Sme Foundation
- Assets
- $6.4m
- Revenue
- $1.4m
- Investments
- $6.1m
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 10/1991
- Data as of
- 09/2021
- EIN
- 84-1175450
Organization Overview
Sme Foundation is located in Englewood, CO. The organization was established in 1991. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sme Foundation 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 09/2021, Sme Foundation generated $1.4m 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 (8.2%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF SCIENTIFIC,TECHNICAL, EDUCATIONAL AND OTHER ACTIVITIES THAT FOSTER INTERCHANGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHD-FELLOWSHIP PROGRAM FOCUSES ON PROVIDING FINANCIAL SUPPORT T QUALIFIED CANDIDATES WITH INDUSTRY EXPERIENCE AND A DESIRE TO PURSUE AN ACADEMIC CAREER, WHO ARE CURRENTLY ENROLLED OR HAVE BEEN FORMALLY ACCEPTED IN A U.S. ACADEMIC INSTITUTION, WITH THE MEANS OF ACQUIRING A DOCTORAL DEGREE IN THE FIELD OF MINING OR EXTRACTIVE METALLURGY/MINERAL PROCESSING AT A U.S. ACCREDITED UNIVERSITY. SME HAS IMPLEMENTED THESE PROGRAMS TO ADDRESS THE LONG-TERM CHALLENGES THAT THREATEN THE SUSTAINABILITY OF U.S. MINING AND MINERAL PROCESSING/EXTRACTIVE METALLURGY ACADEMIC DEGREE GRANTING PROGRAMS, AS WELL AS THE LOOMING FUTURE LABOR DEFICIENCIES ASSOCIATED WITH RETIREMENTS OVER THE NEXT TWO DECADES. PROGRAMS, AS WELL AS THE LOOMING FUTURE LABOR DEFICIENCIES ASSOCIATED WITH RETIREMENTS OVER THE NEXT TWO DECADES.
THE MINERALS EDUCATION COALITION (MEC) IS THE SOCIETY FOR MINING, METALLURGY AND EXPLORATION FOUNDATION'S DESIGNATED PROGRAM TO DEVELOP AND DELIVER ACCURATE AND TIMELY K-12 EDUCATION MATERIALS AND ACTIVITIES AND CONDUCT PUBLIC AWARENESS OUTREACH ABOUT MINING AND MINERALS. THE MEC IS THE SUCCESSOR ENTITY OF THE MINERAL INFORMATION INSTITUTE (MII) WHICH WAS MERGED WITH SME AS OF NOVEMBER 1, 2008 AND SME'S GOVERNMENT, EDUCATION AND MINING (GEM) PROGRAM
THE PENG GROUND CONTROL MINING AWARD IS GIVEN IN RECOGNITION TO INDIVIDUALS THAT HAVE DEMONSTRATED TECHNICAL AND SCIENTIFIC EXCELLENCE IN ADVANCING THE UNDERSTANDING OF GROUND CONTROL TECHNOLOGIES OR APPROACHES BY EITHER PUBLICATION OR DIRECT APPLICATIONS IN THE MINING INDUSTRY. THE ANNUAL AWARD WILL BE GIVEN TO AN INDIVIDUAL OR A GROUP THAT: (1) HAS SHOWN INSIGHT AND UNDERSTANDING OF GROUND CONTROL ISSUES BY DEVELOPING CONCEPTS, THEORIES OR TECHNOLOGIES THAT HAVE BEEN ADOPTED BY THE MINING COMMUNITY, OR (2) HAS SUCCESSFULLY IMPLEMENTED A GROUND CONTROL DESIGN OR DESIGNS OR PRACTICES. THE AWARD WILL BE AVAILABLE TO INDIVIDUALS/GROUPS THAT HAVE MADE SUCH CONTRIBUTIONS TO GROUND CONTROL RELATED TO COAL AND/OR NON-COAL (METALS, COMMODITIES, ETC) OR AGGREGATE MINES. IN ADDITION, IN 2009, THE SYD S. PENG FUND ADDED TWO GROUND CONTROL IN MINING SCHOLARSHIPS TO PROMOTE THE SCIENCE OF GROUND CONTROL. RECENT TRENDS IN MINING ENGINEERING PROFESSIONALS INDICATE A SHORTAGE OF COMPETENT GROUND CONTROL ENGINEERS. TO HELP REMEDY THIS SITUATION AND PROMOTE THE GROUND CONTROL ENGINEERING DISCIPLINE, AN UNDERGRADUATE AND/OR GRADUATE SCHOLARSHIP(S) WILL BE AWARDED ANNUALLY TO ENCOURAGE THE DEVELOPMENT OF GROUND CONTROL ENGINEERS. INDICATE A SHORTAGE OF COMPETENT GROUND CONTROL ENGINEERS. TO HELP REMEDY THIS SITUATION AND PROMOTE THE GROUND CONTROL ENGINEERING DISCIPLINE, AN UNDERGRADUATE AND/OR GRADUATE SCHOLARSHIP(S) WILL BE AWARDED ANNUALLY TO ENCOURAGE THE DEVELOPMENT OF GROUND CONTROL ENGINEERS.
