Idaho State University Foundation Inc

EIN: 826013543 501(c)(3) Education

Pocatello, ID

Total Revenue
$24,248,460
Total Expenses
$23,364,912
Total Assets
$147,877,649
Net Assets
$140,869,361
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
ID
Principal Officer
Arlo Luke
Phone
2082823470
Tax Period
2024-07-01 to 2025-06-30

Idaho State University Foundation Inc, founded in 1967, is a mid-sized nonprofit in the Education sector that reported $24.2M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $23.4M left a modest 4% surplus.

Mission

The mission of the Foundation is to stimulate voluntary private support from alumni, parents, friends, corporations, foundations, and others for the benefit of the University and its students.

Program Service Accomplishments

Program 1
Expenses: $19,291,844 Revenue: $1,609,896

The Idaho State University Foundation, Inc. (the Foundation) was formed in March 1967. The Foundation is a not-for-profit corporation incorporated in accordance with the laws of the State of Idaho...

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The Idaho State University Foundation, Inc. (the Foundation) was formed in March 1967. The Foundation is a not-for-profit corporation incorporated in accordance with the laws of the State of Idaho and is managed by a volunteer Board of Directors. Under the Idaho State Board of Education's administrative rules the Foundation must be independent of, and cannot be controlled by, Idaho State University (the University). Operating and services agreements between the Foundation and the University define the relationship between the two entities in accordance with the State Board of Education's rules. The mission of the Foundation is accomplished by focusing on two primary service areas. (Continued on Schedule O)Academic, development and program support:The Foundation supports private individuals and organizations in contributing to the University programs and projects that are meaningful to the donor and important to the University. The Foundation provides assurance that contributions will be received, distributed and used in the manner the donor intended. The donated resources provide additional opportunities for students and promote a degree of institutional excellence unavailable with state funding levels.Endowment and private resource management:The Foundation manages the endowment and other privately donated funds received for the benefit of the University and its programs. Management of these resources includes selection of investment advisors, establishing investment targets and allocations, enhancing returns invested funds and managing cash flows to meet the spending needs of the University from endowment and other funds.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,440,450
Program Service Revenue $1,609,896
Investment Income $7,198,114
Other Revenue $0
TOTAL REVENUE $24,248,460

Expense Breakdown

Grants Paid $18,632,670
Salaries & Benefits $0
Fundraising Expenses $866,874
Program Expenses $19,291,844
Other Expenses $4,732,242
TOTAL EXPENSES $23,364,912

Year-over-Year Comparison

2024 2023 Change
Revenue $24,248,460 $26,245,270 -0.1%
Expenses $23,364,912 $17,113,050 +0.4%
Net Income $883,548 $9,132,220 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
29

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
7
$54,029
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beena Mannan Chair 6.00
Officer Director
$0 $0 $0
Steve Rice Vice Chair 2.00
Officer Director
$0 $0 $0
Crystal Allen Secretary 2.00
Officer Director
$0 $0 $0
John Kent Past Chair 2.00
Officer Director
$0 $0 $0
AJ Balukoff Left 1024 Board Member 1.00
Director
$0 $0 $0
Alan Stanek Left 1024 Board Member 1.00
Director
$0 $0 $0
Arturo Beery Board Member 3.00
Director
$0 $0 $0
Bill McNabb Left 1024 Board Member 0.50
Director
$0 $0 $0
Charis Lau From 0425 Board Member 1.00
Director
$0 $0 $0
Douglas Chambers From 1024 Board Member 1.00
Director
$0 $0 $0
Gina Briggs From 0425 Board Member 1.00
Director
$0 $0 $0
Jake Erikson Board Member 1.00
Director
$0 $0 $0
Jayson Ronk From 0425 Board Member 0.50
Director
$0 $0 $0
Joel Phillips Board Member 1.00
Director
$0 $0 $0
Marc McDonald Board Member 5.00
Director
$0 $0 $0
Michael Watson Board Member 1.00
Director
$0 $0 $0
Mike Byrne Lifetime Board Member 3.00
Director
$0 $0 $0
Shelly Sayer Board Member 1.00
Director
$0 $0 $0
Stephen Beckley Left 1224 Board Member 1.00
Director
$0 $0 $0
Steven Skaggs Board Member 2.00
Director
$0 $0 $0
Susan Campbell Board Member 3.00
Director
$0 $0 $0
Troy Bell Left 1024 Board Member 1.50
Director
$0 $0 $0
Williams Eames Left 0125 Lifetime Board Member 1.00
Director
$0 $0 $0
Zakery Warren Board Member 1.00
Director
$0 $0 $0
Ronald Bollinger From 1024 Board Member 0.50
Director
$0 $0 $0
Travis Quast From 1024 Board Member 0.50
Director
$0 $0 $0
Trisa Clemons From 1024 Board Member 2.00
Director
$0 $0 $0
Stephanie Smith From 0125 Executive Vice President 10.00
Officer
$0 $0 $0
Catherine Wooton Left 0724 Executive Vice President 6.00
Officer
$40,698 $13,331 $54,029
Arlo Luke Treasurer 2.00
Officer
$0 $0 $0
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 $24,248,460 $23,364,912 $147,877,649 $883,548
2024 No data No data No data No data
2023 $26,830,565 $21,254,787 $124,780,150 $5,575,778
2022 $39,421,629 $13,646,497 $117,858,763 $25,775,132
2021 $14,176,900 $10,212,859 $103,380,553 $3,964,041
2020 $15,046,215 $9,854,932 $81,825,834 $5,191,283
2019 $16,190,702 $12,334,649 $81,068,663 $3,856,053
2018 $12,971,649 $6,442,469 $76,880,386 $6,529,180
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