Idaho Business For Education Inc
- Assets
- $371.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Boise, ID
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-3565109
Organization Overview
Idaho Business For Education Inc is located in Boise, ID. The organization was established in 2007. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2022, Idaho Business For Education Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho Business For Education Inc 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 12/2022, Idaho Business For Education Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION'S MAIN MISSION IS TO HAVE 60% OF IDAHO'S 25-34 YEAR OLDS HAVE SOME KIND OF POST-SECONDARY DEGREE OR PROFESSIONAL CERTIFICATION. IBE WORKS TO PROMOTE A STATE EDUCATION SYSTEM THAT WILL PROVIDE ITS STUDENTS WITH A HIGH QUALITY EDUCATION THAT ENSURES THE WELL-EDUCATED WORKFORCE OUR BUSINESSES AND ECONOMY REQUIRE, WILL ANTICIPATE AND SERVE THE CURRENT AND FUTURE NEEDS OF THE ECONOMY AND UTILIZES PROCESSES THAT ARE EFFICIENT, ACCOUNTABLE, RESPONSIVE, INNOVATIVE AND HIGH PERFORMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FOCUSED ON ITS PRIMARY GOAL THAT "60% OF IDAHO'S 25-34 YEAR OLDS WILL HAVE SOME KIND OF POST-SECONDARY DEGREE OR PROFESSIONAL CERTIFICATION BY THE YEAR 2025." IBE WORKS TO PROMOTE A STATE EDUCATION SYSTEM THAT WILL PROVIDE ITS STUDENTS WITH A HIGH-QUALITY EDUCATION THAT ENSURES THE WELL-EDUCATED WORKFORCE OUR BUSINESSES AND ECONOMY REQUIRE, WILL ANTICIPATE AND SERVE THE CURRENT AND FUTURE NEEDS OF THE ECONOMY AND UTILIZES PROCESSES THAT ARE EFFICIENT, ACCOUNTABLE, RESPONSIVE, INNOVATIVE AND HIGH-PERFORMING.
CLOSE THE DIVIDE PROGRAM. DUE TO COVID-19, WE HAVE A MASSIVE EDUCATIONAL CHALLENGE. APPROXIMATLEY 200,000 IDAHO STUDENTS NEED COMPUTERS AND INTERNET ACCESS FOR REMOTE SCHOOLING. CLOSE THE DIVIDE PROGRAM IS STRIVING TO CLOSE THE DIGITAL DIVIDE FOR IDAHO STUDENTS AS REMOTE LEARNING IS BECOMING THE NEXT NORMAL. IBE SET UP THE FUND WITH THE IDAHO COMMUNITY FOUNDATION WHICH IS MANAGING THOSE DONATIONS FOR IBE.
YOUTH APPRENTICESHIP PROGRAM. THROUGH A JOINT EFFORT WITH THE IDAHO WORKFORCE DEVELOPMENT COUNCIL, IDAHO DEPARTMENT OF LABOR, AND IDAHO CAREER AND TECHNICAL EDUCATION, IBE IS SCALING UP IDAHOS YOUTH APPRENTICESHIP PROGRAM WITH A GOAL OF PLACING 400 APPRENTICES BY 2024. IBE YOUTH APPRENTICESHIP CONNECTS 16-24 YEAR-OLDS TO JOBS, TRAINING, AND CAREERS IN IDAHO. BUILDING WORKFORCE-READY LABOR REQUIRES A COLLABORATIVE EFFORT AMONG GOVERNMENT, BUSINESS, AND EDUCATION. IBE YOUTH APPRENTICESHIP PROVIDES EDUCATION, WORK EXPERIENCE, AND ACCESS TO POSTSECONDARY EDUCATION, TRAINING, AND CERTIFICATIONS AND IT HELPS US REACH IDAHOS GOAL OF HAVING 60% OF OUR 25 TO 34 YEAR-OLD WORKERS HOLD A POSTSECONDARY CREDENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Gramer President An | Officer | 40 | $149,382 |
Kurt Liebich Vice Chair | OfficerTrustee | 1 | $0 |
Arthur F Oppenheimer Founding Cha | OfficerTrustee | 1 | $0 |
Brad Ryan Treasurer-Se | OfficerTrustee | 1 | $0 |
Andy Scoggin Chairperson | OfficerTrustee | 1 | $0 |
James Alderman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $487,249 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,086,197 |
| Total Program Service Revenue | $0 |
| Investment income | $936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,087,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,243 |
| 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. | $154,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,836 |
| Pension plan accruals and contributions | $3,346 |
| Other employee benefits | $87,324 |
| Payroll taxes | $62,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,654 |
| Office expenses | $13,885 |
| Information technology | $3,585 |
| Royalties | $0 |
| Occupancy | $18,378 |
| Travel | $30,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,032 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,452 |
| All other expenses | $13,698 |
| Total functional expenses | $1,200,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,404 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $371,404 |
| Accounts payable and accrued expenses | $13,977 |
| 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 | $13,977 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $357,427 |
| Total liabilities and net assets/fund balances | $371,404 |
Grants Awarded
Over the last fiscal year, Idaho Business For Education Inc has awarded $105,243 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boise, ID PURPOSE: NEPRIS | $62,500 |
Boise, ID PURPOSE: INTERNET FOR STDNTS | $42,743 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Idaho Business For Education Inc has recieved totaling $44,810.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $38,560 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spy Hop Productions Inc Salt Lake City, UT | $15,765,007 | $3,010,867 |
Idaho Business For Education Inc Boise, ID | $371,404 | $1,087,133 |
Girls Build Portland, OR | $653,032 | $916,642 |
Junior Achievement Of Northern Nevada Inc Reno, NV | $198,342 | $277,581 |
Slingshot Spokane, WA | $20,188 | $0 |
Code Girls United Kalispell, MT | $224,476 | $250,897 |
Sandy Area Chamber Young Entrepreneurs Academy Sandy, UT | $27,886 | $0 |
Lokomaika I Hui Ho Las Vegas, NV | $0 | $0 |
Leadership Redmond Inc Redmond, OR | $29,436 | $0 |