South Dakota School Of Mines And Technology Foundation

Organization Overview

South Dakota School Of Mines And Technology Foundation, operating under the name Sdsm&t Foundation, is located in Rapid City, SD. The organization was established in 1959. As of 06/2020, Sdsm&t Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Sdsm&t Foundation generated $14.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (39.5%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (47.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Sdsm&t Foundation has awarded 19 individual grants totaling $262,248,506. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE SDSM&T FOUNDATION'S MISSION IS TO ASSIST THE SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY UNIVERSITY IN PROVIDING EXCEPTIONAL INTELLECTUAL, PROFESSIONAL, AND PERSONAL DEVELOPMENT OPPORTUNITIES. WE SEEK THE REQUIRED RESOURCES TO ENHANCE THOSE OPPORTUNITIES TO ENRICH AND EMPOWER THE INDIVIDUAL'S ATTAINMENT OF OUTSTANDING EDUCATIONAL EXPERIENCES, PROFESSIONAL ACCOMPLISHMENTS, AND LIFETIME EXPERIENCES TO ADDRESS SOCIETY'S NEEDS THROUGH TECHNOLOGY.

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
Joel Kincart
President
$213,890
Bradley Johnson
Vp-Pres. Dev
$125,274
Julie Carver
2nd Vice Cha
$0
Lynn Kading
Secretary
$0
Todd Kenner
Chair
$0
Stephen O'rouke
Member At La
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$6,175
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,814,384
Noncash contributions included in lines 1a–1f $1,060,610
Total Revenue from Contributions, Gifts, Grants & Similar$10,820,559
Total Program Service Revenue$384,481
Investment income $1,872,155
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $108,871
Net Gain/Loss on Asset Sales $1,428,351
Net Income from Fundraising Events $11,000
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,625,417

Grants Awarded

Over the last fiscal year, South Dakota School Of Mines And Technology Foundation has awarded $5,211,331 in support to 4 organizations.

Grant RecipientAmount

SDSM&T

PURPOSE: SCHOLARSHIPS/FELLOWS

$3,312,853

SDSM&T

PURPOSE: GENERAL SUPPORT

$1,690,412

SDSM&T ALUMNI ASSN

Org PageRecipient Profile

Rapid City, SD

PURPOSE: GENERAL SUPPORT

$143,000

SDSM&T HARDROCK CLUB

Org PageRecipient Profile

Rapid City, SD

PURPOSE: GENERAL SUPPORT

$65,066
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that South Dakota School Of Mines And Technology Foundation has recieved totaling $50,952.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$50,952
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$69,924,860
Earnings$2,192,471
Net Contributions$6,731,026
Other Expense-$265,887
Grants-$1,388,667
Ending Balance$77,193,803

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