Colorado Mining Association
- Assets
- $984.3k
- Revenue
- $886.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Englewood, CO
- Founding
- 02/1945
- Data as of
- 06/2023
- EIN
- 84-0449425
Organization Overview
Colorado Mining Association is located in Englewood, CO. The organization was established in 1945. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Colorado Mining Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Mining Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Colorado Mining Association generated $886.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $754.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S PRIMARY PURPOSE IS TO FOSTER, PROMOTE AND DEVELOP THE GENERAL WELFARE OF THE MINERAL RESOURCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF NEWSLETTERS, MAGAZINE AND DIRECTORY
ANNUAL CONFERENCE AND EXHIBITION
COMMITTEES, WORKSHOPS AND INDUSTRY PROMOTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard S Dempsey President An | Officer | 40 | $176,380 |
Stephanie Shark Dir Members/ | 40 | $106,160 | |
Lorna Shaw Chair | OfficerTrustee | 2 | $0 |
Mark Chalmers Chair Elect | OfficerTrustee | 2 | $0 |
Jim Sanderson Vice Chair G | OfficerTrustee | 2 | $0 |
Michael Morris Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $868,858 |
| Investment income | $23,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,105 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $886,109 |
| 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. | $202,962 |
| Compensation of current officers, directors, key employees. | $40,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,505 |
| Pension plan accruals and contributions | $1,799 |
| Other employee benefits | $15,450 |
| Payroll taxes | $18,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,501 |
| Fees for services: Lobbying | $122,573 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,298 |
| Fees for services: Other | $13,000 |
| Advertising and promotion | $0 |
| Office expenses | $9,269 |
| Information technology | $15,121 |
| Royalties | $0 |
| Occupancy | $66,158 |
| Travel | $8,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,509 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,510 |
| Insurance | $9,166 |
| All other expenses | $0 |
| Total functional expenses | $754,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125 |
| 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 | $2,900 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $551,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $984,263 |
| 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 | $984,263 |
| 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 | $984,263 |