Form 990 for tax year 2024
Filed by SDSM&T CENTER FOR ALUMNI RELATIONS & ADVANCEMENT.
Totals
- Total revenue
- $29,330,699
- Total expenses
- $18,056,200
- Contributions and grants received
- $21,115,605
- Grants paid
- $15,015,765
- Program service revenue
- $1,143,902
- Investment income
- $6,822,624
- Other revenue
- $248,568
- Total assets, end of year
- $176,230,668
- Total liabilities, end of year
- $4,972,204
- Net assets or fund balances, end of year
- $171,258,464
- Program services expenses (Part IX)
- $15,467,951
- Management and general expenses
- $1,330,962
- Fundraising expenses
- $1,257,287
- Program service expenses (Part III)
- $15,467,951
Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$21,115,605
-
1g · Noncash contributions included above
$1,861,361
-
2a · Program service revenue: ACTIVITY AND ADMIN FEES
total $1,143,902 · related or exempt $1,143,902
-
3 · Investment income
total $4,468,584 · excluded $4,468,584
-
6a · Gross rents
real property $654,611
-
6b · Less rental expenses
real property $406,043
-
6c · Rental income or loss
real property $248,568
-
6d · Net rental income or loss
total $248,568 · related or exempt $248,568
-
7a · Gross sales of assets other than inventory
securities $20,509,104 · other assets $1,512,370
-
7b · Less cost or other basis and sales expenses
securities $19,298,491 · other assets $368,943
-
7c · Gain or loss
securities $1,210,613 · other assets $1,143,427
-
7d · Net gain or loss
total $2,354,040 · excluded $2,354,040
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,015,765 · program services $15,015,765
-
5 · Compensation of officers, directors and key employees
total $594,652 · management and general $296,013 · fundraising $298,639
-
7 · Other salaries and wages
total $858,858 · program services $167,680 · management and general $377,736 · fundraising $313,442
-
8 · Pension plan contributions
total $34,781 · program services $8,938 · management and general $17,615 · fundraising $8,228
-
9 · Other employee benefits
total $97,611 · program services $17,141 · management and general $51,885 · fundraising $28,585
-
10 · Payroll taxes
total $104,698 · program services $13,401 · management and general $51,407 · fundraising $39,890
-
11b · Fees: legal
total $29,369 · program services $3,759 · management and general $14,420 · fundraising $11,190
-
11c · Fees: accounting
total $33,223 · program services $4,253 · management and general $16,312 · fundraising $12,658
-
11e · Fees: professional fundraising services
total $79,724 · fundraising $79,724
-
11f · Fees: investment management
total $86,894 · management and general $86,894
-
11g · Fees: other
total $14,405 · program services $1,844 · management and general $7,073 · fundraising $5,488
-
12 · Advertising and promotion
total $83 · fundraising $83
-
13 · Office expenses
total $111,130 · program services $13,899 · management and general $53,341 · fundraising $43,890
-
14 · Information technology
total $190,771 · program services $18,328 · management and general $70,306 · fundraising $102,137
-
16 · Occupancy
total $79,953 · program services $10,234 · management and general $39,257 · fundraising $30,462
-
17 · Travel
total $81,925 · program services $15,067 · management and general $3,258 · fundraising $63,600
-
19 · Conferences, conventions and meetings
total $7,163 · program services $917 · management and general $3,517 · fundraising $2,729
-
20 · Interest
total $106,905 · management and general $106,905
-
22 · Depreciation, depletion and amortization
total $133,988 · program services $38,119 · management and general $69,318 · fundraising $26,551
-
23 · Insurance
total $40,888 · program services $5,234 · management and general $20,076 · fundraising $15,578
-
24a · Other expenses: EVENTS & COMMUNICATIONS
total $348,133 · program services $132,696 · management and general $43,036 · fundraising $172,401
-
24b · Other expenses: EQUIP/CAPITAL IMPROVEMENT
total $5,281 · program services $676 · management and general $2,593 · fundraising $2,012
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $143,011 · end of year $646,775
-
2 · Savings and temporary cash investments
beginning of year $25,791,815 · end of year $33,018,755
-
3 · Pledges and grants receivable
beginning of year $15,639,834 · end of year $17,741,928
-
4 · Accounts receivable
beginning of year $957,857 · end of year $1,062,461
-
7 · Other notes and loans receivable
beginning of year $219,566 · end of year $190,000
-
9 · Prepaid expenses and deferred charges
beginning of year $139,201 · end of year $173,427
-
10a · Land, buildings and equipment: cost or other basis
$14,913,377
-
10b · Land, buildings and equipment: accumulated depreciation
$2,175,806
-
10c · Land, buildings and equipment, net
beginning of year $13,032,472 · end of year $12,737,571
-
11 · Investments: publicly traded securities
beginning of year $97,722,432 · end of year $101,416,770
-
12 · Investments: other securities
beginning of year $5,166,148 · end of year $8,752,444
-
15 · Other assets
beginning of year $485,544 · end of year $490,537
-
17 · Accounts payable and accrued expenses
beginning of year $755,254 · end of year $672,806
-
21 · Escrow or custodial account liability
beginning of year $52,158 · end of year $56,184
-
23 · Secured mortgages and notes payable
beginning of year $2,802,820 · end of year $1,325,275
-
25 · Other liabilities
beginning of year $2,818,950 · end of year $2,917,939
-
27 · Net assets without donor restrictions
beginning of year $8,958,390 · end of year $9,899,245
-
28 · Net assets with donor restrictions
beginning of year $143,910,308 · end of year $161,359,219
Mission and programs · 2024
Mission
THE SDSM&T CARA'S MISSION IS TO PROMOTE THE TRADITIONS, INTERESTS, INFLUENCE AND REPUTATION OF SOUTH DAKOTA MINES AMONG ALUMNI AND FRIENDS THROUGH MEANINGFUL ENGAGEMENT AND BY INSPIRING AND STEWARDING PHILANTHROPY.
