2025-12-12T17:46:34-06:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-07-01 854329439 UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC UNIV 2088851344 875 PERIMETER DRIVE MS 3166 MOSCOW ID 838443166 BRIAN FOISY SECRETARY 2088851344 2025-12-12 1 1 MAGGIE ELLIOTT P01790721 5032421447 2025-12-12 2024 2025-03-06 01:10:19Z BRIAN FOISY 875 PERIMETER DRIVE MS 3166 MOSCOW ID 838443166 316911438 0 X N/A X 2020 ID SIF IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF IDAHO. 4 3 0 3 0 0 0 0 0 0 2989293 15100025 0 0 2989293 15100025 12282334 10916446 0 0 0 0 0 0 0 127179 287079 12409513 11203525 -9420220 3896500 164521330 167157974 3566 142361166 164517764 24796808 X THE PURPOSE AND MISSION OF THE UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC (SIF) IS TO SUPPORT AND ASSIST THE UNIVERSITY OF IDAHO IN ITS ACTIVITIES THROUGH THE INVESTMENT, MANAGEMENT AND ADMINISTRATION OF FUNDS DEPOSITED WITH THE CORPORATION FROM THE UNIVERSITY. THE CORPORATION RECEIVES AND EVALUATES REQUESTS FROM THE UNIVERSITY FOR GRANTS IN AID TO SUPPORT KEY UNIVERSITY GOALS AND OBJECTIVES. 0 0 10916446 10916446 UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC SUPPORTING ORGANIZATION IS RESTRICTED TO ONLY MAKING GRANTS TO THE UNIVERSITY OF IDAHO, TAX EXEMPT ORGANIZATION, UNDER THE ARTICLES OF INCORPORATION. 10916446 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 ID X BRIAN FOISY 2088852719 875 PERIMETER DRIVE MS 3166 MOSCOW ID 838443166 SHAWN KEOUGH PRESIDENT 1.00 X X 0 0 0 LORI MCCAN TREASURER 1.00 X X 0 0 0 LINDA COPPLE TROUT DIRECTOR 1.00 X X 0 0 0 BRIAN FOISY SECRETARY 1.00 40.00 X 0 318892 15852 0 318892 15852 0 0 1 0 0 4279598 4279598 312631840 301811413 10820427 10820427 10820427 15100025 0 0 15100025 10916446 10916446 133504 133504 10500 10500 89173 89173 250 250 53652 53652 11203525 10916446 287079 0 415448 289020 4201329 5306608 159904553 161562346 164521330 167157974 3566 21393 0 142339773 3566 142361166 X 164517764 24796808 164517764 24796808 164521330 167157974 X 3896500 -1277683 -142339773 X X 0 1 X 1 0 X X 1 REGENTS OF THE UNIVERSITY OF IDAHO 826000945 6 1 10916446 0 1 10916446 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 DUE TO THE UNIVERSITY OF IDAHO 142339773 142339773 PART X, LINE 2 THE UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND (SIF) IS AN IDAHO NON-PROFIT CORPORATION ESTABLISHED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, FOR THE BENEFIT OF THE UNIVERSITY OF IDAHO. 1 REGENTS OF THE UNIVERSITY OF IDAHO PO BOX 443166 MOSCOW ID 838443166 826000945 STATE OF IDAHO 10916446 0 ACTIVITIES OF THE UNIVERSITY OF IDAHO 1 0 PART I, LINE 2: THE BOARD OF DIRECTORS APPROVES GRANTS TO THE REGENTS OF THE UNIVERSITY OF IDAHO BASED ON PROGRAM AND CAPITAL SUPPORT NEEDS. PAYMENTS ARE MADE DIRECTLY TO OR ON BEHALF OF THE UNIVERSITY BASED ON THOSE NEEDS. THE BOARD OF DIRECTORS OVERSEE THE AWARDING PROCESS AND SUBSEQUENT MONITORING. 0 0 0 0 0 0 0 0 0 BRIAN FOISY SECRETARY 0 318892 0 0 0 0 0 0 0 15852 0 334744 0 0 FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE DECEMBER 18, 2024, UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC (THE "CORPORATION") WAS RESTRUCTURED. THE ORIGINAL BYLAWS AS WELL AS ORIGINALLY FILED ARTICLES OF INCORPORATION WERE AMENDED AND RESTATED. THE RESTATED ARTICLES AND RESTATED BYLAWS PROVIDED FOR THE GOVERNANCE OF THE CORPORATION TO BE RESTRUCTURED, AS FOLLOWS: I) ELIMINATION OF THE PRESIDENT OF THE UNIVERSITY OF IDAHO AS THE SOLE "MEMBER" OF THE CORPORATION; II) DESIGNATION OF ONE DIRECTOR AS THE PRESIDENT OF THE REGENTS OR HIS/HER DESIGNEE; III) DESIGNATION OF ONE DIRECTOR BY THE FOUNDATION; AND IV) APPOINTMENT OF A THIRD DIRECTOR BY THE OTHER TWO DIRECTORS. IN ADDITION, PRIOR TO RESTRUCTURE, THE CORPORATION WAS REPORTED AS A BLENDED COMPONENT UNIT OF THE UNIVERSITY - THE "DUE TO / DUE FROM" BALANCES RELATED TO THE FUNDS BETWEEN UNIVERSITY AND THE CORPORATION WERE ELIMINATED DURING FINANCIAL STATEMENT CONSOLIDATION BECAUSE THEY REPRESENTED INTRA-ENTITY ACTIVITY; HOWEVER, FOLLOWING THE RESTRUCTURING THE "DUE FROM" ON UNIVERSITY'S FINANCIALS AND THE CORRESPONDING "DUE TO" ON THE CORPORATION'S FINANCIALS MUST BE SHOWN AS A RECEIVABLE OF THE UNIVERSITY AND A PAYABLE OF THE CORPORATION IN ORDER FOR THE UNIVERSITY TO CONTINUE TO INCLUDE THE FUNDS AS AN ASSET OF THE UNIVERSITY CONTRIBUTING TO THE UNIVERSITY'S NET FINANCIAL POSITION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE POWER TO APPOINT DIRECTORS TO FILL VACANCIES ON THE BOARD. THE MEMBERS ALSO HAVE THE RIGHT TO APPOINT ONE OF THE DIRECTORS FROM OUTSIDE THE UNIVERSITY OF IDAHO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED INTERNALLY BY ALL THE BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE REVIEW OF THE CONFLICT OF INTEREST POLICY IS REQUIRED ANNUALLY ALONG WITH ATTESTATION OF EACH BOARD MEMBER. ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR OR OFFICER SHALL BE DISCLOSED TO THE BOARD OF DIRECTORS AND MADE A MATTER OF RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES RELEVANT TO ANY MATTER BEFORE THE BOARD. ANY DIRECTOR HAVING A POSSIBLE CONFLICT OF INTEREST REGARDING A MATTER BEFORE THE BOARD OF DIRECTORS SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FUND BALANCE RESTATEMENT -142,339,773. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS ARE AUDITED ON A CONSOLIDATED BASIS BY AN INDEPENDENT ACCOUNTANT. THE AUDIT COMMITTEE OVERSEES THE AUDIT FOR BOTH THE REGENTS OF THE UNIVERSITY OF IDAHO AND UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC. REGENTS OF THE UNIVERSITY OF IDAHO PO BOX 443166 MOSCOW ID 838443166 826000945 EDUCATION ID 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 REGENTS OF THE UNIVERSITY OF IDAHO B 10916446 PER AGREEMENT