2026-05-04T13:01:22-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 826013543 Idaho State University Foundation Inc IDAH 2082823470 921 South 8th Avenue Stop 8050 Pocatello ID 83209 Arlo Luke Treasurer 2082823470 2026-04-28 1 1 Kim Hunwardsen CPA P00484560 6122536500 2026-04-28 2024 2025-03-06 01:10:19Z Arlo Luke 921 South 8th Avenue Stop 8050 Pocatello ID 83209 38752199 0 X WWW.ISU.EDU/Foundation X 1967 ID To solicit, hold and manage donations for Idaho State University. 21 21 0 29 76247 0 19915698 15440450 1609961 1609896 4719611 7198114 0 0 26245270 24248460 14065185 18632670 0 0 0 0 0 0 866874 3047865 4732242 17113050 23364912 9132220 883548 140515899 147877649 5726013 7008288 134789886 140869361 X The mission of the Foundation is to stimulate voluntary private support from alumni, parents, friends, corporations, foundations, and others for the benefit of the University and its students. 0 0 19291844 18632670 1609896 The Idaho State University Foundation, Inc. (the Foundation) was formed in March 1967. The Foundation is a not-for-profit corporation incorporated in accordance with the laws of the State of Idaho and is managed by a volunteer Board of Directors. Under the Idaho State Board of Education's administrative rules the Foundation must be independent of, and cannot be controlled by, Idaho State University (the University). Operating and services agreements between the Foundation and the University define the relationship between the two entities in accordance with the State Board of Education's rules. The mission of the Foundation is accomplished by focusing on two primary service areas. (Continued on Schedule O)Academic, development and program support:The Foundation supports private individuals and organizations in contributing to the University programs and projects that are meaningful to the donor and important to the University. The Foundation provides assurance that contributions will be received, distributed and used in the manner the donor intended. The donated resources provide additional opportunities for students and promote a degree of institutional excellence unavailable with state funding levels.Endowment and private resource management:The Foundation manages the endowment and other privately donated funds received for the benefit of the University and its programs. Management of these resources includes selection of investment advisors, establishing investment targets and allocations, enhancing returns invested funds and managing cash flows to meet the spending needs of the University from endowment and other funds. 19291844 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AR CA HI KY MD MI MN NH NJ NY OR SC TN VA WV WI X X Stephanie Smith 2082823470 921 S 8th Ave Stop 8050 Pocatello ID 832098050 X Beena Mannan Chair 6.00 X X 0 0 0 Steve Rice Vice Chair 2.00 X X 0 0 0 Crystal Allen Secretary 2.00 X X 0 0 0 John Kent Past Chair 2.00 X X 0 0 0 AJ Balukoff Left 1024 Board Member 1.00 X 0 0 0 Alan Stanek Left 1024 Board Member 1.00 X 0 0 0 Arturo Beery Board Member 3.00 X 0 0 0 Bill McNabb Left 1024 Board Member 0.50 X 0 0 0 Charis Lau From 0425 Board Member 1.00 X 0 0 0 Douglas Chambers From 1024 Board Member 1.00 X 0 0 0 Gina Briggs From 0425 Board Member 1.00 X 0 0 0 Jake Erikson Board Member 1.00 X 0 0 0 Jayson Ronk From 0425 Board Member 0.50 X 0 0 0 Joel Phillips Board Member 1.00 X 0 0 0 Marc McDonald Board Member 5.00 X 0 0 0 Michael Watson Board Member 1.00 X 0 0 0 Mike Byrne Lifetime Board Member 3.00 X 0 0 0 Shelly Sayer Board Member 1.00 X 0 0 0 Stephen Beckley Left 1224 Board Member 1.00 X 0 0 0 Steven Skaggs Board Member 2.00 X 0 0 0 Susan Campbell Board Member 3.00 X 0 0 0 Troy Bell Left 1024 Board Member 1.50 X 0 0 0 Williams Eames Left 0125 Lifetime Board Member 1.00 X 0 0 0 Zakery Warren Board Member 1.00 X 0 0 0 Ronald Bollinger From 1024 Board Member 0.50 X 0 0 0 Travis Quast From 1024 Board Member 0.50 X 0 0 0 Trisa Clemons From 1024 Board Member 2.00 X 0 0 0 Stephanie Smith From 0125 Executive Vice President 10.00 X 0 0 0 Catherine Wooton Left 0724 Executive Vice President 6.00 X 40698 0 13331 Arlo Luke Treasurer 2.00 X 0 0 0 40698 0 13331 0 0 0 1 SEI 1 Freedom Valley Drive Oaks PA 19456 Investment Management 483729 EA Global Inc PO Box 603519 Charlotte NC 282603519 Consulting Services 145693 2 15440450 723099 15440450 Management Fee 541610 1120075 1120075 Gift Fee Income 900099 489821 489821 1609896 