-
PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS ATTENDING SOUTH DAKOTA MINES. SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE SOUTH DAKOTA MINES FINANCIAL AID OFFICE. PRIZES AND AWARDS ARE GIVEN TO STUDENTS ACCORDING TO SPECIFIC AWARD CRITERIA.
Expenses $4,031,655 · Grants $4,031,655
-
GENERAL SUPPORT TO SOUTH DAKOTA MINES, ITS DEPARTMENTS, AND ITS STUDENTS.
Expenses $11,436,296 · Grants $10,984,110 · Revenue $1,143,902
As filed on the 2024 return.
Listed in Part VII
-
Bradley JohnsonBRADLEY JOHNSON
VP- DEVELOPM
- Total calculated
- $197,604
- From this org
- $168,238
- From related orgs
- $0
- Other
- $29,366
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $168,238
- Bonus
- not reported
- Other
- not reported
- Deferred
- $11,613
- Nontaxable benefits
- $17,753
- Filer's total
- $197,604
-
Marc VaillancourtMARC VAILLANCOURT
CEO
- Total calculated
- $169,553
- From this org
- $153,971
- From related orgs
- $0
- Other
- $15,582
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $153,971
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,500
- Nontaxable benefits
- $9,082
- Filer's total
- $169,553
-
Leah MahoneyLEAH MAHONEY
DIR PLANNED
- Total calculated
- $130,795
- From this org
- $120,102
- From related orgs
- $0
- Other
- $10,693
- Hours/week
- 45
-
Audrey BoehmAUDREY BOEHM
CFO
- Total calculated
- $117,691
- From this org
- $111,249
- From related orgs
- $0
- Other
- $6,442
- Hours/week
- 45
-
Jeremy AdamsJEREMY ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff AllenJEFF ALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark BensonMARK BENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Karla CallahanKARLA CALLAHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jerry FarkeJERRY FARKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John HendersonJOHN HENDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg HintgenGREG HINTGEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bill JonesBILL JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carlos Beatty JrCARLOS BEATTY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shashi KanthSHASHI KANTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike KochMIKE KOCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Renita MollmanRENITA MOLLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert MorcomROBERT MORCOM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marlene NelsonMARLENE NELSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim OgdieTIM OGDIE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Toni RichardsonTONI RICHARDSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jerilyn RobertsJERILYN ROBERTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence SchmaltzLAWRENCE SCHMALTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Duke TallamDUKE TALLAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rich WellsRICH WELLS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Todd WilliamsTODD WILLIAMS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lisa ZacherLISA ZACHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 5a · Pay contingent on this organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 5A
- CARA HAS ESTABLISHED A BONUS PLAN. IF PRIOR YEAR GOALS ARE MET, WHICH INCLUDE CONTRIBUTION REVENUE GOALS AND OTHER PERFORMANCE RELATED METRICS, THE CEO AND SELECT MEMBERS OF THE ADVANCEMENT TEAM MAY BE ELIGIBLE FOR A BONUS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SDSM&T
$10,969,710
GENERAL SUPPORT
-
SDSM&T
$4,031,655
SCHOLARSHIPS/FELLOWS
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CORRIDOR LLC
INVESTING · SD · assets $135,000
Directly controlled by CARA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
TECH VENTURES INC
C CORP · MGMT. · SD
Directly controlled by CARA
-
CHARIT REMAINDER TRUSTS (21)
TRUST · CRT · SD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543459349301334
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