SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

An engineering, science and technology university

aka SDSM&T FOUNDATION | RAPID CITY, SD | https://cara.sdsmt.edu

GuideStar Charity Check

EIN: 46-6011771

Contributions tax deductible
as of November 2023

IRS BMF 509(a)(1)
as of November 13, 2023

View summary

Charity Check report

Mission

The Foundation exists to develop and manage private resources to support the mission and priorities of SDSM&T, to support the needs of students, faculty and staff and to contribute to institutional excellence.

Ruling year info

1959

CEO

Paul R. Krueger

Main address

330 E KANSAS CITY ST

RAPID CITY, SD 57701 USA

Show more contact info

Formerly known as

South Dakota School of Mines & Technology Foundation

EIN

46-6011771

Subject area info

Higher education

Graduate and professional education

Engineering

Population served info

Adults

NTEE code info

Higher Education Institutions (B40)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Mines Annual Fund

The Mines Annual Fund creates flexibility for the university to leverage areas we all care about, including scholarships, student organizations, faculty, and infrastructure. Combining the efforts of the Alumni Association, Foundation and Hardrock Club allows the university's successes to continue to multiply. Already, Mines boasts a 97 percent placement rate; average early-career salaries above $63,000; and a spot on "America's 100 Best College Buys" for 17 years--surpassing even Harvard with its early-career return on investment.

Population(s) Served

Adults

Where we work

External reviews

Financials

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Fiscal year: Jul 01 - Jun 30

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

23.25

Average of 10.53 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

2.4

Average of 8 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

31%

Average of 19% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$6,110,252
Government Grants	$36,000
Program Services	$196,194
Investments	($10,819,847)
Special Events	$7,824
Sales	$0
Other	$0
Total Revenue	($4,469,577)

Expenses
Program Services	$3,324,221
Administration	$733,283
Fundraising	$899,922
Total Expenses	$4,957,426
Net Gain/Loss	($9,427,003)

Functional expenses
Accounting Fees	$16,960
Advertising & Promotion	$67,769
Information Technology Expenses	$0
Insurance Expenses	$8,373
Interest Expenses	$0
Investment Management Fees	$161,434
Legal Fees	$5,682
Pension Plan Contributions	$30,400
Professional Fundraising Expenses	$63,033

Revenue
Contributions	$4,312,536
Government Grants	$36,000
Program Services	$181,199
Investments	$1,865,763
Special Events	($547)
Sales	$0
Other	$0
Total Revenue	$6,394,951

Expenses
Program Services	$4,219,144
Administration	$606,607
Fundraising	$833,815
Total Expenses	$5,659,566
Net Gain/Loss	$735,385

Functional expenses
Accounting Fees	$19,981
Advertising & Promotion	$67,885
Information Technology Expenses	$0
Insurance Expenses	$9,882
Interest Expenses	$0
Investment Management Fees	$146,747
Legal Fees	$1,219
Pension Plan Contributions	$25,588
Professional Fundraising Expenses	$20,563

Revenue
Contributions	$9,360,004
Government Grants	$0
Program Services	$214,241
Investments	$2,428,764
Special Events	($9,950)
Sales	$0
Other	$0
Total Revenue	$11,993,059

Expenses
Program Services	$4,329,831
Administration	$722,880
Fundraising	$1,038,220
Total Expenses	$6,090,931
Net Gain/Loss	$5,902,128

Functional expenses
Accounting Fees	$22,475
Advertising & Promotion	$126,123
Information Technology Expenses	$12,066
Insurance Expenses	$9,975
Interest Expenses	$0
Investment Management Fees	$195,184
Legal Fees	$1,725
Pension Plan Contributions	$29,045
Professional Fundraising Expenses	$26,301

Revenue
Contributions	$5,502,429
Government Grants	$0
Program Services	$205,448
Investments	$1,942,712
Special Events	$20,119
Sales	$0
Other	$0
Total Revenue	$7,670,708

