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Nonprofiteer
← THE COLLEGE OF IDAHO INC

Form 990 for tax year 2022

Filed by THE COLLEGE OF IDAHO INC.

Totals

Total revenue
$75,375,385
Total expenses
$66,654,960
Contributions and grants received
$21,486,439
Grants paid
$27,960,220
Program service revenue
$45,723,635
Investment income
$8,026,793
Other revenue
$138,518
Total assets, end of year
$179,005,322
Total liabilities, end of year
$24,761,507
Net assets or fund balances, end of year
$154,243,815
Program services expenses (Part IX)
$59,188,205
Management and general expenses
$6,712,822
Fundraising expenses
$753,933
Program service expenses (Part III)
$59,188,205

Program services were 88.8% 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.

  • 1c · Fundraising events

    $745,495

  • 1d · Related organizations

    $654,502

  • 1e · Government grants (contributions)

    $315,774

  • 1f · All other contributions, gifts and grants

    $19,770,668

  • 1g · Noncash contributions included above

    $8,490,228

  • 2a · Program service revenue: Tuition and Fees

    total $36,812,024 · related or exempt $36,812,024

  • 2b · Program service revenue: Room and Board

    total $7,854,408 · related or exempt $7,853,780 · unrelated business $628

  • 2c · Program service revenue: Athletics

    total $836,175 · related or exempt $836,175

  • 2d · Program service revenue: Academics

    total $53,188 · related or exempt $53,188

  • 2f · All other program service revenue

    total $167,840 · related or exempt $167,840

  • 3 · Investment income

    total $754,287 · excluded $754,287

  • 7a · Gross sales of assets other than inventory

    securities $37,799,348

  • 7b · Less cost or other basis and sales expenses

    securities $30,485,203 · other assets $41,639

  • 7c · Gain or loss

    securities $7,314,145 · other assets -$41,639

  • 7d · Net gain or loss

    total $7,272,506 · excluded $7,272,506

  • 8a · Fundraising events: gross income

    $250,645

  • 8a · Fundraising events: contributions included on line 1c

    $745,495

  • 8b · Fundraising events: direct expenses

    $157,674

  • 8c · Net income from fundraising events

    total $92,971 · excluded $92,971

  • 9a · Gaming: gross income

    $57,825

  • 9b · Gaming: direct expenses

    $12,278

  • 9c · Net income from gaming

    total $45,547 · excluded $45,547

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $27,960,220 · program services $27,960,220

  • 5 · Compensation of officers, directors and key employees

    total $1,656,437 · program services $239,475 · management and general $1,013,567 · fundraising $403,395

  • 7 · Other salaries and wages

    total $14,183,282 · program services $13,052,139 · management and general $921,338 · fundraising $209,805

  • 8 · Pension plan contributions

    total $710,720 · program services $668,912 · management and general $35,420 · fundraising $6,388

  • 9 · Other employee benefits

    total $2,327,727 · program services $2,035,980 · management and general $235,748 · fundraising $55,999

  • 10 · Payroll taxes

    total $1,034,471 · program services $876,564 · management and general $120,887 · fundraising $37,020

  • 11f · Fees: investment management

    total $186,389 · management and general $186,389

  • 11g · Fees: other

    total $4,849,839 · program services $4,571,515 · management and general $278,324

  • 12 · Advertising and promotion

    total $323,934 · program services $122,826 · management and general $201,108

  • 13 · Office expenses

    total $1,509,547 · program services $1,404,491 · management and general $63,730 · fundraising $41,326

  • 16 · Occupancy

    total $1,542,810 · program services $1,444,462 · management and general $98,348

  • 17 · Travel

    total $2,269,929 · program services $2,173,288 · management and general $96,641

  • 20 · Interest

    total $1,419,667 · program services $34,048 · management and general $1,385,619

  • 22 · Depreciation, depletion and amortization

    total $3,158,402 · program services $2,467,585 · management and general $690,817

  • 23 · Insurance

    total $722,806 · management and general $722,806

  • 24a · Other expenses: Subscription and Librar

    total $1,139,657 · program services $736,304 · management and general $403,353

  • 24b · Other expenses: Repairs and Maintenance

    total $1,091,052 · program services $1,020,521 · management and general $70,531

  • 24c · Other expenses: Student Organizations

    total $379,875 · program services $379,875

  • 24e · All other expenses

    total $188,196 · management and general $188,196

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,067,176 · end of year $3,183,254

  • 3 · Pledges and grants receivable

    beginning of year $3,946,313 · end of year $4,231,233

  • 4 · Accounts receivable

    beginning of year $119,121 · end of year $132,466

  • 8 · Inventories for sale or use

    beginning of year $80,743 · end of year $106,304

  • 9 · Prepaid expenses and deferred charges

    beginning of year $275,724 · end of year $658,044

  • 10a · Land, buildings and equipment: cost or other basis

    $128,718,834

  • 10b · Land, buildings and equipment: accumulated depreciation

    $51,740,783

  • 10c · Land, buildings and equipment, net

    beginning of year $76,674,939 · end of year $76,978,051

  • 11 · Investments: publicly traded securities

    beginning of year $81,039,840 · end of year $86,988,775

  • 12 · Investments: other securities

    beginning of year $6,953,804 · end of year $6,207,470

  • 13 · Investments: program-related

    beginning of year $11,839 · end of year $10,252

  • 15 · Other assets

    beginning of year $308,277 · end of year $509,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,584,800 · end of year $2,977,388

  • 19 · Deferred revenue

    beginning of year $392,562 · end of year $324,007

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,423,670 · end of year $18,969,865

  • 22 · Loans and payables to officers and key people

    beginning of year $425,000 · end of year $625,000

  • 23 · Secured mortgages and notes payable

    beginning of year $760,000 · end of year $535,000

  • 25 · Other liabilities

    beginning of year $1,885,594 · end of year $1,330,247

  • 27 · Net assets without donor restrictions

    beginning of year $70,578,549 · end of year $64,350,719

  • 28 · Net assets with donor restrictions

    beginning of year $74,427,601 · end of year $89,893,096

Mission and programs · 2022

Mission

The College of Idaho, a private, residential liberal arts college, prepares students to lead productive and fulfilling lives. We are committed to an innovative, individualized curriculum in liberal arts and professional studies, to building community, and to exercising stewardship.

