Boise Bible College Inc

“Endowment funds intended to be used for student scholarships: $575,131 endowment funds intended to be used for plant fund: $176,446 the college's endowment consists of 7 individual donor-restricted endowment funds established for a variety of purposes. As required by gaap, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. The college classifies as endowment funds with donor restrictions (a) the value of original and subsequent gifts donated to the endowment (the corpus) and (b) the value of the unexpended funds of the endowment asset beyond the corpus amount. The unexpended funds received for student scholarships are classified as assets with donor restrictions until those amounts are appropriated for expenditure by the organization in a manner consistent with the standard of prudence described by the idaho uniform prudent management of institutional funds act (upmifa). In accordance with upmifa, the organization considers the investment policy of the organization in making a determination to appropriate or accumulate donor-restricted endowment funds.”

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the college may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal years 2024 and 2023. The college files income tax returns in the u.s. Federal jurisdiction. The college's income tax returns are generally no longer subject to examinations by taxing authorities for years before 2020. The college's tax returns are not currently under examination.”

“Investment expenses net from revenue - 30,983”