Idaho Governors Cup Scholarshipfund Inc

Organization Overview

Idaho Governors Cup Scholarshipfund Inc is located in Boise, ID. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Idaho Governors Cup Scholarshipfund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho Governors Cup Scholarshipfund 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 12/2023, Idaho Governors Cup Scholarshipfund Inc generated $446.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $540.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE ORGANIZATION IS TO RAISE FUNDS ON A CONTINUING, NON- PARTISAN BASIS, IN COOPERATION WITH THE ONGOING SUCCESSION OF GOVERNORS OF THE STATE OF IDAHO, FOR SCHOLARSHIPS FOR IDAHO STUDENTS TO ATTEND IDAHO COLLEGES, TRADE SCHOOLS AND UNIVERSITIES. TO THAT END, THE ORGANIZATION WILL CONDUCT AN IDAHO GOVERNOR'S CUP ANNUALLY WITH THE THEN CURRENT GOVERNOR OF IDAHO SERVING AS THE HOST FOR THE EVENT AND WILL SEEK OPPORTUNITIES TO CREATE OTHER ACTIVITIES FOR FUNDRAISING FOR THE SCHOLARSHIP FUND IN COOPERATION WITH THE GOVERNOR.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES SCHOLARSHIPS TO ELIGIBLE INDIVIDUALS ENROLLED IN IDAHO PUBLIC AND PRIVATE COLLEGES, TRADE SCHOOLS, AND UNIVERSITIES. FOR THE CURRENT YEAR, THE ORGANIZATION AWARDED 423,000 IN SCHOLARSHIP FUNDS.


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Board, Officers & Key Employees

Name (title)Compensation
Sarah Bettwieser
Director
$0
Martin Bilbao
Director
$0
Elli Brown
Director
$0
Rachel Burkett
Secretary
$0
Cordell Chigbrow
Treasurer
$0
Ken Dey
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$368,900
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$75,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$443,900
Total Program Service Revenue$0
Investment income $2,103
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 $446,003

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