Mineralogical Record Inc
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Tucson, AZ
- Founding
- 04/1972
- Data as of
- 12/2021
- EIN
- 52-0910349
Organization Overview
Mineralogical Record Inc is located in Tucson, AZ. The organization was established in 1972. According to its NTEE Classification (U36) the organization is classified as: Geology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Mineralogical Record Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mineralogical Record Inc 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 12/2021, Mineralogical Record Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $966.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLICATION OF THE MINERALOGICAL RECORD MAGAZINE SIX TIMES EACH YEAR. THE MAGAZINE IS THE MOST AUTHORITATIVE AND WIDELY RESPECTED MINERAL COLLECTORS' JOURNAL IN THE WORLD.
Describe the Organization's Program Activity:
PUBLICATION OF THE MINERALOGICAL RECORD MAGAZINE SIX TIMES EACH YEAR. THE MAGAZINE IS THE MOST AUTHORITATIVE AND WIDELY RESPECTED MINERAL COLLECTORS' JOURNAL IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendell Wilson Director | Trustee | 40 | $125,000 |
Thomas M Gressman Treasurer | OfficerTrustee | 40 | $91,500 |
Gail Copus Spann Chairperson | OfficerTrustee | 1 | $0 |
Allan Young Director | Trustee | 1 | $0 |
Steve Neely MD Director | Trustee | 1 | $0 |
Anthony R Kampf Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,098 |
| Total Program Service Revenue | $796,250 |
| Investment income | $8,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,032,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $216,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,983 |
| Payroll taxes | $31,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $778 |
| Fees for services: Accounting | $17,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,497 |
| Advertising and promotion | $4,246 |
| Office expenses | $17,755 |
| Information technology | $0 |
| Royalties | $517 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,112 |
| Insurance | $8,872 |
| All other expenses | $0 |
| Total functional expenses | $966,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,703 |
| Savings and temporary cash investments | $0 |
| 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 | $142,052 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,403 |
| Investments—publicly traded securities | $522,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,922 |
| Other assets | $1 |
| Total assets | $1,267,443 |
| Accounts payable and accrued expenses | $87,353 |
| Grants payable | $0 |
| Deferred revenue | $77,222 |
| 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 | $497,864 |
| Other liabilities | $5,115 |
| Total liabilities | $667,554 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $599,889 |
| 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 | $1,267,443 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mineralogical Record Inc has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
The Mineral Trust Fort Lauderdale, FL PURPOSE: TO ASSIST IN THE PUBLICATION OF THE MINERALOGICAL RECORD MAGAZINE WHICH IS AN AUTHORITATIVE MINERAL COLLECTOR'S JOURNAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Geological Society Of America Foundation Boulder, CO | $25,155,790 | $3,154,143 |
Earthquake Engineering Research Institute Inc Oakland, CA | $6,271,533 | $2,438,682 |
Mineralogical Record Inc Tucson, AZ | $1,267,443 | $1,032,795 |
Tucson Gem And Mineral Society Inc Tucson, AZ | $866,231 | $716,626 |
American Institute Of Professional Geologists Westminster, CO | $3,145,022 | $984,035 |
Cecil H & Ida M Green Foundation For Earth Sciences La Jolla, CA | $16,525,112 | $1,221,654 |
Rocky Mountain Association Of Geologists Denver, CO | $1,409,204 | $227,835 |
American Institute Of Professional Geologists Westminster, CO | $565,394 | $257,675 |
Geological Engineering Foundation Moraga, CA | $6,463 | $183,678 |
Mining Foundation Of The Southwest Inc Tucson, AZ | $544,759 | $193,900 |
Channel Islands Regional Gis Ventura, CA | $246,622 | $110,993 |
Quartzsite Roadrunner Gem & Mineral Club Inc Quartzsite, AZ | $211,686 | $0 |