Colorado School Of Mines Foundation
- Assets
- $425.8m
- Revenue
- $49.1m
- Investments
- $101.2m
- Employees
- 79
- Location
- Golden, CO
- Founding
- 03/1960
- Data as of
- 06/2022
- EIN
- 84-0509064
Organization Overview
Colorado School Of Mines Foundation is located in Golden, CO. The organization was established in 1960. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Colorado School Of Mines Foundation employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado School Of Mines Foundation 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 06/2022, Colorado School Of Mines Foundation generated $49.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $46.1m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL RESOURCE DEVELOPMENT AND SUPPORT TO THE COLORADO SCHOOL OF MINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO THE COLORADO SCHOOL OF MINESAND ITS VARIOUS DEPARTMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald W Grandey Vice Chair | OfficerTrustee | 1 | $0 |
Howard E Janzen Chair | OfficerTrustee | 1 | $0 |
Steven R Enger At Large | Trustee | 1 | $0 |
Nancy A Keegan At Large | Trustee | 1 | $0 |
Sandra M Stash At Large | Trustee | 1 | $0 |
Andrew P Swiger At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Investment Consulting | 6/29/23 | $200,000 |
Colorado Legislative Services Lobby Services | 6/29/23 | $118,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,759,573 |
| Investment income | $1,460,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,904 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,959,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,131,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,005,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,575,383 |
| Pension plan accruals and contributions | $225,048 |
| Other employee benefits | $472,754 |
| Payroll taxes | $374,001 |
| Fees for services: Management | $49,339 |
| Fees for services: Legal | $8,135 |
| Fees for services: Accounting | $134,300 |
| Fees for services: Lobbying | $117,954 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,165,330 |
| Fees for services: Other | $48,342 |
| Advertising and promotion | $260,898 |
| Office expenses | $228,027 |
| Information technology | $217,562 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $236,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $48,778 |
| All other expenses | $0 |
| Total functional expenses | $46,122,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,459,774 |
| Savings and temporary cash investments | $11,734,274 |
| Pledges and grants receivable | $16,755,340 |
| Accounts receivable, net | $129,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $272,369,974 |
| Investments—other securities | $101,217,111 |
| Investments—program-related | $1,379,006 |
| Intangible assets | $0 |
| Other assets | $20,799,426 |
| Total assets | $425,843,908 |
| Accounts payable and accrued expenses | $9,598,085 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,229,397 |
| Total liabilities | $48,827,482 |
| Net assets without donor restrictions | $27,820,190 |
| Net assets with donor restrictions | $349,196,236 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $377,016,426 |