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← COLLEGE OF IDAHO SECOND CENTURY FD-TR A A CHARITABLE ED TR 112087

Form 990 for tax year 2022

Filed by COLLEGE OF IDAHO SECOND CENTURY FD-TR A A CHARITABLE ED TR 112087.

Totals

Total revenue
$365,977
Total expenses
$673,735
Contributions and grants received
$0
Grants paid
$654,502
Program service revenue
$0
Investment income
$365,977
Other revenue
$0
Total assets, end of year
$10,889,386
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,889,386
Program services expenses (Part IX)
$654,502
Management and general expenses
$19,233
Fundraising expenses
$0
Program service expenses (Part III)
$654,502

Program services were 97.1% 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.

  • 3 · Investment income

    total $80,460 · excluded $80,460

  • 7a · Gross sales of assets other than inventory

    securities $593,274

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

    securities $307,757

  • 7c · Gain or loss

    securities $285,517

  • 7d · Net gain or loss

    total $285,517 · excluded $285,517

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $654,502 · program services $654,502

  • 11f · Fees: investment management

    total $19,233 · management and general $19,233

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $10,633,519 · end of year $10,889,386

  • 28 · Net assets with donor restrictions

    beginning of year $10,633,519 · end of year $10,889,386

Mission and programs · 2022

Mission

The College of Idaho 2nd Century Fund Trust A is a charitable educational trust where the income that is generated is distributed to The College of Idaho for budgeted expenses necessary for the College to fulfill its purpose as an institution of higher learning.

Activities or mission (Part I)

A charitable educational trust that distributes its income to the College of Idaho.

  • The Trust supports the general operating costs of The College of Idaho, including salaries and benefits, various other academic departmental operating cost, and maintenance and improvements to campus facilities.

    Expenses $654,502 · Grants $654,502

As filed on the 2022 return.

Listed in Part VII

  • Paul Street

    Chair

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kyle Sales

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Pamela Decoste

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Alan Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ken Wagers

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ray Marshall

    Trustee (Joined 7/1/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jill Twedt

    Trustee (Joined 7/1/22)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Richard W Erne

    VP Finance & Administratio

    Total calculated
    $202,896
    From this org
    $0
    From related orgs
    $188,899
    Other
    $13,997
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,899 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $12,349 related
    Nontaxable benefits
    $0 + $1,908 related
    Filer's total
    $0 + $203,156 related

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

The filer's explanations (Part III)

Part I, Line 3
The Organization relied on a Related Organization, The College of Idaho, in establishing compensation for Richard Erne, VP Finance & Administration.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • Charitable Remainder Trust (1)

    T · Investment Management · ID

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431319349304088

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