Form 990 for tax year 2024
Filed by IDAHO GOVERNORS CUP SCHOLARSHIPFUND INC.
Totals
- Total revenue
- $962,518
- Total expenses
- $803,162
- Contributions and grants received
- $959,198
- Grants paid
- $661,000
- Program service revenue
- $0
- Investment income
- $3,320
- Other revenue
- $0
- Total assets, end of year
- $1,735,880
- Total liabilities, end of year
- $1,457,525
- Net assets or fund balances, end of year
- $278,355
- Program services expenses (Part IX)
- $699,325
- Management and general expenses
- $50,368
- Fundraising expenses
- $53,469
- Program service expenses (Part III)
- $699,325
Program services were 87.1% 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
$868,820
-
1f · All other contributions, gifts and grants
$90,378
-
3 · Investment income
total $3,320 · excluded $3,320
-
8a · Fundraising events: gross income
$825,718
-
8a · Fundraising events: contributions included on line 1c
$868,820
-
8b · Fundraising events: direct expenses
$825,718
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $661,000 · program services $661,000
-
7 · Other salaries and wages
total $102,675 · program services $24,975 · management and general $34,063 · fundraising $43,637
-
10 · Payroll taxes
total $8,301 · program services $2,019 · management and general $2,754 · fundraising $3,528
-
11a · Fees: management
total $3,960 · management and general $3,960
-
11c · Fees: accounting
total $9,878 · program services $2,403 · management and general $3,277 · fundraising $4,198
-
11g · Fees: other
total $7,500 · program services $7,500
-
13 · Office expenses
total $1,511 · management and general $1,511
-
17 · Travel
total $36 · management and general $36
-
23 · Insurance
total $2,385 · program services $89 · management and general $2,141 · fundraising $155
-
24a · Other expenses: STORAGE
total $4,129 · management and general $2,206 · fundraising $1,923
-
24b · Other expenses: SCHOLARSHIP RECEPTION
total $1,296 · program services $1,296
-
24c · Other expenses: TELEPHONE
total $170 · management and general $170
-
24d · Other expenses: BANK CHARGES
total $156 · program services $16 · management and general $112 · fundraising $28
-
24e · All other expenses
total $165 · program services $27 · management and general $138
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $769,440 · end of year $624,163
-
2 · Savings and temporary cash investments
beginning of year $181,142 · end of year $584,462
-
4 · Accounts receivable
end of year $19,900
-
11 · Investments: publicly traded securities
beginning of year $472,965 · end of year $507,355
-
17 · Accounts payable and accrued expenses
end of year $4,525
-
18 · Grants payable
beginning of year $1,309,500 · end of year $1,453,000
-
25 · Other liabilities
beginning of year $29,438 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $84,609 · end of year $278,355
Mission and programs · 2024
Mission
TO RAISE FUNDS IN COOPERATION WITH ONGOING SUCCESSION OF IDAHO GOVERNORS FOR SCHOLARSHIPS FOR IDAHO STUDENTS TO ATTEND IDAHO COLLEGES, TRADE SCHOOLS AND UNIVERSITIES.
Activities or mission (Part I)
THE PURPOSE OF THE ORGANIZATION IS TO RAISE FUNDS ON A CONTINUING, NON-PARTISAN BASIS, IN COOPERATION WITH THE ONGOING SUCCESSION OF GOVERNORS OF THE STATE OF IDAHO, FOR SCHOLARSHIPS FOR IDAHO STUDENTS TO ATTEND IDAHO COLLEGES, TRADE SCHOOLS AND UNIVERSITIES. TO THAT END, THE ORGANIZATION WILL CONDUCT AN IDAHO GOVERNOR'S CUP ANNUALLY WITH THE THEN CURRENT GOVERNOR OF IDAHO SERVING AS THE HOST FOR THE EVENT AND WILL SEEK OPPORTUNITIES TO CREATE OTHER ACTIVITIES FOR FUNDRAISING FOR THE SCHOLARSHIP FUND IN COOPERATION WITH THE GOVERNOR.
-
THE ORGANIZATION PROVIDES SCHOLARSHIPS TO ELIGIBLE INDIVIDUALS ENROLLED IN IDAHO PUBLIC AND PRIVATE COLLEGES, TRADE SCHOOLS, AND UNIVERSITIES. FOR THE CURRENT YEAR, THE ORGANIZATION AWARDED $661,000 IN SCHOLARSHIP FUNDS.
Expenses $699,325 · Grants $661,000
As filed on the 2024 return.
Listed in Part VII
-
Jen VisserJEN VISSER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Scott MadisonSCOTT MADISON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Cordell ChigbrowCORDELL CHIGBROW
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rachel BurkettRACHEL BURKETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Anna TormaANNA TORMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken DeyKEN DEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elli BrownELLI BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tara ThueTARA THUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martin BilbaoMARTIN BILBAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah BettwieserSARAH BETTWIESER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael WatsonMICHAEL WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tara MalekTARA MALEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543029349301259
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