Expenses
Program Services	$4,115,587
Administration	$670,408
Fundraising	$923,824
Total Expenses	$5,709,819
Net Gain/Loss	$1,960,889

Functional expenses
Accounting Fees	$22,632
Advertising & Promotion	$78,603
Information Technology Expenses	$12,539
Insurance Expenses	$8,108
Interest Expenses	$0
Investment Management Fees	$201,361
Legal Fees	$7,770
Pension Plan Contributions	$30,066
Professional Fundraising Expenses	$32,850

Revenue
Contributions	$56,724,341
Government Grants	$0
Program Services	$316,756
Investments	$4,154,256
Special Events	$97,482
Sales	$0
Other	$0
Total Revenue	$61,292,835

Expenses
Program Services	$55,551,485
Administration	$651,597
Fundraising	$891,433
Total Expenses	$57,094,515
Net Gain/Loss	$4,198,320

Functional expenses
Accounting Fees	$23,113
Advertising & Promotion	$84,350
Information Technology Expenses	$13,119
Insurance Expenses	$12,467
Interest Expenses	$0
Investment Management Fees	$187,291
Legal Fees	$1,501
Pension Plan Contributions	$21,740
Professional Fundraising Expenses	$29,987

Revenue
Contributions	$9,863,788
Government Grants	$0
Program Services	$510,248
Investments	$2,291,972
Special Events	$24,371
Sales	$0
Other	$0
Total Revenue	$12,938,142

Expenses
Program Services	$3,727,768
Administration	$703,461
Fundraising	$994,312
Total Expenses	$5,425,541
Net Gain/Loss	$7,512,601

Functional expenses
Accounting Fees	$22,891
Advertising & Promotion	$100,426
Information Technology Expenses	$15,492
Insurance Expenses	$10,346
Interest Expenses	$0
Investment Management Fees	$196,230
Legal Fees	$363
Pension Plan Contributions	$21,804
Professional Fundraising Expenses	$67,500

Revenue
Contributions	$6,032,518
Government Grants	$0
Program Services	$537,369
Investments	$5,259,515
Special Events	($4,108)
Sales	$0
Other	$0
Total Revenue	$11,825,294

Expenses
Program Services	$5,055,238
Administration	$832,497
Fundraising	$1,081,645
Total Expenses	$6,969,380
Net Gain/Loss	$4,855,914

Functional expenses
Accounting Fees	$23,585
Advertising & Promotion	$115,420
Information Technology Expenses	$0
Insurance Expenses	$9,422
Interest Expenses	$19,533
Investment Management Fees	$262,758
Legal Fees	$0
Pension Plan Contributions	$24,553
Professional Fundraising Expenses	$6,121

Revenue
Contributions	$181,283,849
Government Grants	$0
Program Services	$666,220
Investments	($995,597)
Special Events	($3,330)
Sales	$0
Other	$0
Total Revenue	$180,951,142

Expenses
Program Services	$178,191,925
Administration	$743,237
Fundraising	$1,060,805
Total Expenses	$179,995,967
Net Gain/Loss	$955,175

Functional expenses
Accounting Fees	$24,214
Advertising & Promotion	$134,102
Information Technology Expenses	$10,299
Insurance Expenses	$10,010
Interest Expenses	$0
Investment Management Fees	$145,347
Legal Fees	$363
Pension Plan Contributions	$23,947
Professional Fundraising Expenses	$0

Revenue
Contributions	$5,785,421
Government Grants	$0
Program Services	$400,386
Investments	$4,410,063
Special Events	$8,633
Sales	$0
Other	$0
Total Revenue	$10,604,503

Expenses
Program Services	$4,653,558
Administration	$671,544
Fundraising	$1,030,329
Total Expenses	$6,355,431
Net Gain/Loss	$4,249,072