7216507 76247 7140260 14485346 14503739 -18393 -18393 -18393 24248460 1609896 76247 7121867 18632670 18632670 1119660 1119660 75752 75752 599586 599586 1071343 100 1034570 36673 548245 354008 4237 190000 190568 118693 51481 20394 1475 1475 78996 78996 62010 13130 48880 Gift Fee 570927 570927 Bad Debt Expense 197500 197500 Payments Under Planned 186373 186373 Income Tax Expense 2796 2796 27011 27011 23364912 19291844 3206194 866874 1457561 3639864 16124269 19599150 123200 37714 325993 341384 205793 0 205793 205793 2803027 188198 119310620 123695440 165436 170106 140515899 147877649 3746374 3582281 0 1763750 1316253 1384895 663386 277362 5726013 7008288 X 4889829 7817568 129900057 133051793 134789886 140869361 140515899 147877649 X 883548 5246725 -50798 X 0 1 X 1 0 X 9955896 29661916 21848702 19660988 15440450 96567952 158160 129402 113705 118882 139081 659230 10114056 29791318 21962407 19779870 15579531 97227182 25923302 71303880 1969232 6278848 3538102 4641983 7140260 23568425 16645 44053 60698 120856305 13629572 0.59000 0.61390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 100217964 8335428 9208168 4136961 597394 113027205 86222690 9832049 8086399 3449136 474038 100217964 88703400 -1769844 3077958 3331559 457265 86222690 75070367 19139940 -1414637 3671487 420783 88703400 58999191 2283046 17972319 3793961 390228 75070367 0.00000 0.60906 0.39094 0 0 205793 205793 205793 Real Estate Funds 118498 F Bond Funds 39539219 F Equity Funds 80368660 F Real Asset Funds 3669063 F 123695440 Obligations to Beneficiaries Under Split-Interest Agreements 277362 277362 X 28981086 5246725 139081 -53594 5332212 23648874 599586 599586 24248460 22901611 139081 139081 22762530 599586 2796 602382 23364912 Part IV, Line 2b: The Pullen-Grey Foundation and the Bengal Athletic Boosters transferred certain assets to the Foundation for investment and management, these amounts are included in the amount of funds held in custody for others. Interest and fees on investments are allocated accordingly to the respective investments. Part V, Line 4: The Foundation's endowment consists of over 800 individual funds established for a variety of purposes. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based upon the existence or absence of donor-imposed restrictions. Part X, Line 2: The Foundation has appropriate support for any 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 will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. Part XI, Line 2d - Other Adjustments: Income tax expense reported in revenue on F/S -2,796. Chg in value of split-interest and life insur reported in revenue on F/S -50,798. Part XII, Line 4b - Other Adjustments: Income tax expense reported in revenue on F/S 2,796. Central America and the Caribbean 0 0 Investment 13595000 0 0 0 0 0 0 13595000 0 13595000 1 0 1 1 1 0 Schedule F, Part IV: The Foundation reviews its direct and indirect investments during the tax period for determining required foreign filings. The Foundation makes direct and indirect transfers to foreign corporations and foreign partnerships. The Foundation would file Form 926 or Form 8865 if the transfers met the requirements for filing. The Foundation's transfers to foreign corporations did require filing Form 926. The Foundation's transfers to foreign partnerships did not require filing Form 8865. The Foundation has ownership interests in foreign corporations and foreign partnerships. The Foundation would file Form 5471 or Form 8865 if the ownership met the requirements for filing. The Foundation's ownership in foreign corporations did not require filing Form 5471. The Foundation's ownership in foreign partnerships did not require filing Form 8865. The Foundation invests in partnerships that hold direct or indirect interests in passive foreign investment companies (PFICs). The Foundation would file Form 8621s for underlying investments that generate unrelated business income. The Foundation would not file Form 8621s where the investment partnerships have properly filed Form 8621s, or where the underlying investments did not generate any unrelated business income. The Foundation did not require filing Form 8621. 