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← UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC.

Totals

Total revenue
-$875,932
Total expenses
$14,506,967
Contributions and grants received
$0
Grants paid
$14,327,529
Program service revenue
$0
Investment income
-$875,932
Other revenue
$0
Total assets, end of year
$160,104,323
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$160,104,323
Program services expenses (Part IX)
$14,327,529
Management and general expenses
$179,438
Fundraising expenses
$0
Program service expenses (Part III)
$14,327,529

Program services were 98.8% 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.

  • 3 · Investment income

    total $4,187,937 · excluded $4,187,937

  • 7a · Gross sales of assets other than inventory

    securities $83,192,721

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

    securities $88,256,590

  • 7c · Gain or loss

    securities -$5,063,869

  • 7d · Net gain or loss

    total -$5,063,869 · excluded -$5,063,869

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,327,529 · program services $14,327,529

  • 11f · Fees: investment management

    total $125,035 · management and general $125,035

  • 23 · Insurance

    total $54,403 · management and general $54,403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $543,632 · end of year $489,138

  • 2 · Savings and temporary cash investments

    beginning of year $10,748,613 · end of year $1,372,223

  • 11 · Investments: publicly traded securities

    beginning of year $152,016,553 · end of year $158,242,962

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $163,308,798 · end of year $160,104,323

Mission and programs · 2022

Mission

THE PURPOSE AND MISSION OF THE UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC (SIF) IS TO SUPPORT AND ASSIST THE UNIVERSITY OF IDAHO IN ITS ACTIVITIES THROUGH THE INVESTMENT, MANAGEMENT AND ADMINISTRATION OF FUNDS DEPOSITED WITH THE CORPORATION FROM THE UNIVERSITY. THE CORPORATION RECEIVES AND EVALUATES REQUESTS FROM THE UNIVERSITY FOR GRANTS IN AID TO SUPPORT KEY UNIVERSITY GOALS AND OBJECTIVES.

Activities or mission (Part I)

SIF IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF IDAHO.

  • UNIVERSITY OF IDAHO STRATEGIC INITIATIVES FUND INC SUPPORTING ORGANIZATION IS RESTRICTED TO ONLY MAKING GRANTS TO THE UNIVERSITY OF IDAHO, TAX EXEMPT ORGANIZATION, UNDER THE ARTICLES OF INCORPORATION.

    Expenses $14,327,529 · Grants $14,327,529

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

Listed in Part VII

  • BRIAN FOISY

    SECRETARY

    Total calculated
    $302,069
    From this org
    $0
    From related orgs
    $286,440
    Other
    $15,629
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,440 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,629 related
    Filer's total
    $0 + $302,069 related

  • SHAWN KEOUGH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KURT LIEBICH

    PRESIDENT UNTIL MAY 2023

    Total calculated
    $0
    Hours/week
    1

  • LORI MCCAN

    TREASURER

    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. 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

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349318738

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