2026-05-15T14:48:32-05:00 2025-06-30 450250958 Eide Bailly LLP 877 W Main St Ste 800 Boise ID 837025858 990 2024-07-01 826010706 Boise State University Foundation Inc BOIS 2084263822 1173 University Drive Boise ID 83706 Argia Beristain Chief Executive Officer 2084263822 2026-05-06 1 1 Kimberly C Nelson CPA P01887713 2083447150 2026-05-05 2024 2025-03-06 01:10:19Z Argia Beristain 1173 University Drive Boise ID 83706 136806720 0 X https://giving.boisestate.edu/about/foundation/ X 1964 ID To inspire, generate, and prudently manage private support for Boise State University. 32 32 0 34 -4057 0 28431409 60196499 9527350 11070669 8817568 13212072 -4540 -60507 46771787 84418733 29662119 41748633 0 0 3786895 4760067 0 0 4156956 2640815 3052684 36089829 49561384 10681958 34857349 262068004 313044106 14521361 15906073 247546643 297138033 X 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 29086736 28699454 11070669 The Foundation provides general support for Boise State University through both endowment and current use funds. Some highlights for the fiscal year end June 30, 2025 include the continued support for all academic colleges, computer science and engineering, STEM, health sciences, research in public policy, education, arts and sciences, True Blue scholarships, endowed positions, athletics, and other various support programs at Boise State University. Effective July 1, 2024, the Boise State University division of University Advancement was merged into the Foundation, forming one unified philanthropic organization. (Continued on Schedule O)The expanded organization now is responsible for fundraising, engagement, information, and technology services, financial operations, and investment management to support activities under the Foundation's, mission to inspire, manage, and distribute private support for the benefit of the University. 7092411 7092411 The Foundation administers over 1,000 different academic scholarships for Boise State University. Applicants may be 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, 2025, the Foundation distributed over 2,500 scholarship awards to 1,560 recipients. 5956768 5956768 The Foundation provides support services for both the Bronco Athletic Association and the Boise State University 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. 42135915 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 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 22 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA OR UT WA CO X Melinda Tucker 2084264837 1173 University Drive Boise ID 83706 Jim Martin Executive Chair 5.00 X X 0 0 0 Bruce Mohr Executive Vice Chair 2.00 X X 0 0 0 Brian Yeargain Treasurer, Finance & Audit Chair 2.00 X X 0 0 0 Rick Pedigo Secretary 2.00 X X 0 0 0 Brandy Stemmler Immediate Past Chair 2.00 X X 0 0 0 Glen Walker Director 1.00 X 0 0 0 Randy Hales Director 1.00 X 0 0 0 Mike Mers Director 1.00 X 0 0 0 Jennifer Seamons Director 1.00 X 0 0 0 Emily Baker Director 1.00 X 0 0 0 Rod MacKinnon Director 1.00 X 0 0 0 Bernadette Madarieta Director 1.00 X 0 0 0 Jason Manning Director 1.00 X 0 0 0 Ted Epperly Director 1.00 X 0 0 0 Michael Reynoldson Director 1.00 X 0 0 0 Debbie Flandro Director 1.00 X 0 0 0 Cheryl Larabee Director 1.00 X 0 0 0 Brent Moylan Director 1.00 X 0 0 0 Kenny Bolton Director 1.00 X 0 0 0 Zach Higgins Director 1.00 X 0 0 0 Royanne Minskoff Director 1.00 X 0 0 0 Ryan Relyea Director 1.00 X 0 0 0 Rick Stacey Director 1.00 X 0 0 0 Allen Dykman Director 1.00 X 0 0 0 Darren Kyle Director 1.00 X 0 0 0 Stacy Pearson Director 1.00 X 0 0 0 Matt Wolff Director 1.00 X 0 0 0 Richelle Sugiyama Director 1.00 X 0 0 0 Cole Clinger Director 1.00 X 0 0 0 Tara Martens Miller Director 1.00 X 0 0 0 David McFadyen Director 1.00 X 0 0 0 Christina Moore Ward Director 1.00 X 0 0 0 Kimberly Welsh Left 425 Director 1.00 X 0 0 0 Paul Powell Chief Financial Officer 40.00 X 209467 0 36196 Argia Beristain From 1124 Interim CEO; Chief Executive Officer 40.00 X 225875 0 38114 Matthew Ewing Left 1024 Chief Executive Officer 40.00 X 339671 0 44668 Joseph Boeke Left 1224 AVP, Advancement Services 40.00 X 