Functional expenses
Accounting Fees	$23,452
Advertising & Promotion	$106,257
Information Technology Expenses	$12,662
Insurance Expenses	$8,815
Interest Expenses	$0
Investment Management Fees	$100,971
Legal Fees	$659
Pension Plan Contributions	$24,138
Professional Fundraising Expenses	$62,261

Revenue
Contributions	$7,643,011
Government Grants	$0
Program Services	$367,827
Investments	$4,116,564
Special Events	$27,908
Sales	$0
Other	$0
Total Revenue	$12,155,310

Expenses
Program Services	$4,791,415
Administration	$672,925
Fundraising	$1,059,668
Total Expenses	$6,524,008
Net Gain/Loss	$5,631,302

Functional expenses
Accounting Fees	$21,939
Advertising & Promotion	$86,475
Information Technology Expenses	$14,373
Insurance Expenses	$11,929
Interest Expenses	$0
Investment Management Fees	$85,726
Legal Fees	$9,972
Pension Plan Contributions	$28,126
Professional Fundraising Expenses	$62,663

Revenue
Contributions	$72,357,129
Government Grants	$0
Program Services	$594,455
Investments	$2,744,619
Special Events	$8,646
Sales	$0
Other	$0
Total Revenue	$75,704,849

Expenses
Program Services	$68,998,597
Administration	$690,839
Fundraising	$1,150,588
Total Expenses	$70,840,024
Net Gain/Loss	$4,864,825

Functional expenses
Accounting Fees	$22,769
Advertising & Promotion	$146,301
Information Technology Expenses	$13,948
Insurance Expenses	$10,950
Interest Expenses	$0
Investment Management Fees	$93,478
Legal Fees	$12,974
Pension Plan Contributions	$31,490
Professional Fundraising Expenses	$55,157

Revenue
Contributions	$10,820,559
Government Grants	$0
Program Services	$384,481
Investments	$3,409,377
Special Events	$11,000
Sales	$0
Other	$0
Total Revenue	$14,625,417

Expenses
Program Services	$5,211,331
Administration	$783,985
Fundraising	$1,247,347
Total Expenses	$7,242,663
Net Gain/Loss	$7,382,754

Functional expenses
Accounting Fees	$24,655
Advertising & Promotion	$108,871
Information Technology Expenses	$17,334
Insurance Expenses	$12,048
Interest Expenses	$13,228
Investment Management Fees	$87,978
Legal Fees	$71,394
Pension Plan Contributions	$48,235
Professional Fundraising Expenses	$56,805

Revenue
Contributions	$9,678,617
Government Grants	$244,100
Program Services	$512,507
Investments	$14,162,689
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$24,597,913

Expenses
Program Services	$5,057,955
Administration	$855,278
Fundraising	$1,306,206
Total Expenses	$7,219,439
Net Gain/Loss	$17,378,474

Functional expenses
Accounting Fees	$36,380
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$10,712
Interest Expenses	$0
Investment Management Fees	$79,717
Legal Fees	$23,600
Pension Plan Contributions	$40,631
Professional Fundraising Expenses	$87,117

Revenue
Contributions	$122,210,920
Government Grants	$244,192
Program Services	$743,319
Investments	$4,026,289
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$127,224,720

Expenses
Program Services	$110,754,873
Administration	$928,689
Fundraising	$1,378,852
Total Expenses	$113,062,414
Net Gain/Loss	$14,162,306

Functional expenses
Accounting Fees	$26,785
Advertising & Promotion	$0
Information Technology Expenses	$15,686
Insurance Expenses	$17,375
Interest Expenses	$10,968
Investment Management Fees	$78,417
Legal Fees	$46,294
Pension Plan Contributions	$31,008
Professional Fundraising Expenses	$81,849

