Financial Data & Statistics

Total Assets - 2015

ICF Total Assets 2015

Summarized Financial Data
For Years Ended December 31, 2015 and 2014

A copy of the complete 2014 financial statements audited by Eide Bailly LLP is available upon request from the Idaho Community Foundation, 210 West State Street, Boise, ID 83702.

 

STATEMENTS OF FINANCIAL POSITION


Assets  

2015

2014

  Cash and Equivalents $11,821,386 $19,486,843
  Investments held by trustees $103,690,839 $101,456,018
  Pledge receivable, net of reserves $428,317 $401,143
  Unsettled Trade Receivable   -    $829,592
  Cash surrender value of life insurance $189,491 $190,945
  Property and Equipment, net $868,898 $425,802
  Land held for resale (1) $247,390 $599,631
  Note Receivable $87,090 $97,133
  Other Assets $67,455   -   
  Total Assets $117,400,866 $123,487,107
Liabilities      
  Accounts Payable and accrued liabilities $467,713 $174,980
  Funds Held as Agency Endowments (2) $19,765,800 $18,408,159
  Charitable Gift Annuity Liability $43,092 $47,922
  Total Liabilities $20,276,065 $18,631,061
Net Assets      
  Unrestricted:                   Operating $1,211,945 $876,677
                                       Endowment $84,161,862 $84,349,073
                                       Non-Endowed $11,560,487 $19,432,020
  Temporarily Restricted: Endowment (3) $189,967 $198,276
  Total Net Assets $97,124,261 $104,856,046
  Total Liabilities and Net Assets $117,400,866 $123,487,107
 


STATEMENTS OF ACTIVITIES


Revenues, gains and other support 2015 2014
  Contributions and Memberships $9,020,435 $7,461,933
  Interest and Dividends $2,246,737 $1,724,384
  Investment gains (losses) $(3,807,410) $3,263,569
  Total Revenues $7,459,762 $12,449,886
Expenses      
  Grants and Distributions (2) $13,702,607 $5,548,935
  Administrative $1,584,069 $1,845,131
  Total Expenses $15,286,676 $7,394,066
  Other/Transfers $95,129 $88,996
 

Excess (Deficiency) of Revenues Over Expenses

$(7,731,785) $5,144,816
  NET ASSETS, beginning of year $104,856,046 $99,711,230
  NET ASSETS, end of year $97,124,261 $104,856,046

 

(1) Land for resale includes eleven non-cash contributions of property donated to the Foundation. The Foundation intends to sell the land and place the proceeds in specific funds according to the donation agreements. The value of the land recorded as an asset is equivalent to the county-assessed values for 2015.

(2) The Foundation accounts for its funds held as agency endowments in accordance with FASB Account Standards Codification Topic ASC 958 (previously Statement of Financial Accounting Standards No. 136). ASC 958 specifically requires that if a Not-For-Profit Organization (NPO) accepts cash or other financial assets from a donor, agrees to use those assets on behalf of or transfer those assets to establish a fund at a community foundation, and specifies itself as the beneficiary of that fund, the community foundation must account for the transfer of such asset as a liability. For financial reporting purposes, distributions from agency endowments in the amounts of $708,218 in 2015 and $655,332 in 2014 are not included in the reported Grants and Distributions of the Foundation.

(3) Represents outstanding pledges less reserves.

Tax ID #82-0425063

 


Idaho Community Foundation IRS 990 forms

Click on a year below to view the 990 form for that year.

2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Audited Financial Statements
2014 | 2015 |

TwitterFacebookYouTube