Activities or mission (Part I)

Liberal arts college committed to excellence in academic instruction and scholarship.

  • Higher Education - Instructional: Provided instruction to undergraduate and graduate students (1,075 Students).

    Expenses $38,835,789 · Grants $27,960,220 · Revenue $36,979,864

  • Student Services: Student support services including but not limited to athletics, dean of students, admissions, financial aid services, and residence life.

    Expenses $11,092,904 · Revenue $836,175

  • Higher Education - Auxiliary: Provided room and board for residential students and only board for nonresidential students.

    Expenses $6,056,356 · Revenue $7,853,780

  • Higher Education - Academic Support: Academic support for students including but no limited to library, art gallery, museum, academic dean, and institutional research.

    Expenses $3,203,156 · Revenue $53,188

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jill Twedt

    Trustee Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jen Sampson

    Trustee Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Paul Street

    Trustee Secretary

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ron Thomas

    Trustee (thru 4/2023)

    Total calculated
    $0
    Hours/week
    1

  • Rick Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Garcia

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Elliott

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mary Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Pamela Decoste

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kyle Sales

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Laura Arjona

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Mertz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ali Rabe

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brandon Fitzpatrick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Candy Dale

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Coby Dennis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Doug Oppenheimer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alan Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Megan Ronk

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Megan Multanen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sue Weitz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dennis R Robertson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elaine Baylor

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paula Kluksdal

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karly Pippitt

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Amalka Samaraskera

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ken Wagers

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kate Fowler

    Trustee (Joined 07/2022)

    Total calculated
    $0
    Hours/week
    1

  • Lorenzo Olvera

    Trustee (Joined 07/2022)

    Total calculated
    $0
    Hours/week
    1

  • Michael Pearson

    Trustee (Joined 07/2022)

    Total calculated
    $0
    Hours/week
    1

  • Ray Marshall

    Trustee (Joined 07/2022)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Scott Ferguson

    Trustee (Joined 07/2022)

    Total calculated
    $0
    Hours/week
    1

  • David Douglass

    VP Academic Affairs

    Total calculated
    $238,352
    From this org
    $200,935
    From related orgs
    $0
    Other
    $37,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,935
    Bonus
    $13,000
    Other
    $0
    Deferred
    $13,860
    Nontaxable benefits
    $23,818
    Filer's total
    $238,613

  • Richard W Erne

    CFO

    Total calculated
    $202,896
    From this org
    $188,899
    From related orgs
    $0
    Other
    $13,997
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $175,899
    Bonus
    $13,000
    Other
    $0
    Deferred
    $12,349
    Nontaxable benefits
    $1,908
    Filer's total
    $203,156

  • Latonia Haney Keith

    VP High Impact Practices

    Total calculated
    $201,762
    From this org
    $189,413
    From related orgs
    $0
    Other
    $12,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,413
    Bonus
    $13,000
    Other
    $0
    Deferred
    $12,349
    Nontaxable benefits
    $261
    Filer's total
    $202,023

  • Brian Bava

    VP Enrollment Mgmt

    Total calculated
    $201,155
    From this org
    $167,620
    From related orgs
    $0
    Other
    $33,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,620
    Bonus
    $13,000
    Other
    $0
    Deferred
    $11,431
    Nontaxable benefits
    $22,364
    Filer's total
    $201,415

  • Paul Bennion

    VP for Student Affairs

    Total calculated
    $172,523
    From this org
    $142,395
    From related orgs
    $0
    Other
    $30,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,395
    Bonus
    $13,000
    Other
    $0
    Deferred
    $9,630
    Nontaxable benefits
    $20,759
    Filer's total
    $172,784

  • Jack Cafferty

    VP for College Relations

    Total calculated
    $170,934
    From this org
    $147,573
    From related orgs
    $0
    Other
    $23,361
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,573
    Bonus
    $13,000
    Other
    $0
    Deferred
    $9,713
    Nontaxable benefits
    $13,909
    Filer's total
    $171,195

  • Reagan Rossi

    VP Athletics

    Total calculated
    $131,859
    From this org
    $124,083
    From related orgs
    $0
    Other
    $7,776
    Hours/week
    40

  • James Everett

    Co-President

    Total calculated
    $137,731
    From this org
    $115,120
    From related orgs
    $0
    Other
    $22,611
    Hours/week
    40

  • Douglas Brigham

    Co-President

    Total calculated
    $141,121
    From this org
    $110,065
    From related orgs
    $0
    Other
    $31,056
    Hours/week
    40

  • Mee-Ae Kim

    History Professor (thru 05/2023)

    Total calculated
    $114,124
    From this org
    $104,201
    From related orgs
    $0
    Other
    $9,923
    Hours/week
    40

  • Keith Bower

    Director of IT

    Total calculated
    $127,870
    From this org
    $101,225
    From related orgs
    $0
    Other
    $26,645
    Hours/week
    40

  • Kimberly Napoli

    Controller (Left 03/2023)

    Total calculated
    $122,235
    From this org
    $112,250
    From related orgs
    $0
    Other
    $9,985
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations on this return.

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.

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
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202441319349302039

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