Rocky Mountain Mineral Law Foundation
- Assets
- $19.2m
- Revenue
- $2.7m
- Investments
- $18.7m
- Employees
- 12
- Location
- Westminster, CO
- Founding
- 03/1959
- Data as of
- 12/2020
- EIN
- 84-6037688
Organization Overview
Rocky Mountain Mineral Law Foundation is located in Westminster, CO. The organization was established in 1959. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2021, Rocky Mountain Mineral Law Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain Mineral Law 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 12/2020, Rocky Mountain Mineral Law Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATION TO THE DEVELOPMENT AND DISSEMINATION OF COLLABORATIVE SCHOLARLY AND PRACTICAL EDUCATIONAL MATERIALS ON THE LAWS AND REGULATIONS RELATING TO MINING, OIL AND GAS, PUBLIC LANDS, ENVIRONMENTAL PROTECTION, AND OTHER RELATED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTES: 5-DAY SEMINAR (ONE), 4-DAY SEMINAR (ONE), 2-DAY SEMINARS (TWO), 1-DAY SEMINARS (TWO), TWO-HOUR SEMINARS (ONE), ONE-HOUR SEMINARS (FOURTEEN), ON SPECIALIZED AREAS OF NATURAL RESOURCES AND ENVIRONMENTAL LAW. (APPROXIMATELY 4,433 CLIENTS SERVED)
PUBLICATIONS, PERIODICALS, CDS, AND ONLINE SUBSCRIPTION LIBRARY: EDUCATIONAL MATERIALS ON NATURAL RESOURCES LAW AND ENVIRONMENTAL LAW TOPICS (APPROXIMATELY 6,586 CLIENTS SERVED.)
OUTREACH: A PROGRAM INITIATED TO SUPPORT MINERAL LAW SCHOLARSHIP, RESEARCH, WRITING, TEACHING AND STUDY. PROGRAM ALSO SUPPORTS LAW SCHOOL STUDENTS IN ATTENDING FOUNDATION INSTITUTES AND CLASSES (8 INDIVIDUALS AND SCHOOLS SUPPORTED.) ALSO SUPPORTS A LAW STUDENT NETWORKING PROGRAM FACILITATING COLLABORATION OF STUDENTS AND FACULTY IN MINERAL LAW TOPICS (3 SCHOOLS SUPPORTED.) SCHOLARSHIPS ARE PROVIDED TO INDIVIDUAL STUDENTS ATTENDING LAW SCHOOL (44 STUDENTS RECEIVED SCHOLARSHIPS), GRANTS ARE PROVIDED TO CERTAIN LAW SCHOOLS (4 GRANTS GIVEN.)
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 |
|---|---|---|---|
David A Ritchie Executive Director | Officer | 40 | $265,825 |
Margaret Macdonnell Director Of Publications | 40 | $129,677 | |
Jaleen Edwards Associate Director | 40 | $111,358 | |
Melissa L Magee Director Of Publications | 40 | $103,154 | |
Mark H Holland Associate Director | 20 | $92,543 | |
Neil G Westesen Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $726,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,026 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $928,026 |
| Total Program Service Revenue | $533,580 |
| Investment income | $1,435,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$191,971 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,704,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | -$3,214 |
| Grants and other assistance to domestic individuals. | $171,360 |
| Grants and other assistance to Foreign Orgs/Individuals | $65,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $652,765 |
| Compensation of current officers, directors, key employees. | $298,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,178 |
| Pension plan accruals and contributions | $42,384 |
| Other employee benefits | $128,994 |
| Payroll taxes | $81,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $218,495 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,289 |
| Office expenses | $4,376 |
| Information technology | $143,388 |
| Royalties | $4,994 |
| Occupancy | $151,468 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,080 |
| All other expenses | $222,349 |
| Total functional expenses | $2,703,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $413,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $123,438 |
| Investments—other securities | $18,683,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,221,257 |
| Accounts payable and accrued expenses | $0 |
| 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 | $278,989 |
| Other liabilities | $0 |
| Total liabilities | $278,989 |
| Net assets without donor restrictions | $18,942,268 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,221,257 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rocky Mountain Mineral Law Foundation has recieved totaling $129,000.
| Awarding Organization | Amount |
|---|---|
Moran Foundation Hobbs, NM PURPOSE: CHARLES E MORAN SCHOLARSHIP | $127,500 |
Frank W Yates Jr Family Foundation Santa Fe, NM PURPOSE: DONATION | $1,500 |
Endowment Analysis
| Beg. Balance | $975,795 |
| Earnings | $124,783 |
| Admin Expense | $8,543 |
| Net Contributions | $245,006 |
| Grants | $61,250 |
| Ending Balance | $1,275,791 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Climate Education Inc Boulder, CO | $2,788,123 | $6,974,503 |
Keystone Center Keystone, CO | $2,770,017 | $5,334,890 |
Rocky Mountain Mineral Law Foundation Westminster, CO | $19,221,257 | $2,704,948 |
Playa Lakes Joint Venture Lafayette, CO | $972,583 | $2,111,294 |
Environment America Research And Policy Center Inc Denver, CO | $5,310,823 | $1,522,655 |
Southwest Research And Information Center Albuquerque, NM | $1,613,779 | $1,389,913 |
Institute For Social And Environmental Transition-Intl Boulder, CO | $1,217,085 | $1,280,636 |
2030 Inc Santa Fe, NM | $352,745 | $826,634 |
Start International Fort Collins, CO | $1,565,638 | $1,018,936 |
Environmental Action Inc Denver, CO | $1,612,631 | $783,138 |
Western Way Organization Denver, CO | $29,939 | $355,000 |
Sonora Environmental Research Institute Inc Tucson, AZ | $190,755 | $641,646 |