1 Idaho State University 921 S 8th Avenue Pocatello ID 83209 826000924 State of Idaho 18557670 0 Academic, athletic, and general support for the University Idaho College of Osteopathic Medicine LLC 1311 E Central Drive Meridian ID 836427991 811715706 75000 0 Scholarships 1 1 Part I, Line 2: Grants and scholarships are given to Idaho State University in furtherance of the Foundation's exempt purpose. Every endowment at the Foundation has a term and condition clause which is passed on to the appropriate university office which disburses the funds. Every year the Foundation is audited and these terms are reviewed for compliance. ISUF holds a scholarship endowment for ICOM. The scholarships are awarded based on established criteria, reviewed with ISU Development staff, and then amount awarded is paid to ICOM from the spendable portion of its endowment. ICOM posts the awards to the individual student accounts. Grants are not made to individuals by the Foundation. 0 0 0 0 0 0 0 0 0 Form 990, Part VII, Section A, Line 5: Idaho State University ("ISU"), an unrelated organization for tax purposes, paid compensation of $40,698 and benefits of $8,693 to Catherine Wooton for services provided to the Foundation as Executive Vice President for the calendar year. Stephanie Smith began service as Executive Vice President in January 2025 and did not receive any compensation or benefits during the 2024 calendar year to report on Form 990, Part VII. The Foundation's portion for the fiscal year, including compensation and benefits of $16,685 for Stephanie Smith, is reported as contributed services provided by ISU, an unrelated organization for tax purposes. X 14005 FMV X 5 37827 FMV X 31 668851 FMV X Materials & Supplies 4 2416 FMV 28 0 1 1 Part I, Column (b): Column (b) represents the number of items contributed during the tax year. Part I, Line 32b: Idaho State University Foundation hires realtors or other certified appraisers to appraise/sell property. All stock contributions are received by an investment company and immediately sold and the cash deposited into the ISUF bank account. Form 990, Part VI, Section A, line 1a ISUF has an Executive Committee composed of the elected officers of the Foundation Board and the Board Executive Vice President (non-voting) and two additional board members. The committee caries out specific directives of the board, acts on behalf of the board in between board meetings, with the responsibility to report significant acts to the board for ratification. Form 990, Part VI, Section A, line 1a The Executive Vice President and Treasurer serve as ex-officio members and do not have voting rights. Form 990, Part VI, Section B, line 11b The accounting department and audit committee chair will perform detailed reviews of the 990. Then it will be sent to the Board of Directors via email and we will request that any questions be sent to the accounting department. The Audit Committee will also review and approve the 990 prior to submission to the IRS. Once approved, a signed public disclosure copy will be available on the ISU Foundation website. Form 990, Part VI, Section B, line 12c All directors, officers, Board Committee members and staff members are covered by the organization's conflict of interest policy. Each individual has a duty to disclose to the Board the existence of a conflict of interest. Conflicts of interest are first reviewed by the executive committee and then brought to the full board for resolution. Any persons with a conflict of interest are required to recuse themselves from the discussion and vote on the issue. Form 990, Part VI, Section B, line 15 All foundation employees are employees of the State of Idaho and thus, compensation is determined by state guidelines and compensation studies. The Foundation does not pay any employees directly. The organization's board does not have a direct role in the determination of compensation. Form 990, Part VI, Section C, line 19 Idaho State University Foundation documents are available to the public via the organization's website and upon request. Form 990, Part VII, Column F: The Organization participates in the Public Employee Retirement System of Idaho, a defined benefit plan, due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. The amount included in column F for deferred compensation includes the actual contributions to the plan, but does not include any amount for a reasonable estimate of the increase in actuarial value. Form 990, Part XI, line 9: Net change in value of split-interest agreements and life insurance -50,798. Charitable Remainder Trusts (6) SUPPORT FOR IDAHO STATE UNIVERSITY ID N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0