999 Miscellaneous Income 611710 766937 762314 4623 2053936 2340907 2340907 245819 245819 245819 245819 128818436 131914326 -3095890 -3095890 -3095890 76507 20006 56501 56501 20809682 -800758 4623 2397408 10810237 10810237 2520536 2520536 276549 142227 134322 868530 548308 320222 145142 86509 58633 92842 63179 29663 93660 56044 37616 26030 26030 28500 28500 9751 9751 417292 258036 159256 92248 20921 2678 68649 1885 478 1407 57845 9930 47027 888 18511 15929 2582 18533 2011 1920 14602 89355 21623 10924 56808 383862 383862 115000 115000 7252 7252 ALL OTHER EXPENSES 302076 115187 23485 163404 Uncollectable Pledge Ex 290216 290216 Expenses on Property Ow 60999 60999 MISC. EXPENSES 20537 8263 12274 DUES AND SUBSCRIPTIONS 19581 13 19568 6564 6564 16773533 14057451 1779129 936953 2276591 495128 3335174 3357036 25291337 16008863 590035 184 12315 10253669 210833 10157836 10042836 63453152 78794961 11604199 12859710 10218785 16248694 126939424 137807412 1735212 518923 3146434 3242914 8153000 7878000 2600807 2244759 15635453 13884596 X 2893443 6853847 49564601 55547228 58845927 61521741 111303971 123922816 126939424 137807412 X 0 1 1 X 0 X 10762013 9418562 29350031 39206341 19208409 107945356 10762013 9418562 29350031 39206341 19208409 107945356 33686678 74258678 2443910 2982219 2759953 2695636 2586726 13468444 121413800 8511538 0.61160 0.64770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58050457 2674332 6919486 -705103 -249091 -830901 65859180 63431274 16446155 -19420583 -1539763 -214176 -652450 58050457 0.05000 0.93000 0.02000 0 0 5653669 5653669 4600000 210833 4389167 10042836 PRIVATE EQUITY FUND 1668123 F REAL ESTATE AND SPECIALTY 4223352 F SILVER CREEK LOW VOL STRATEGIES 3653452 F PINEHURST INSTITUTIONAL LTD 2732681 F INVESTMENT IN DEER POINT TOWER VENTURE LLC 582102 F 12859710 BENEFICIAL INTEREST IN PERPETUAL TR 2526137 OTHER ASSETS 139330 RESTRICTED CASH AND CASH EQUIVALENTS 9778753 NET INVESTMENT IN LEASE 2578142 INTEREST RECEIVABLE 389833 FUNDS HELD BY TRUSTEE 568691 INSURANCE ANNUITIES 267808 16248694 FUNDS HELD IN CUSTODY 1078113 INTEREST PAYABLE 49082 PAYABLE TO TRUST BENEFICIARY 239357 LIABILITY FOR SPLIT INTEREST TRUSTS 878207 2244759 20809682 16773533 4036149 8558076 24620 8582696 12618845 29412384 8558076 24620 8582696 20829688 -20006 -20006 20809682 16793539 20006 20006 16773533 0 16773533 Part V, Line 4: Description of Intended Use of Endowment Funds: 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). Part X: Description of Uncertain Tax Positions Under FIN 48: THE FOUNDATION HAS 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, 2010, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. Part XI, Line 8 - Other Adjustments: CHANGE IN SPLIT INTEREST TRUSTS: 24620. Part XII, Line 2d - Other Adjustments: CHANGE IN SPLIT INTEREST TRUSTS: 24620. Part XII, Line 4b - Other Adjustments: special event expenses: -20006. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSES: 20006. X X X 1 Ruffalo Cody Phonathon Management 0 169252 68248 68248 CAMPBELL & CO FUNDRAISING COUNSEL 0 0 7200 7200 169252 75448 75448 BRONCO DAIRY BOOSTERS 56209 56209 5403 2037 URRESTI GOLF TOURNAMENT 20298 20298 5883 5330 1353 76507 76507 5883 5330 5403 3390 20006 56501 0 BOISE STATE UNIVERSITY 1910 UNIVERSITY DR BOISE ID 83725 820290701 OTHER EXEMPT ENTITY 10810237 Support of academic, athletic and administrative departments. 1 0 SCHOLARSHIPS 1223 2520536 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. 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. X X X 0 0 0 0 0 0 0 0 0 Howard Lee Smith 141177 0 0 0 0 0 0 0 31257 0 172434 0 0 0 Idaho Housing and Finance Association 820302333 noneavail 2008-10-14 5058000 Purchased land and a building 0 0 US BANCORP PIPER JAFFRAY INC NONEAVAIL 2002-02-28 4801335 CONSTRUCTION OF A UNIVERSITY BUILDING 0 0 5058000 101106 4956894 2008 0 0 1 1 4801335 4765366 620 35350 4765366 1991 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 X 35 2065611 FAIR MARKET VALUE X 1 282315 FAIR MARKET VALUE 0 1 0 Form 990, Part VI, Section A, line 2 BUSINESS RELATIONSHIP: HARVEY NEEF LARRY ARGUINCHONA THE INDIVIDUALS LISTED ABOVE HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section A, line 4 CHANGES TO THE FOUNDATION'S BYLAWS AUTHORIZE THE EXECUTIVE DIRECTOR AS A SIGNER FOR PAYMENTS AND CONTRACTS. CHANGES TO THE FOUNDATION'S ARTICLES MAKE THE EXECUTIVE DIRECTOR THE AUTHORIZED AGENT FOR THE FOUNDATION. Form 990, Part VI, Section B, line 11 PRIOR TO FILING, THE FORM 990 IS PRESENTED TO THE FOUNDATION STAFF FOR REVIEW. IT IS THEN 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 ORGANIZATIONS BYLAWS, THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT ON BEHALF OF THE BOARD. THE BOARD IS INFORMED OF THE EXECUTIVE COMMITTEES 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. 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 and financial statements are not available for public reivew. Form 990 is available upon request. FORM 990, PART VII, SECTION A: THE OFFICERS OF THE ORGANIZATION ARE EMPLOYEES OF BOISE STATE UNIVERSITY AND ARE LOANED TO THE FOUNDATION. THE ORGANIZATION HAS REPORTED THEIR COMPENSATION AS IF PAID BY THE FOUNDATION ITSELF. FORM 990, PART XI, LINE 1: FUND ACCOUNTING FORM 990, PART XI, LINE 2C: NO CHANGE IN OVERSIGHT OR SELECTION PROCESS FROM PRIOR YEAR.