2025-05-01T11:25:29-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 826010706 Boise State University Foundation Inc BOIS 2084263822 1173 University Drive Boise ID 83706 Paul Powell Executive Director 2084263822 2025-04-25 1 1 Kim Hunwardsen CPA P00484560 6122536500 2025-04-21 2023 2025-03-06 01:10:19Z Paul Powell 1173 University Drive Boise ID 83706 71337449 0 X https://giving.boisestate.edu/about/foundation/ X 1964 ID To inspire, generate, and prudently manage private support for Boise State University. 31 31 0 39 -2634 0 28317671 28431409 8350972 9527350 3573986 8817568 -100521 -4540 40142108 46771787 20995704 29662119 0 0 2891735 3786895 0 0 4147333 2294927 2640815 26182366 36089829 13959742 10681958 234026085 262068004 9630203 14521361 224395882 247546643 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 18232400 18001337 9527350 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, 2024 include the continued support for all academic colleges, computer science and Engineering, STEM, Health Sciences, research in public policy, education, Arts and Sciences, College of Innovation and Design, and Athletics other various support programs at Boise State University. 7074166 7074166 The Foundation administers 1094 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, 2024, the Foundation distributed 2,500 scholarship awards to 1,700 recipients. 4586616 4586616 The Foundation provides support services for both the Bronco Athletic Association and the BSU 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. 29893182 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 X 22 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 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 Chair 1.00 X X 0 0 0 Bruce Mohr Vice Chair 1.00 X X 0 0 0 Glen Walker Treasurer, Finance & Audit Chair 1.00 X X 0 0 0 Rick Pedigo Secretary 1.00 X X 0 0 0 Randy Hales Director 1.00 X 0 0 0 Mike Mers Director 1.00 X 0 0 0 Kimberly Welsh Director 1.00 X 0 0 0 David Wali 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 Holli Woodings Director - until Sep 2023 1.00 X 0 0 0 Ted Epperly Director 1.00 X 0 0 0 Odette Bolano Director - until Dec 2023 1.00 X 0 0 0 Mike 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 Korey Hall 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 Brian Yeargain Director 1.00 X 0 0 0 Brandy Stemmler Director 1.00 X 0 0 0 Allen Dykman Director 1.00 X 0 0 0 Chuck Hallett Director - until Feb 2024 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 Wolf Director 1.00 X 0 0 0 Richelle Sugiyama Director 1.00 X 0 0 0 Paul Powell Executive Director 40.00 X 195083 0 34376 195083 0 34376 0 0 0 1 Poll Sound 4026 So Main St Salt Lake City UT 84107 Acoustics for Football Stadium 842999 Tri-State Electric 7790 Mossy Cup Boise ID 83709 Electrical Conractor 526295 Platt PO Box 418759 Boston MA 022418759 Electrical Conractor 491680 3 56903 28374506 4807810 28431409 Program Income 611710 9484757 9484757 Membership Dues 611710 42593 42593 9527350 6743471 -2634 6746105 26602869 24528772 2074097 2074097 2074097 32350 56903 36890 -4540 -4540 46771787 9527350 -2634 8815662 22587953 22587953 7074166 7074166 246134 246134 2726286 233247 2493039 272652 29766 242886 258738 28247 230491 283085 30905 252180 36726 36726 41205 990 40215 549066 549066 233353 31616 201737 2973 1200 1773 110624 71357 39267 541599 541599 9216 9216 8819 8819 30000 30000 21483 9743 11740 Dues & Subscriptions 29767 29767 1025984 77338 19909 928737 36089829 29893182 2049314 4147333 200 200 3406402 2112685 14386004 14787915 6186470 0 5459602 6186470 151851828 173361628 54979709 61307795 3942340 4311311 234026085 262068004 1528960 6850057 1690853 1731715 2934504 2578924 3000000 3000000 475886 360665 9630203 14521361 X 11230792 13652330 213165090 233894313 224395882 247546643 234026085 262068004 X 10681958 12799485 -330682 X 0 1 X 1 0 X 12035722 21407924 26262534 27580909 28431409 115718498 114101 114101 58377 59704 59704 405987 12149823 21522025 26320911 27640613 28491113 116124485 5721353 110403132 4477848 4196466 5111896 5456294 6743471 25985975 236 236 142110696 34628102 0.77690 0.77840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 148484142 11427025 15858694 5788638 298157 169683066 141244056 5809106 7032033 5046273 288088 148750834 161428837 7551653 -23553134 4141138 42162 141244056 121190583 9736915 34754899 3803058 450502 161428837 122100167 5160728 -844040 3594113 1632159 121190583 0.04232 0.81188 0.14580 0 0 6186470 6186470 6186470 International Equity Funds 54557392 F Private Equity Investments 673107 F Partnership Investments 6077296 F 61307795 Interest Payable 15000 Scholarship Payable 345665 360665 X 59618344 12799485 59704 248635 13107824 46510520 298157 -36890 261267 46771787 36467583 59704 616207 675911 35791672 298157 298157 36089829 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 248,635. Part XI, Line 4b - Other Adjustments: Special event expense reported with revenue for tax purposes. -36,890. Part XII, Line 2d - Other Adjustments: Special event expense reported with revenue for tax purposes. 36,890. Uncollectable promises to give 579,317. Central America and the Caribbean 0 0 Investment 441000 0 0 0 0 0 0 441000 0 441000 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 89253 56903 32350 300 15887 9889 6275 4539 89253 56903 32350 300 15887 9889 6275 4539 36890 -4540 1 Bronco Athletic Association Inc 1910 University Drive Boise ID 83725 826026578 501(c)(3) 4163954 0 Support of athletic programs and student athletes Boise State University Alumni Association Inc 1910 University Drive Boise ID 83725 820289531 501(c)(3) 376327 0 Support of development and advancement of Boise State University Boise State University 1910 University Drive Boise ID 83725 820290701 State of Idaho 18047672 0 Support of academic, athletic, and administrative departments. 3 0 Scholarships 1700 7074166 Part I, Line 2: Payment for Foundation scholarships go to Boise State University. These distributions are made from the Foundation or through distributions from Bronco Athletic Association and Boise State University Alumni Association. The Foundation relies on the University's record keeping to make sure the scholarships and payments conform to their 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. 0 0 0 0 0 0 0 0 0 Paul Powell Executive Director 195083 0 0 0 0 0 21147 0 14586 0 230816 0 0 0 Form 990, Schedule J, Part II: The Executive Director is an employee of Boise State University, an unrelated organization. The Executive Director received compensation from Boise State University for services provided to the Foundation. The calendar year 2023 compensation is reported in Schedule J Part II and Form 990 Part VII. X 68 4737856 Avg High/Low X Food 1 69953 Fair Market Value 0 0 1 0 Part I, Column (b): Column (b) reflects number of contributions received during the year. Form 990, Part V, Lines 2a/2b & Part IX, Lines 5-10: All Foundation employees are employed by Boise State University. The Foundation reports zero Form W-2s filed because the University handles all related payroll filings. The Foundation reports salary, benefits and payroll tax expense in functional expenses because the Foundation reimburses the University for these expenses. 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 consists of the Chair, Vice Chair, Secretary, Treasurer, Immediate Past Chair, and the Chairs of the following Board committees: Audit; Governance; Real Estate; Investment; and, Scholarship. All members of the Executive Committee are voting Directors. 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 B, line 11b The Form 990 is reviewed by the Foundation staff prior to being provided to the Audit Committee. The 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 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 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 248,635. Uncollectible Pledges -579,317. 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 90873 FMV