Boise State University Foundation … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

Paul Powell

Phone

2084263822

Tax Period

2022-07-01 to 2023-06-30

Boise State University Foundation Inc, founded in 1964, is a mid-sized nonprofit in the Education sector that reported $40.1M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $14.0M, a strong 35% operating margin.

Mission

To raise funds and support for Boise State University's programs, prudently manage all private funds donated to the University, and act as an envoy and link between the University and its constituencies.

Program Service Accomplishments

Program 1

Expenses: $6,966,156

The Foundation administers 985 different academic scholarships for Boise State University. Applicants may be required to write an essay, provide transcripts, and if applying for scholarships...

The Foundation administers 985 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, 2023, the Foundation distributed 2,500 scholarship awards to 1,600 recipients.

Program 2

Expenses: $4,552,265

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.

Program 3

Expenses: $10,053,809 Revenue: $8,350,972

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, 2023 include the continued support...

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, 2023 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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $28,317,671

Program Service Revenue $8,350,972

Investment Income $3,573,986

Other Revenue $-100,521

TOTAL REVENUE $40,142,108

Expense Breakdown

Grants Paid $20,995,704

Salaries & Benefits $2,891,735

Fundraising Expenses $2,624,351

Program Expenses $21,572,230

Other Expenses $2,294,927

TOTAL EXPENSES $26,182,366

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,142,108	$43,170,415	-0.1%
Expenses	$26,182,366	$24,632,227	+0.1%
Net Income	$13,959,742	$18,538,188	-0.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$221,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandy N Stemmler	Chair	1.00	Officer Director	$0	$0	$0
Jim Martin	Vice Chair	1.00	Officer Director	$0	$0	$0
Glen Walker	Treasurer, Finance & Audit Chair	1.00	Officer Director	$0	$0	$0
Rick Pedigo	Secretary	1.00	Officer Director	$0	$0	$0
Randy Hales	Director	1.00	Director	$0	$0	$0
Mike Mers	Director	1.00	Director	$0	$0	$0
Kimberly Welsh	Director	1.00	Director	$0	$0	$0
David Wali	Director	1.00	Director	$0	$0	$0
Bruce Mohr	Director	1.00	Director	$0	$0	$0
Jennifer Seamons	Director	1.00	Director	$0	$0	$0
Ric Gale	Director	1.00	Director	$0	$0	$0
Eileen Barber	Director	1.00	Director	$0	$0	$0
Boo Heffner	Director	1.00	Director	$0	$0	$0
Chris Roth	Director	1.00	Director	$0	$0	$0
Emily Baker	Director	1.00	Director	$0	$0	$0
Rod MacKinnon	Director	1.00	Director	$0	$0	$0
Bernadette Madarieta	Director	1.00	Director	$0	$0	$0
Jason Manning	Director	1.00	Director	$0	$0	$0
Holli Woodings	Director	1.00	Director	$0	$0	$0
Ted Epperly	Director	1.00	Director	$0	$0	$0
Ernie Hoidal	Director - until Sept 2022	1.00	Director	$0	$0	$0
Richelle Sugiyama	Director	1.00	Director	$0	$0	$0
Odette Bolano	Director	1.00	Director	$0	$0	$0
Mike Reynoldson	Director	1.00	Director	$0	$0	$0
Debbie Flandro	Director	1.00	Director	$0	$0	$0
Cheryl Larabee	Director	1.00	Director	$0	$0	$0
Brent Moylan	Director	1.00	Director	$0	$0	$0
Kenny Bolton	Director	1.00	Director	$0	$0	$0
Korey Hall	Director	1.00	Director	$0	$0	$0
Zach Higgins	Director	1.00	Director	$0	$0	$0
Royanne Minskoff	Director	1.00	Director	$0	$0	$0
Ryan Relyea	Director	1.00	Director	$0	$0	$0
Rick Stacey	Director	1.00	Director	$0	$0	$0
Brian Yeargain	Director	1.00	Director	$0	$0	$0
Paul Powell	Executive Director	40.00	Officer	$189,186	$32,720	$221,906

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$40,142,108	$26,182,366	$234,026,085	$13,959,742
2022	$43,170,415	$24,632,227	$210,513,027	$18,538,188
2021	$29,986,059	$16,304,895	$221,700,125	$13,681,164
2020	$23,699,772	$29,419,696	$181,429,408	$-5,719,924
2019	$28,343,958	$39,118,447	$196,277,006	$-10,774,489
2018	$46,607,855	$43,613,725	$194,939,790	$2,994,130

Boise State University Foundation Inc