Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $651,894

• 1f · All other contributions, gifts and grants

  $27,665,777

• 1g · Noncash contributions included above

  $4,762,793

• 2a · Program service revenue: Program Income

  total $8,301,672 · related or exempt $8,301,672

• 2b · Program service revenue: Membership Dues

  total $49,300 · related or exempt $49,300

• 3 · Investment income

  total $5,456,294 · unrelated business -$8,007 · excluded $5,464,301

• 7a · Gross sales of assets other than inventory

  securities $44,340,153 · other assets $405,926

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

  securities $46,180,388 · other assets $447,999

• 7c · Gain or loss

  securities -$1,840,235 · other assets -$42,073

• 7d · Net gain or loss

  total -$1,882,308 · excluded -$1,882,308

• 8a · Fundraising events: gross income

  $119,733

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

  $651,894

• 8b · Fundraising events: direct expenses

  $220,254

• 8c · Net income from fundraising events

  total -$100,521 · excluded -$100,521

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,029,548 · program services $14,029,548

• 2 · Grants to domestic individuals

  total $6,966,156 · program services $6,966,156

• 5 · Compensation of officers, directors and key employees

  total $212,057 · management and general $212,057

• 7 · Other salaries and wages

  total $1,983,161 · management and general $238,645 · fundraising $1,744,516

• 8 · Pension plan contributions

  total $195,871 · management and general $27,453 · fundraising $168,418

• 9 · Other employee benefits

  total $297,534 · management and general $41,702 · fundraising $255,832

• 10 · Payroll taxes

  total $203,112 · management and general $28,468 · fundraising $174,644

• 11b · Fees: legal

  total $5,036 · management and general $5,036

• 11c · Fees: accounting

  total $38,885 · program services $2,685 · management and general $36,200

• 11f · Fees: investment management

  total $508,403 · management and general $508,403

• 11g · Fees: other

  total $561,266 · program services $478,358 · management and general $82,908

• 12 · Advertising and promotion

  total $11,520 · management and general $11,520

• 13 · Office expenses

  total $42,781 · program services $11,485 · management and general $31,296

• 14 · Information technology

  total $723,600 · management and general $723,600

• 16 · Occupancy

  total $79 · program services $79

• 17 · Travel

  total $4,630 · management and general $4,630

• 20 · Interest

  total $30,000 · program services $30,000

• 23 · Insurance

  total $21,515 · program services $9,886 · management and general $11,629

• 24a · Other expenses: Dues & Subscriptions

  total $19,176 · management and general $19,176

• 24e · All other expenses

  total $328,036 · program services $44,033 · management and general $3,062 · fundraising $280,941

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $200 · end of year $200

• 2 · Savings and temporary cash investments

  beginning of year $3,585,455 · end of year $3,406,402

• 3 · Pledges and grants receivable

  beginning of year $9,457,776 · end of year $14,386,004

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

  $5,459,602

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $1,235,945 · end of year $5,459,602

• 11 · Investments: publicly traded securities

  beginning of year $125,622,459 · end of year $151,851,828

• 12 · Investments: other securities

  beginning of year $66,868,727 · end of year $54,979,709

• 15 · Other assets

  beginning of year $3,742,465 · end of year $3,942,340

• 17 · Accounts payable and accrued expenses

  beginning of year $2,682,281 · end of year $1,528,960

• 19 · Deferred revenue

  beginning of year $1,718,966 · end of year $1,690,853

• 21 · Escrow or custodial account liability

  beginning of year $2,740,370 · end of year $2,934,504

• 24 · Unsecured notes and loans payable

  beginning of year $3,000,000 · end of year $3,000,000

• 25 · Other liabilities

  beginning of year $591,107 · end of year $475,886

• 27 · Net assets without donor restrictions

  beginning of year $11,334,967 · end of year $11,230,792

• 28 · Net assets with donor restrictions

  beginning of year $188,445,336 · end of year $213,165,090

The filer's explanations (Part III)

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 2022 compensation is reported in Schedule J Part II and Form 990 Part VII.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Charitable Remainder Trusts (5)

  T · Distributions for Scholarship Awards · ID