206242 0 32475 David Johnston AVP, Alumni & Constituent Engagement 40.00 X 182916 0 34001 Jennifer Neil Executive Director, Development 40.00 X 146784 0 29109 Catherine Didion Exec Dir Corporate & Foundation Partnerships 40.00 X 124839 0 26815 Bryan Beals Interim AVP, Development 40.00 X 121439 0 26328 Melanie Bannister Executive Director, Development 40.00 X 120873 0 26536 Perrine Blakley Executive Director, Development 40.00 X 116880 0 26536 1794986 0 320778 0 0 0 1 ANC Sports Enterprises LLC PO Box 30047 New York NY 10087 Videoboard Installation 735697 Poll Sound 4026 So Main St Salt Lake City UT 84107 Stadium Speaker Project 636886 Engineered Structures Inc 2200 S Cobalt Point Way Meridian ID 83642 Construction Management Building 553548 Hollman Inc 1825 W Walnut Hill Lane 110 Irving TX 75038 Locker Installation Project 399938 Zuri Group 1146 19th St NW Suite 600 Washington DC 20036 Organizational Assessment 217190 9 721128 59475371 2813474 60196499 Program Income 611710 11032778 11032778 Membership Dues 611710 37891 37891 11070669 8455006 -4057 8459063 56879383 52122317 4757066 4757066 4757066 205163 721128 265670 -60507 -60507 84418733 11070669 -4057 13155622 34656222 34656222 7092411 7092411 1143615 677058 466557 2576389 2576389 1024719 1024719 15344 15344 35295 35295 36500 36500 661771 5885 655886 524382 138339 386043 96597 435 96162 350117 185501 164616 729277 729277 87725 2127 85598 2199 2199 30000 30000 28208 9714 18494 Dues & Subscriptions 239583 239583 Printing & Publications 68305 68305 162725 13082 60352 89291 49561384 42135915 3268513 4156956 200 200 2112685 1932307 14787915 19684897 711046 0 6186470 711046 173361628 213980212 61307795 72204830 4311311 4530614 262068004 313044106 6850057 7163617 1731715 2845593 2578924 2651419 3000000 3000000 360665 245444 14521361 15906073 X 13652330 18123967 233894313 279014066 247546643 297138033 262068004 313044106 X 34857349 15617675 -883634 X 0 1 X 1 0 X 21407924 26262534 27580909 27728775 60196499 163176641 114101 58377 59704 59704 7941573 8233459 21522025 26320911 27640613 27788479 68138072 171410100 25575789 145834311 4196466 5111896 5456294 6743471 8459063 29967190 236 236 201377526 39435990 0.72420 0.77690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 169683066 9257856 21408091 6503524 325045 193520444 148484142 11427025 15858694 5788638 298157 169683066 141244056 5809106 7032033 5046273 288088 148750834 161428837 7551653 -23553134 4141138 42162 141244056 121190583 9736915 34754899 3803058 450502 161428837 0.03889 0.75983 0.20128 0 0 711046 711046 711046 International Equity Funds 65205270 F Private Equity Investments 602438 F Partnership Investments 6397122 F 72204830 Interest Payable 15000 Scholarship Payable 230444 245444 X 107737606 15617675 7941573 -181000 23378248 84359358 325045 -265670 59375 84418733 58146216 7941573 968304 8909877 49236339 325045 325045 49561384 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. In 2023, the beginning of year balance was updated to reflect the accurate value of the endowment funds. Part X, Line 2: The Foundation believes that it has appropriate support for 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: Change in split interest trusts reported with revenue for FS -181,000. Part XI, Line 4b - Other Adjustments: Special event expense reported with revenue for tax purposes. -265,670. Part XII, Line 2d - Other Adjustments: Special event expense reported with revenue for tax purposes. 265,670. Uncollectable promises to give 702,634. Central America and the Caribbean 0 0 Investment 436000 0 0 0 0 0 0 436000 0 436000 0 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. Transfers of capital were all under the $100,000 threshold so Form 926 is not required. COBE Golf Tournament 110171 76868 33303 300 18453 10720 5698 BAA/Alumni Auction & Gala 816120 644260 171860 18831 90319 29818 20241 71290 926291 721128 205163 300 37284 101039 35516 20241 71290 265670 -60507 1 Bronco Athletic Association Inc 1910 University Drive Boise ID 83725 826026578 501(c)(3) 5330786 0 Support of athletic programs and student athletes Boise State University Alumni Association Inc 1910 University Drive Boise ID 83725 820289531 501(c)(3) 579647 0 Support of development and advancement of Boise State University Boise State University 1910 University Drive Boise ID 83725 820290701 State of Idaho 28745789 0 Support of academic, athletic, and administrative departments. 