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$6,110,252
Cash & Equivalents	$2,362,790	$5,136,307	$2,773,517
Accounts Receivable	$133,743	$162,227	$28,484
Pledges & Grants Receivable	$591,704	$591,155	($549)
Receivable, Other	$681,644	$1,259,006	$577,362
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$45,932,457	$31,765,201	($14,167,256)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,126,766	$5,495,201	$1,368,435
Other	$77,265	$59,293	($17,972)
Total Assets	$53,906,369	$44,468,390	($9,437,979)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Accounts Payable	$1,171,815	$1,168,648	($3,167)
Grants Payable	$0	$0	$0
Deferred Revenue	$118,029	$14,985	($103,044)
Loans and Notes	$513,214	$1,197,324	$684,110
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$4,822,386	$4,311,042	($511,344)
Total Liabilities	$6,625,444	$6,691,999	$66,555

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Temporarily Restricted Net Assets	$7,352,872	$7,436,214	$83,342
Permanently Restricted Net Assets	$35,116,914	$27,965,162	-$7,151,752
Total Restricted Net Assets	$42,469,786	$35,401,376	($7,068,410)
Unrestricted Net Assets	$4,811,139	$2,375,015	($2,436,124)
Net Assets	$47,280,925	$37,776,391	($9,504,534)

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$4,312,536
Cash & Equivalents	$5,136,307	$1,090,016	($4,046,291)
Accounts Receivable	$162,227	$210,228	$48,001
Pledges & Grants Receivable	$591,155	$639,626	$48,471
Receivable, Other	$1,259,006	$1,185,729	($73,277)
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$31,765,201	$38,113,972	$6,348,771
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$5,495,201	$4,830,397	($664,804)
Other	$59,293	$166,507	$107,214
Total Assets	$44,468,390	$46,236,475	$1,768,085

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Accounts Payable	$1,168,648	$1,454,149	$285,501
Grants Payable	$0	$0	$0
Deferred Revenue	$14,985	$5,547	($9,438)
Loans and Notes	$1,197,324	$480,651	($716,673)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$4,311,042	$4,309,856	($1,186)
Total Liabilities	$6,691,999	$6,250,203	($441,796)

Fund balance	Jul 01, 2009	Jun 30, 2010	Change
Temporarily Restricted Net Assets	$7,436,214	$7,846,900	$410,686
Permanently Restricted Net Assets	$27,965,162	$30,031,395	$2,066,233
Total Restricted Net Assets	$35,401,376	$37,878,295	$2,476,919
Unrestricted Net Assets	$2,375,015	$2,107,977	($267,038)
Net Assets	$37,776,391	$39,986,272	$2,209,881

Assets	Jul 01, 2010	Jun 30, 2011	Change
Contributions	$9,360,004
Cash & Equivalents	$1,090,016	$1,060,635	($29,381)
Accounts Receivable	$210,228	$157,848	($52,380)
Pledges & Grants Receivable	$639,626	$4,487,005	$3,847,379
Receivable, Other	$1,185,729	$1,067,187	($118,542)
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$38,113,972	$46,591,401	$8,477,429
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,830,397	$4,960,705	$130,308
Other	$166,507	$86,419	($80,088)
Total Assets	$46,236,475	$58,411,200	$12,174,725

Liabilities	Jul 01, 2010	Jun 30, 2011	Change
Accounts Payable	$1,454,149	$1,964,526	$510,377
Grants Payable	$0	$0	$0
Deferred Revenue	$5,547	$3,921	($1,626)
Loans and Notes	$480,651	$1,149,157	$668,506
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$4,309,856	$4,762,589	$452,733
Total Liabilities	$6,250,203	$7,880,193	$1,629,990

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of SOUTH DAKOTA MINES Center for Alumni Relations and Advancement’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$1,858,572	$3,774,984	-$365,613	$908,100	$254,626
As % of expenses	28.5%	5.3%	-5.1%	12.8%	0.2%
Unrestricted surplus (deficit) after depreciation	$1,858,572	$3,774,984	-$467,168	$804,548	$150,839
As % of expenses	28.5%	5.3%	-6.5%	11.1%	0.1%