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary B Korpi Past President | OfficerTrustee | 2 | $0 |
Steven J Gardner Vice President Of Finance | OfficerTrustee | 2 | $0 |
David Kanagy Secretary | OfficerTrustee | 5 | $0 |
Thomas Rauch President Elect | OfficerTrustee | 2 | $0 |
Steven Holmes President | OfficerTrustee | 2 | $0 |
William Wilkinson Individual Fundraising Officer | 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 | $1,029,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,016 |
| Total Program Service Revenue | $48,000 |
| Investment income | $117,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $145,160 |
| Net Income from Fundraising Events | $61,704 |
| Net Income from Gaming Activities | $22,967 |
| Net Income from Sales of Inventory | $9,298 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,434,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $716,292 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,851 |
| Payroll taxes | $26,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,689 |
| Fees for services: Other | $52,580 |
| Advertising and promotion | $3,020 |
| Office expenses | $6,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,286 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,300,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,363 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,534 |
| Net Land, buildings, and equipment | $12,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,087,927 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,995 |
| Total assets | $6,445,386 |
| Accounts payable and accrued expenses | $26,000 |
| Grants payable | $0 |
| Deferred revenue | $59,948 |
| 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 | $85,948 |
| Net assets without donor restrictions | $2,583,065 |
| Net assets with donor restrictions | $3,776,373 |
| 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 | $6,445,386 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sme Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Tim And Mary Haddon Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Endowment Analysis
| Beg. Balance | $2,731,223 |
| Earnings | $272,833 |
| Net Contributions | $51,574 |
| Other Expense | $96,037 |
| Ending Balance | $2,959,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Conservation Foundation Denver, CO | $6,156,193 | $13,024,526 |
Environment America Inc Denver, CO | $45,550,735 | $14,481,282 |
Grand Canyon Trust Inc Flagstaff, AZ | $35,143,090 | $9,915,125 |
Badger Creek Corporation Stilwell, KS | $26,149,568 | $5,167,986 |
Housing Resources Of Western Colorado Grand Junction, CO | $12,341,486 | $4,804,755 |
River Network Boulder, CO | $3,721,825 | $4,468,341 |
Compatible Lands Foundation Inc Claremore, OK | $1,764,355 | $3,589,470 |
Summit Land Conservancy Park City, UT | $8,589,642 | $4,445,147 |
Tucson Audubon Society Tucson, AZ | $6,162,054 | $3,148,032 |
Coalitions And Collaboratives Inc Lake George, CO | $744,071 | $2,427,870 |
Platte River Whooping Crane Maintenance Trust Inc Wood River, NE | $12,726,786 | $1,705,315 |
Mountain Studies Institute San Juan Mountains Colorado Silverton, CO | $837,750 | $2,011,165 |