South Dakota School Of Mines And Technology Foundation

Organization Overview

South Dakota School Of Mines And Technology Foundation, operating under the name Sdsm&t Cara, is located in Rapid City, SD. The organization was established in 1959. As of 06/2021, Sdsm&t Cara employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sdsm&t Cara 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 06/2021, Sdsm&t Cara generated $24.6m 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 (28.3%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (41.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Sdsm&t Cara has awarded 26 individual grants totaling $272,517,792. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE PROMOTE THE TRADITIONS, INTERESTS, INFLUENCE AND REPUTATION OF SOUTH DAKOTA MINES AMONG ALUMNI AND FRIENDS THROUGH MEANINGFUL ENGAGEMENT AND BY INSPIRING AND STEWARDING PHILANTHROPY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS ATTENDING SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY (SDSM&T). SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE SDSM&T SCHOLARSHIP COMMITTEE. PRIZES AND AWARDS ARE GIVEN TO STUDENTS, FACULTY, AND STAFF ACCORDING TO SPECIFIC AWARD CRITERIA.


GENERAL SUPPORT TO SDSM&T, ITS DEPARTMENTS, AND ITS STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Bradley Johnson
Vp-Pres Deve
$130,571
Julie Carver
Chair
$0
Tim Ogdie
Treasurer
$0
Kenneth Miller
1st Vice Cha
$0
Greg Hintgen
2nd Vice Cha
$0
Tyler Artz
Member At La
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $244,100
All other contributions, gifts, grants, and similar amounts not included above$9,678,617
Noncash contributions included in lines 1a–1f $1,144,953
Total Revenue from Contributions, Gifts, Grants & Similar$9,922,717
Total Program Service Revenue$512,507
Investment income $1,929,616
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $137,424
Net Gain/Loss on Asset Sales $12,095,649
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,597,913

Grants Awarded

Over the last fiscal year, South Dakota School Of Mines And Technology Foundation has awarded $5,057,955 in support to 3 organizations.

Grant RecipientAmount

SDSM&T

PURPOSE: SCHOLARSHIPS/FELLOWS

$3,085,483

SDSM&T

PURPOSE: GENERAL SUPPORT

$1,941,021

SDSM&T HARDROCK CLUB

Org PageRecipient Profile

Rapid City, SD

PURPOSE: GENERAL SUPPORT

$31,451
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 25 grants that South Dakota School Of Mines And Technology Foundation has recieved totaling $852,197.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$527,515
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: SPECIAL PROJECT

$77,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$73,072
South Dakota Community Foundation

Pierre, SD

PURPOSE: Education

$56,822
Shell Oil Company Foundation

Houston, TX

PURPOSE: MG

$25,815
Black Hills Area Community Foundation

Rapid City, SD

PURPOSE: COMMUNITY WELFARE

$25,103
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$77,193,803
Earnings$12,125,699
Net Contributions$5,065,038
Other Expense-$415,299
Grants-$1,359,791
Ending Balance$92,609,450

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