Boise State University Foundation Inc
- Assets
- $181.4m
- Revenue
- $23.7m
- Investments
- $30.1m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 03/1966
- Data as of
- 06/2020
- EIN
- 82-6010706
Organization Overview
Boise State University Foundation Inc is located in Boise, ID. The organization was established in 1966. 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. Boise State University 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 06/2020, Boise State University Foundation Inc generated $23.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $29.4m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Boise State University Foundation Inc has awarded 21 individual grants totaling $136,842,243. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE, GENERATE, AND PRUDENTLY MANAGE PRIVATE SUPPORT FOR BOISE STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERS 954 DIFFERENT ACADEMIC SCHOLARSHIPS FOR BOISE STATE UNIVERSITY. APPLICANTS MAY BE REQUIRED TO WRITE AN ESSAY, PROVIDE TRANSCRIPTS, AND IF APPLYING FOR SCHOLARSHIPS REQUIRING FINANCIAL NEED APPLICANTS MUST INCLUDE THE FREE APPLICATION FOR FEDERAL STUDENT AID REPORT (FAFSA). OTHER REQUIREMENTS MAY BE INCLUDED, DEPENDING ON THE SCHOLARSHIP. DURING FISCAL YEAR END JUNE 30, 2021, THE FOUNDATION DISTRIBUTED 2,324 SCHOLARSHIP AWARDS TO 1,588 RECIPIENTS.
THE FOUNDATION PROVIDES SUPPORT SERVICES FOR BOTH THE BRONCO ATHLETIC ASSOCIATION AND THE BSU ALUMNI ASSOCIATION. THIS INCLUDES, BUT IS NOT LIMITED TO, MEMBER LISTS, DATA ENTRY AND UPDATES, FINANCIAL SUPPORT THROUGH DONATION RECEIPTS, REPORTING, AND OTHER AD HOC SERVICES AS THEY ARE NEEDED SUCH AS MANAGING REGISTRATION FOR EVENTS.
THE FOUNDATION PROVIDES GENERAL SUPPORT FOR BOISE STATE UNIVERSITY THROUGH BOTH ENDOWMENT AND CURRENT USE FUNDS. SOME HIGHLIGHTS FOR THE FISCAL YEAR END JUNE 30, 2021 INCLUDE THE CONTINUED SUPPORT FOR ALL ACADEMIC COLLEGES, COMPUTER SCIENCE AND ENGINEERING, STEM, HEALTH SCIENCES, RESEARCH IN PUBLIC POLICY, EDUCATION, ARTS AND SCIENCES, COLLEGE OF INNOVATION AND DESIGN, AND OTHER VARIOUS SUPPORT PROGRAMS AT BOISE STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Powell Executive Director | Officer | 40 | $159,859 |
Brandy N Stemmler Chair | OfficerTrustee | 1 | $0 |
Randall L Hales Vice Chair | OfficerTrustee | 1 | $0 |
Jim Martin Secretary | OfficerTrustee | 1 | $0 |
George H Juetten Treasurer | OfficerTrustee | 1 | $0 |
Kevin M Chen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lca Architects Pa Architectural Services | 6/29/17 | $130,929 |
Jordan-wilcomb Construction Inc Construction Services | 6/29/17 | $7,381,541 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,056,909 |
| Investment income | $4,477,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $909,902 |
| Net Income from Fundraising Events | -$7,668 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,699,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,776,946 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,913,074 |
| Pension plan accruals and contributions | $234,404 |
| Other employee benefits | $301,645 |
| Payroll taxes | $120,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,899 |
| Fees for services: Accounting | $31,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $469,620 |
| Fees for services: Other | $5,885 |
| Advertising and promotion | $2,222 |
| Office expenses | $16,661 |
| Information technology | $336,901 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,516 |
| Interest | $20,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,375 |
| All other expenses | $0 |
| Total functional expenses | $29,419,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $4,706,151 |
| Pledges and grants receivable | $1,644,499 |
| 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 | $129,753 |
| Investments—publicly traded securities | $141,183,437 |
| Investments—other securities | $30,122,011 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,643,357 |
| Total assets | $181,429,408 |
| Accounts payable and accrued expenses | $5,390,815 |
| Grants payable | $80,000 |
| Deferred revenue | $1,096,319 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,110,674 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $10,000 |
| Total liabilities | $11,687,808 |
| 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 |
| Total liabilities and net assets/fund balances | $169,741,600 |
Grants Awarded
Over the last fiscal year, Boise State University Foundation Inc has awarded $5,893,693 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOISE STATE UNIVERSITY PURPOSE: Support of academic, athletic, and administrative departments. | $4,828,838 |
Boise, ID PURPOSE: Support of athletic programs and student athletes | $856,486 |
Boise, ID PURPOSE: Support of development and advancement of Boise State University | $208,369 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boise State University Foundation Inc has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
Idaho Power Foundation Inc Boise, ID PURPOSE: CENTER FOR RESEARCH | $20,000 |
Idaho Power Foundation Inc Boise, ID PURPOSE: BLUE SKY INSTITUTE, 8TH ANNUAL DIVERSITY SUMMIT | $3,000 |
Endowment Analysis
| Beg. Balance | $121,190,583 |
| Earnings | $34,754,899 |
| Admin Expense | $450,502 |
| Net Contributions | $9,736,915 |
| Grants | $3,803,058 |
| Ending Balance | $161,428,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Portland State University Foundation Portland, OR | $160,720,485 | $33,116,092 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
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 |