College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr
- Assets
- $12.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Caldwell, ID
- Founding
- 10/1990
- Data as of
- 06/2022
- EIN
- 82-6069279
Organization Overview
College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr is located in Caldwell, ID. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A CHARITABLE EDUCATIONAL TRUST THAT DISTRIBUTES ITS INCOME TO THE COLLEGE OF IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard W Erne VP Finance & Administration | Officer | 1 | $0 |
Jeffrey Taylor Trustee | Trustee | 1 | $0 |
Pamela Decoste Trustee | Trustee | 1 | $0 |
Ken Wagers Trustee (joined 7/1/21) | Trustee | 1 | $0 |
Paul Street Chair | Trustee | 1 | $0 |
Masaki Kuwana Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $101,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $973,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,074,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,335,561 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,557 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,363,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,230,873 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,230,873 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $12,230,873 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,230,873 |
Grants Awarded
Over the last fiscal year, College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr has awarded $980,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Caldwell, ID PURPOSE: GENERAL OPERATING COSTS | $940,508 |
Caldwell, ID PURPOSE: LIBRARY FUNDING | $14,612 |
Caldwell, ID PURPOSE: DEPARTMENT CHAIR SALARY | $13,032 |
Caldwell, ID PURPOSE: FACULTY GROWTH AND DEVELOPMENT | $11,848 |
Endowment Analysis
| Beg. Balance | $16,335,560 |
| Earnings | -$1,741,568 |
| Admin Expense | $27,558 |
| Other Expense | $2,335,561 |
| Ending Balance | $12,230,873 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Nnh Support Reno, NV | $5,000 | $0 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Great Basin College Foundation Elko, NV | $13,766,452 | $2,685,144 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |