South Dakota School Of Mines And Technology Foundation
- Assets
- $121.2m
- Revenue
- $24.6m
- Investments
- $15.0m
- Employees
- 19
- Location
- Rapid City, SD
- Founding
- 10/1959
- Data as of
- 06/2021
- EIN
- 46-6011771
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Johnson Vp-Pres Deve | Officer | 40 | $130,571 |
Greg Hintgen 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Jeff Allen Secretary | OfficerTrustee | 1 | $0 |
Lorin Brass Member At La | OfficerTrustee | 1 | $0 |
Walter Jones Member At La | OfficerTrustee | 1 | $0 |
Rose Luvaas Member At La | OfficerTrustee | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,057,955 |
| 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. | $162,467 |
| Compensation of current officers, directors, key employees. | $65,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,264 |
| Pension plan accruals and contributions | $40,631 |
| Other employee benefits | $136,330 |
| Payroll taxes | $73,401 |
| Fees for services: Management | $171,314 |
| Fees for services: Legal | $23,600 |
| Fees for services: Accounting | $36,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $87,117 |
| Fees for services: Investment Management | $79,717 |
| Fees for services: Other | $2,388 |
| Advertising and promotion | $0 |
| Office expenses | $221,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,221 |
| Travel | $8,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,552 |
| Insurance | $10,712 |
| All other expenses | $0 |
| Total functional expenses | $7,219,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,820 |
| Savings and temporary cash investments | $18,513,287 |
| Pledges and grants receivable | $2,393,423 |
| Accounts receivable, net | $278,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $333,121 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $153,278 |
| Net Land, buildings, and equipment | $8,608,239 |
| Investments—publicly traded securities | $75,255,718 |
| Investments—other securities | $14,997,655 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425,593 |
| Total assets | $121,153,280 |
| Accounts payable and accrued expenses | $927,944 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $51,030 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $346,855 |
| Unsecured mortgages and notes payable | $244,192 |
| Other liabilities | $3,689,861 |
| Total liabilities | $5,259,882 |
| Net assets without donor restrictions | $7,288,583 |
| Net assets with donor restrictions | $108,604,815 |
| 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 | $121,153,280 |
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 Recipient | Amount |
|---|---|
SDSM&T PURPOSE: SCHOLARSHIPS/FELLOWS | $3,085,483 |
SDSM&T PURPOSE: GENERAL SUPPORT | $1,941,021 |
Rapid City, SD PURPOSE: GENERAL SUPPORT | $31,451 |
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 Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Idaho Virtual Academy Inc Meridian, ID | $13,523,804 | $19,379,134 |
Utah Valley University Foundation Inc Orem, UT | $142,004,586 | $26,803,994 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Wichita Collegiate School Wichita, KS | $29,920,797 | $19,193,886 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |