Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $73,321

• 1f · All other contributions, gifts and grants

  $600,277

• 1g · Noncash contributions included above

  $132,954

• 3 · Investment income

  total $294,980 · excluded $294,980

• 7a · Gross sales of assets other than inventory

  securities $2,014,558

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

  securities $2,014,491

• 7c · Gain or loss

  securities $67

• 7d · Net gain or loss

  total $67 · excluded $67

• 8a · Fundraising events: gross income

  $57,720

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

  $73,321

• 8b · Fundraising events: direct expenses

  $36,894

• 8c · Net income from fundraising events

  total $20,826 · excluded $20,826

• 9a · Gaming: gross income

  $750,000

• 9b · Gaming: direct expenses

  $489,599

• 9c · Net income from gaming

  total $260,401 · excluded $260,401

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,641,753 · program services $1,641,753

• 5 · Compensation of officers, directors and key employees

  total $78,300 · management and general $39,150 · fundraising $39,150

• 7 · Other salaries and wages

  total $149,186 · management and general $83,311 · fundraising $65,875

• 9 · Other employee benefits

  total $50,369 · management and general $34,204 · fundraising $16,165

• 11b · Fees: legal

  total $6,899 · management and general $6,899

• 11c · Fees: accounting

  total $32,553 · management and general $32,553

• 11f · Fees: investment management

  total $74,358 · management and general $74,358

• 12 · Advertising and promotion

  total $9,676 · fundraising $9,676

• 13 · Office expenses

  total $56,170 · management and general $29,398 · fundraising $26,772

• 19 · Conferences, conventions and meetings

  total $7,939 · management and general $4,025 · fundraising $3,914

• 23 · Insurance

  total $5,684 · management and general $5,684

• 24a · Other expenses: OTHER EXPENSES

  total $73,162 · fundraising $73,162

• 24b · Other expenses: PLANNED GIVING CULTIVAT

  total $11,131 · fundraising $11,131

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,177 · end of year $7,063

• 2 · Savings and temporary cash investments

  beginning of year $3,193,204 · end of year $3,215,159

• 3 · Pledges and grants receivable

  beginning of year $7,279 · end of year $5,283

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,052 · end of year $44,317

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

  $9,913

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

  $9,913

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $7,705,121 · end of year $8,875,798

• 12 · Investments: other securities

  beginning of year $26,663,367 · end of year $28,245,675

• 15 · Other assets

  beginning of year $544,739 · end of year $471,666

• 17 · Accounts payable and accrued expenses

  beginning of year $973,110 · end of year $66,180

• 19 · Deferred revenue

  beginning of year $750,000 · end of year $750,000

• 27 · Net assets without donor restrictions

  beginning of year $9,398,785 · end of year $10,461,996

• 28 · Net assets with donor restrictions

  beginning of year $27,003,044 · end of year $29,586,785

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF NORTH IDAHO COLLEGE. THE COLLEGE BASES ALL SALARIES ON A MARKET-BASED SALARY SURVEY. THE PORTION OF THE SALARY THE NIC FOUNDATION REIMBURSES TO THE COLLEGE IS APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET PROCESS.