The Mineral Trust
- Assets
- $115.5m
- Revenue
- $1.5m
- Investments
- $36.5k
- Employees
- 0
- Location
- Aventura, FL
- Founding
- 10/1990
- Data as of
- 12/2023
- EIN
- 65-0086122
Organization Overview
The Mineral Trust is located in Aventura, FL. The organization was established in 1990. According to its NTEE Classification (U36) the organization is classified as: Geology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mineral Trust 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 12/2023, Mineral Trust generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $439.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MAJOR FUNCTION OF THE TRUST IS TO PROVIDE EDUCATIONAL EXHIBITS TO MAJOR MUSEUMS INCLUDING THE AMERICAN MUSEUM OF NATURAL HISTORY, HARVARD UNIV MINERALOGICAL
MUSEUM,SMITHSONIAN INSTITUTION, PEABODY MUSEUM AT YALE UNIV AND THE ACADEMY OF NAT SCIENCES OF DREXEL. OVER 70 MILLION PEOPLE HAVE BENEFITED FROM THESE EXHIBITS. THE TRUST IS
INVOLVED IN THE DEVELOPMENT AND CONSTRUCTION OF A MUSEUM. IT ALSO DISBURSES AMOUNTS TO PURCHASE AND PRESERVE TOP QUALITY COLLECTION OF MINERAL SPECIMENS, MINERAL BOOKS AND OTHER
RELATED ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Yampol Trustee | 0 | $0 | |
David Yampol Trustee | 0 | $0 | |
Dale Telfer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,526,033 |
| Interest on Savings | $227 |
| Dividends & Interest | $986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,611 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,512,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $58,623 |
| Pension plans, employee benefits | $8,717 |
| Interest | $0 |
| Taxes | $1,562 |
| Depreciation | $22,578 |
| Occupancy | $197,764 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,122 |
| Total operating and administrative expenses | $435,146 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $439,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,703 |
| Savings and temporary cash investments | $909 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $4,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $13,716,401 |
| Other assets | $101,657,320 |
| Total assets | $115,450,627 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $54,848 |
| Total liabilities | $54,848 |
Grants Awarded
Over the last fiscal year, The Mineral Trust has awarded $2,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINERALOGICAL RECORD PURPOSE: TO ASSIST IN THE PUBLICATION OF THE MINERALOGICAL RECORD MAGAZINE WHICH IS AN AUTHORITATIVE MINERAL COLLECTOR'S JOURNAL | $1,000 |
NORTH SHORE LAND ALLIANCE PURPOSE: RECIPIENT IS A LAND TRUST DEDICATED IN PROTECTING OPEN SPACE IN PERPEPTUITY FOR THE ENHANCEMENT OF LIFE & BENEFIT OF FUTURE GENERATIONS | $1,000 |