Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $66,305

• 1f · All other contributions, gifts and grants

  $713,268

• 1g · Noncash contributions included above

  $165,818

• 3 · Investment income

  total $252,836 · excluded $252,836

• 7a · Gross sales of assets other than inventory

  securities $2,101,695

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

  securities $2,101,695

• 7c · Gain or loss

  securities $0

• 8a · Fundraising events: gross income

  $80,101

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

  $66,305

• 8b · Fundraising events: direct expenses

  $50,997

• 8c · Net income from fundraising events

  total $29,104 · excluded $29,104

• 9a · Gaming: gross income

  $750,000

• 9b · Gaming: direct expenses

  $430,773

• 9c · Net income from gaming

  total $319,227 · excluded $319,227

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,409,024 · program services $1,409,024

• 5 · Compensation of officers, directors and key employees

  total $81,756 · management and general $40,878 · fundraising $40,878

• 7 · Other salaries and wages

  total $133,530 · management and general $79,420 · fundraising $54,110

• 9 · Other employee benefits

  total $31,673 · management and general $19,693 · fundraising $11,980

• 11b · Fees: legal

  total $4,379 · management and general $4,379

• 11c · Fees: accounting

  total $43,434 · management and general $43,434

• 11f · Fees: investment management

  total $56,676 · management and general $56,676

• 12 · Advertising and promotion

  total $13,479 · management and general $3,556 · fundraising $9,923

• 13 · Office expenses

  total $66,079 · management and general $30,255 · fundraising $35,824

• 19 · Conferences, conventions and meetings

  total $8,914 · management and general $3,020 · fundraising $5,894

• 23 · Insurance

  total $7,737 · management and general $7,737

• 24a · Other expenses: OTHER EXPENSES

  total $118,733 · fundraising $118,733

• 24b · Other expenses: PLANNED GIVING CULTIVAT

  total $9,429 · fundraising $9,429

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,063 · end of year $12,340

• 2 · Savings and temporary cash investments

  beginning of year $3,215,159 · end of year $4,758,959

• 3 · Pledges and grants receivable

  beginning of year $5,283 · end of year $3,699

• 9 · Prepaid expenses and deferred charges

  beginning of year $44,317 · end of year $41,863

• 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 $8,875,798 · end of year $10,583,651

• 12 · Investments: other securities

  beginning of year $28,245,675 · end of year $30,732,269

• 15 · Other assets

  beginning of year $471,666 · end of year $484,447

• 17 · Accounts payable and accrued expenses

  beginning of year $66,180 · end of year $126,408

• 19 · Deferred revenue

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

• 27 · Net assets without donor restrictions

  beginning of year $10,461,996 · end of year $12,225,878

• 28 · Net assets with donor restrictions

  beginning of year $29,586,785 · end of year $33,514,942

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.