Revenue composition
Total revenue (unrestricted & restricted)	$12,155,310	$75,704,849	$14,625,417	$24,597,913	$127,224,720
Total revenue, % change over prior year	14.6%	522.8%	-80.7%	68.2%	417.2%
Program services revenue	3.0%	0.8%	2.6%	2.1%	0.6%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	11.0%	3.1%	12.8%	7.8%	2.4%
Government grants	0.0%	0.0%	0.0%	1.0%	0.2%
All other grants and contributions	63.1%	95.6%	74.1%	39.3%	96.1%
Other revenue	22.8%	0.5%	10.5%	49.7%	0.8%

Expense composition
Total expenses before depreciation	$6,524,008	$70,840,024	$7,141,108	$7,115,887	$112,958,627
Total expenses, % change over prior year	2.7%	985.8%	-89.9%	-0.4%	1487.4%
Personnel	18.2%	1.7%	17.5%	17.2%	1.2%
Professional fees	2.8%	0.3%	3.9%	5.6%	0.2%
Occupancy	0.6%	0.0%	0.8%	0.2%	0.1%
Interest	0.0%	0.0%	0.2%	0.0%	0.0%
Pass-through	73.4%	97.4%	73.0%	71.1%	98.0%
All other expenses	5.0%	0.6%	4.7%	5.9%	0.4%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$6,524,008	$70,840,024	$7,242,663	$7,219,439	$113,062,414
One month of savings	$543,667	$5,903,335	$595,092	$592,991	$9,413,219
Debt principal payment	$9,014,038	$704,650	$0	$0	$262,812
Fixed asset additions	$0	$120,596	$4,149,634	$0	$235,125
Total full costs (estimated)	$16,081,713	$77,568,605	$11,987,389	$7,812,430	$122,973,570

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	4.7	0.6	21.6	31.5	2.4
Months of cash and investments	147.3	14.0	150.7	183.7	11.6
Months of estimated liquid unrestricted net assets	-0.6	0.4	-3.2	-1.6	-0.1

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$2,580,234	$3,262,842	$12,830,855	$18,708,107	$22,809,267
Investments	$77,491,485	$79,170,113	$76,846,443	$90,253,373	$86,637,964
Receivables	$5,162,114	$3,910,194	$3,566,429	$3,004,690	$3,938,439
Gross land, buildings, equipment (LBE)	$5,574,422	$5,693,869	$9,990,443	$10,095,509	$10,433,637
Accumulated depreciation (as a % of LBE)	18.4%	17.9%	12.7%	14.7%	16.2%
Liabilities (as a % of assets)	6.5%	5.2%	4.4%	4.3%	3.2%
Unrestricted net assets	$3,176,219	$6,951,203	$6,484,035	$7,288,583	$7,439,422
Temporarily restricted net assets	$21,710,605	$20,182,634	N/A	N/A	N/A
Permanently restricted net assets	$59,729,619	$63,498,563	N/A	N/A	N/A
Total restricted net assets	$81,440,224	$83,681,197	$91,497,328	$108,604,815	$111,370,868
Total net assets	$84,616,443	$90,632,400	$97,981,363	$115,893,398	$118,810,290

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

CEO

Paul R. Krueger

Number of employees

Source: IRS Form 990

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Highest paid employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of highest paid employee data for this organization

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Board of directors
as of 06/12/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Julie Carver

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities

Gross receipts from fundraising

Retained by organization

Paid to fundraiser

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

An engineering, science and technology university

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Mines Annual Fund

Where we work

Financials

Revenue vs. expenses: breakdown

Liquidity in 2022 info

23.25

Months of cash in 2022 info

2.4

Fringe rate in 2022 info

31%

Funding sources info

Assets & liabilities info

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Digitizing IRS form 990 data

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

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CEO

Paul R. Krueger

Number of employees

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

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SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Compensation data

SOUTH DAKOTA MINES Center for Alumni Relations and Advancement

Board of directors data

Julie Carver

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