3 0 Scholarships 1560 7092411 Part I, Line 2: The Foundation processes gifts and distributes funds to the University, including scholarship payments. These distributions may be made directly by the Foundation or through distributions from the Bronco Athletic Association and the Boise State University Alumni Association. All distributions are made in accordance with applicable fund agreements in accordance with donor directive and intent. The Foundation maintains internal controls to safeguard assets and, in coordination with the University, helps ensure that funds, including scholarships, are used in compliance with donor requirements. Form 990, Schedule I, Part III Information on the number of academic scholarship recipients is provided by the University scholarship database. Information on the number of athletic scholarship recipients is provided by the athletic compliance team. X 0 0 0 0 0 0 0 0 0 Matthew Ewing Left 1024 Chief Executive Officer 339671 0 0 0 0 0 33522 0 12955 0 386148 0 0 0 Argia Beristain From 1124 Interim CEO; Chief Executive Officer 225875 0 0 0 0 0 24802 0 14688 0 265365 0 0 0 Paul Powell Chief Financial Officer 209467 0 0 0 0 0 22883 0 14658 0 247008 0 0 0 Joseph Boeke Left 1224 AVP, Advancement Services 206242 0 0 0 0 0 20246 0 13384 0 239872 0 0 0 David Johnston AVP, Alumni & Constituent Engagement 182916 0 0 0 0 0 20689 0 14530 0 218135 0 0 0 Jennifer Neil Executive Director, Development 146784 0 0 0 0 0 15797 0 14241 0 176822 0 0 0 Catherine Didion Exec Dir Corporate & Foundation Partnerships 124839 0 0 0 0 0 13503 0 14106 0 152448 0 0 0 Form 990, Schedule J, Part II: Boise State University, an unrelated organization for tax purposes, provides payroll processing and reporting services for employees that are contractually loaned to the Foundation, including officers, key employees, and highly compensated employees. Schedule J, Part II and Form 990, Part VII report total calendar year compensation and benefits for services provided to the Foundation. Loaned Employee compensation and benefits are reported on Form 990, Part IX, net of reciprocal service charges between the Foundation and BSU. X 86 2741727 Avg High/Low X Food 1 71747 Fair Market Value 0 0 1 0 Part I, Column (b): Column (b) reflects number of contributions received during the year. Form 990, Part VI, Section A, line 1a The governing body of the organization delegates authority to act on its behalf to the Executive Committee. The Executive Committee includes the Immediate Past Chair, Executive Chair, Executive Vice Chair, Secretary, Treasurer, the University President, all Committee Chairs, and up to three (3) At Large positions to be filled by Directors appointed by the Board to serve for one (1) year as needed. 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 A, line 4 In February of 2025, the bylaws were modified to reflect the integration of University Advancement with the Foundation. Primarily these changes included updates to the officer structure providing for a CEO, further defined relationship with and role of ex-officio members, and modified committee makeup. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Foundation staff prior to being provided to the Finance and Audit Committee. The Finance and 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 15 The CEO, CFO, and Key Employees are employees of Boise State University who are loaned to the Foundation and are 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. Form 990, Part XI, line 9: Change in split interest trusts -181,000. Uncollectable Pledges -702,634. 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 (4) Distributions for Scholarship Awards ID N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 The Edmund E and Alice R Palmatier Charitable Trust S 88497 FMV