Idaho Community Foundation Inc
- Assets
- $229.7m
- Revenue
- $28.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Boise, ID
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 82-0425063
Organization Overview
Idaho Community Foundation Inc is located in Boise, ID. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Idaho Community Foundation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho Community Foundation 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 12/2021, Idaho Community Foundation Inc generated $28.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $12.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Idaho Community Foundation Inc has awarded 1,486 individual grants totaling $42,385,774. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE QUALITY OF LIFE THROUGHOUT IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORE THAN 750 ORGANIZATIONS OPERATING PRIMARILY WITHIN THE STATE OF IDAHO WERE THE RECIPIENTS OF GRANTS. ALMOST 1,400 INDIVIDUAL GRANTS WERE AWARDED TO PROVIDE SUPPORT FOR GENERAL OPERATIONS AND SPECIFIC PROJECTS. OF THESE OVER 400 WERE AWARDED FOR FAMILY HOMELESSNESS AND BASIC NEEDS, 480 FOR EDUCATIONAL OPPORTUNITIES, OVER 160 FOR MENTAL AND PHYSICAL HEALTH AND 150 FOR ARTS AND CULTURE. THE REMAINING GRANTS WERE FOR ACCESS TO SERVICES, PUBLIC PROJECTS, RECREATION, CONSERVATION AND ENVIRONMENT.
178 EDUCATIONAL SCHOLARSHIPS TOTALING $438,131 WERE PROVIDED DIRECTLY TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF SPECIFIC INDIVIDUALS. THESE SCHOLARSHIPS WERE AWARDED THROUGH COMPETITIVE PROGRAMS. AN ADDITIONAL $205,049 WAS GRANTED TO INSTITUTIONS TO PROVIDE SCHOLARSHIPS TO THEIR STUDENTS AS DETERMINED THROUGH THEIR OWN SCHOLARSHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Bilowith Former President & CEO | Officer | 40 | $166,724 |
Judy Ramos Vp, Finance And Operations | Officer | 40 | $130,254 |
Cara Walker Neilsen Vp, Phil & Ci | Officer | 40 | $125,500 |
Candi Allphin Chair | OfficerTrustee | 1 | $0 |
Steve Carr Past Chair | OfficerTrustee | 1 | $0 |
Tim Hamilton Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88,835 |
| Fundraising events | $0 |
| Related organizations | $3,108,510 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,517,734 |
| Noncash contributions included in lines 1a–1f | $4,988,944 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,715,079 |
| Total Program Service Revenue | $0 |
| Investment income | $2,967,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,428,786 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,111,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,798,734 |
| Grants and other assistance to domestic individuals. | $438,131 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $474,109 |
| Compensation of current officers, directors, key employees. | $239,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $709,614 |
| Pension plan accruals and contributions | $19,949 |
| Other employee benefits | $137,568 |
| Payroll taxes | $90,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,432 |
| Fees for services: Accounting | $25,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,179 |
| Fees for services: Other | $35,226 |
| Advertising and promotion | $91,574 |
| Office expenses | $45,497 |
| Information technology | $113,893 |
| Royalties | $0 |
| Occupancy | $10,514 |
| Travel | $22,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,109 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,123 |
| Insurance | $47,368 |
| All other expenses | $0 |
| Total functional expenses | $12,378,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,756 |
| Savings and temporary cash investments | $8,964,564 |
| Pledges and grants receivable | $39,849 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $212,980 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,314 |
| Net Land, buildings, and equipment | $613,907 |
| Investments—publicly traded securities | $218,851,995 |
| Investments—other securities | $0 |
| Investments—program-related | $400,117 |
| Intangible assets | $0 |
| Other assets | $193,272 |
| Total assets | $229,667,754 |
| Accounts payable and accrued expenses | $225,493 |
| 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 | $225,493 |
| Net assets without donor restrictions | $229,189,432 |
| Net assets with donor restrictions | $252,829 |
| 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 | $229,667,754 |
Grants Awarded
Over the last fiscal year, Idaho Community Foundation Inc has awarded $8,691,595 in support to 272 organizations.
| Grant Recipient | Amount |
|---|---|
Meridian, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR SOCIAL SERVICES | $634,130 |
Boise, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR EDUCATION | $470,400 |
Boise, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR SOCIAL SERVICES | $328,228 |
Boise, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR ARTS & CULTURE | $312,145 |
Boise, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR SOCIAL SERVICES | $258,300 |
Boise, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR RECREATION | $229,058 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Idaho Community Foundation Inc has recieved totaling $106,293.
| Awarding Organization | Amount |
|---|---|
Idaho Business For Education Inc Boise, ID PURPOSE: NEPRIS | $62,500 |
Idaho Business For Education Inc Boise, ID PURPOSE: INTERNET FOR STDNTS | $42,743 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $1,050 |
Endowment Analysis
| Beg. Balance | $161,112,746 |
| Earnings | $32,208,796 |
| Admin Expense | $2,488,469 |
| Net Contributions | $4,997,848 |
| Grants | $4,883,431 |
| Ending Balance | $190,947,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Community Foundation For Southwest Washington Vancouver, WA | $320,798,451 | $21,245,317 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
The Community Foundation Of Utah Salt Lake City, UT | $90,613,858 | $42,536,089 |
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Whitefish Community Foundation Inc Whitefish, MT | $55,891,446 | $19,214,103 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |