The Foundation For Natural Resources And Energy Law
- Assets
- $22.9m
- Revenue
- $5.0m
- Investments
- $22.3m
- Employees
- 13
- Location
- Westminster, CO
- Founding
- 03/1959
- Data as of
- 12/2022
- EIN
- 84-6037688
Organization Overview
The Foundation For Natural Resources And Energy Law 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 12/2022, Foundation For Natural Resources And Energy Law employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Natural Resources And Energy Law 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 12/2022, Foundation For Natural Resources And Energy Law generated $5.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
INSTITUTES: 5-DAY SEMINARS (THREE), 3-DAY SEMINARS (TWO), 2-DAY SEMINARS (SIX), 1-DAY SEMINARS (TWO), FOUR-HOUR SEMINARS (EIGHT); ON SPECIALIZED AREAS OF NATURAL RESOURCES AND ENVIRONMENTAL LAW. (APPROXIMATELY 1,626 CLIENTS SERVED)
PUBLICATIONS, PERIODICALS, CDS, AND ONLINE SUBSCRIPTION LIBRARY: EDUCATIONAL MATERIALS ON NATURAL RESOURCES LAW AND ENVIRONMENTAL LAW TOPICS (APPROXIMATELY 6,750 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 (79 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 (35 STUDENTS RECEIVED SCHOLARSHIPS), GRANTS ARE PROVIDED TO CERTAIN LAW SCHOOLS (4 GRANTS GIVEN.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Ritchie Executive Director | Officer | 40 | $272,000 |
Jaleen W Edwards Associate Director | 40 | $118,015 | |
Melissa L Magee Director Of Publications | 40 | $118,000 | |
Jared A Hembree Member-At-Large | Trustee | 0 | $0 |
Robert C Mathes Member-At-Large | Trustee | 0 | $0 |
Nora R Pincus Member-At-Large | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheridan Commercial Inc Rents | 12/30/22 | $167,537 |
Diamondrock Vail Tennant Llc Rentshospitality | 12/30/22 | $125,793 |
The Vail Corporation Rentshospitality | 12/30/22 | $113,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $586,727 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $687,176 |
| Total Program Service Revenue | $1,368,317 |
| Investment income | $883,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,068,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,007,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,368 |
| Grants and other assistance to domestic individuals. | $284,987 |
| Grants and other assistance to Foreign Orgs/Individuals | $59,153 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $610,609 |
| Compensation of current officers, directors, key employees. | $207,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $556,853 |
| Pension plan accruals and contributions | $29,394 |
| Other employee benefits | $96,605 |
| Payroll taxes | $77,297 |
| Fees for services: Management | $3,360 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $295,375 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,347 |
| Office expenses | $10,117 |
| Information technology | $143,125 |
| Royalties | $3,110 |
| Occupancy | $167,536 |
| Travel | $45,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $545,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,570 |
| All other expenses | $182,425 |
| Total functional expenses | $3,331,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $451,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,578 |
| 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 | $123,138 |
| Investments—other securities | $22,348,876 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,939,389 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $22,939,389 |
| 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 | $22,939,389 |