Idaho Regional Optical Network Inc
- Assets
- $6.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Boise, ID
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-0698591
Organization Overview
Idaho Regional Optical Network Inc is located in Boise, ID. The organization was established in 2009. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Idaho Regional Optical Network Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho Regional Optical Network 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 Regional Optical Network Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 9.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH SPEED ECONOMICAL OPTICAL NETWORK INFRASTRUCTURE FOR THE STATE OF IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGH SPEED NETWORKING FOR EDUCATION, RESEARCH, AND OTHER RELATED NON PROFIT ENTITIES. IN 2022, THE BOARD APPROVED A THREE YEAR STRATEGIC INITIATIVE TO LEVERAGE IRON'S EDUCATIONAL ECOSYSTEM TO ENHANCE IDAHO'S LARGER NONPROFIT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Binder President & CEO | OfficerTrustee | 40 | $174,579 |
Brent Stacey Chairman | OfficerTrustee | 5 | $0 |
Rick Aman Vice President | OfficerTrustee | 5 | $0 |
Alberto Gonzalez Treasurer | OfficerTrustee | 5 | $0 |
Stacey Carson Secretary | OfficerTrustee | 5 | $0 |
Brian Whitlock Immediate Past Chairman | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brent Stacey Business Management | 12/30/22 | $156,000 |
Premier Networks Llc Network Management | 12/30/22 | $214,288 |
Educom Services Llc General Management | 12/30/22 | $141,284 |
Fx Consulting Network Services | 12/30/22 | $112,500 |
Advanced Technology Partners Llc Network Services | 12/30/22 | $104,000 |
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 | $2,908,788 |
| Investment income | $62,088 |
| 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 | $2,970,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $286,847 |
| Compensation of current officers, directors, key employees. | $46,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,344 |
| Pension plan accruals and contributions | $22,763 |
| Other employee benefits | $14,000 |
| Payroll taxes | $54,796 |
| Fees for services: Management | $23,811 |
| Fees for services: Legal | $34,867 |
| Fees for services: Accounting | $35,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,659 |
| Office expenses | $34,315 |
| Information technology | $1,578,148 |
| Royalties | $0 |
| Occupancy | $158,428 |
| Travel | $21,582 |
| 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 | $288,706 |
| Insurance | $19,201 |
| All other expenses | $1,947 |
| Total functional expenses | $3,243,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,238 |
| Savings and temporary cash investments | $4,355,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,787 |
| 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 | $486,598 |
| Net Land, buildings, and equipment | $1,078,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,136 |
| Total assets | $6,140,390 |
| Accounts payable and accrued expenses | $112,548 |
| Grants payable | $0 |
| Deferred revenue | $1,847,675 |
| 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 | $140,136 |
| Total liabilities | $2,100,359 |
| Net assets without donor restrictions | $4,040,031 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,140,390 |