Form 990 for tax year 2023
Filed by COLLEGE OF IDAHO SECOND CENTURY FD-TR A A CHARITABLE ED TR 112087.
Totals
- Total revenue
- $229,987
- Total expenses
- $662,930
- Contributions and grants received
- $0
- Grants paid
- $643,326
- Program service revenue
- $0
- Investment income
- $229,987
- Other revenue
- $0
- Total assets, end of year
- $11,353,097
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $11,353,097
- Program services expenses (Part IX)
- $643,326
- Management and general expenses
- $19,604
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $643,326
Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $90,677 · excluded $90,677
-
7a · Gross sales of assets other than inventory
securities $574,949
-
7b · Less cost or other basis and sales expenses
securities $435,639
-
7c · Gain or loss
securities $139,310
-
7d · Net gain or loss
total $139,310 · excluded $139,310
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $643,326 · program services $643,326
-
11f · Fees: investment management
total $19,604 · management and general $19,604
Balance sheet
Part X, book values.
-
11 · Investments: publicly traded securities
beginning of year $10,889,386 · end of year $11,353,097
-
28 · Net assets with donor restrictions
beginning of year $10,889,386 · end of year $11,353,097
Mission and programs · 2023
Mission
The College of Idaho 2nd Century Fund Trust A is a charitable educational trust where the income that is generated is distributed to The College of Idaho for budgeted expenses necessary for the College to fulfill its purpose as an institution of higher learning.
Activities or mission (Part I)
A charitable educational trust that distributes its income to the College of Idaho.
-
The Trust supports the general operating costs of The College of Idaho, including salaries and benefits, various other academic departmental operating cost, and maintenance and improvements to campus facilities.
Expenses $643,326 · Grants $643,326
As filed on the 2023 return.
Listed in Part VII
-
Jen Sampson
Chair
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Alan Moore
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Candy Dale
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Ken Wagers
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Michael Pearson
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Pamela Decoste
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Ray Marshall
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Richard W Erne
VP Finance & Administration
- Total calculated
- $194,393
- From this org
- $0
- From related orgs
- $180,102
- Other
- $14,291
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $180,102 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $12,655 related
- Nontaxable benefits
- $0 + $1,891 related
- Filer's total
- $0 + $194,648 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3
- The Organization relied on a Related Organization, The College of Idaho, in establishing compensation for Richard Erne, VP Finance & Administration.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$643,326
General Support
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Higher Education · ID
-
The College of Idaho 2nd Century Trust Fund B
501(c)(3) · Trust · ID
Directly controlled by The College of Idaho
-
501(c)(3) · Investment Management · ID
Directly controlled by The College of Idaho
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Charitable Remainder Trust (1)
T · Investment Management · ID
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500709349301535
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