Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $89,712

• 1f · All other contributions, gifts and grants

  $38,960,434

• 1g · Noncash contributions included above

  $5,570,232

• 2a · Program service revenue: DEVELOPMENT FEE

  total $2,950,000 · related or exempt $2,950,000

• 2b · Program service revenue: ADMINISTRATION FEES

  total $497,924 · related or exempt $497,924

• 2c · Program service revenue: ALUMNI RELATIONS

  total $34,827 · related or exempt $34,827

• 3 · Investment income

  total $1,412,148 · excluded $1,412,148

• 5 · Royalties

  total $10,152 · excluded $10,152

• 7a · Gross sales of assets other than inventory

  securities $281,732,179

• 7b · Less cost or other basis and sales expenses

  securities $272,905,714

• 7c · Gain or loss

  securities $8,826,465

• 7d · Net gain or loss

  total $8,826,465 · excluded $8,826,465

• 8a · Fundraising events: gross income

  $57,174

• 8a · Fundraising events: contributions included on line 1c

  $89,712

• 8b · Fundraising events: direct expenses

  $60,393

• 8c · Net income from fundraising events

  total -$3,219 · excluded -$3,219

• 11a · Other revenue: UNRELATED BUS. INCOME

  total $780,116 · unrelated business $780,116

• 11b · Other revenue: OTHER INCOME/LOSS

  total $48,130 · related or exempt $48,130

• 11e · Other revenue, total

  $828,246

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $37,010,190 · program services $37,010,190

• 5 · Compensation of officers, directors and key employees

  total $2,022,969 · management and general $899,720 · fundraising $1,123,249

• 7 · Other salaries and wages

  total $5,144,640 · management and general $910,510 · fundraising $4,234,130

• 8 · Pension plan contributions

  total $360,558 · management and general $75,507 · fundraising $285,051

• 9 · Other employee benefits

  total $751,318 · management and general $149,326 · fundraising $601,992

• 10 · Payroll taxes

  total $503,201 · management and general $123,822 · fundraising $379,379

• 11a · Fees: management

  total $52,651 · management and general $52,651

• 11b · Fees: legal

  total $20,765 · management and general $20,765

• 11c · Fees: accounting

  total $98,792 · management and general $98,792

• 11d · Fees: lobbying

  total $121,628 · management and general $121,628

• 11f · Fees: investment management

  total $3,277,467 · management and general $3,277,467

• 11g · Fees: other

  total $11,744 · management and general $10,544 · fundraising $1,200

• 12 · Advertising and promotion

  total $260,961 · fundraising $260,961

• 13 · Office expenses

  total $248,337 · management and general $26,569 · fundraising $221,768

• 14 · Information technology

  total $262,245 · management and general $70,147 · fundraising $192,098

• 17 · Travel

  total $197,158 · management and general $2,103 · fundraising $195,055

• 23 · Insurance

  total $54,803 · management and general $54,803

• 24a · Other expenses: EVENTS

  total $578,668 · fundraising $578,668

• 24b · Other expenses: PROFESSIONAL DEV.

  total $119,182 · management and general $33,203 · fundraising $85,979

• 24c · Other expenses: PREMIUMS

  total $56,327 · fundraising $56,327

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $19,667 · management and general $29 · fundraising $19,638

• 24e · All other expenses

  total $5,550 · management and general $5,550

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,340,831 · end of year $6,421,286

• 2 · Savings and temporary cash investments

  beginning of year $631,139 · end of year $829,380

• 3 · Pledges and grants receivable

  beginning of year $17,134,000 · end of year $15,668,000

• 4 · Accounts receivable

  beginning of year $665,027 · end of year $369,348

• 11 · Investments: publicly traded securities

  beginning of year $336,151,668 · end of year $357,318,737

• 12 · Investments: other securities

  beginning of year $106,433,105 · end of year $123,347,748

• 13 · Investments: program-related

  beginning of year $1,647,119 · end of year $2,929,417

• 15 · Other assets

  beginning of year $27,931,747 · end of year $30,894,667

• 17 · Accounts payable and accrued expenses

  beginning of year $4,758,924 · end of year $5,022,995

• 25 · Other liabilities

  beginning of year $44,029,911 · end of year $46,435,122

• 27 · Net assets without donor restrictions

  beginning of year $36,531,940 · end of year $38,875,881

• 28 · Net assets with donor restrictions

  beginning of year $407,613,861 · end of year $447,444,585

The filer's explanations (Part III)

PART I, LINE 7

EMPLOYEE BONUSES DESCRIBED IN SCHEDULE J, PART II (OTHER THAN THE CEO BONUS) ARE DETERMINED BY THE SENIOR LEADERSHIP TEAM OF THE FOUNDATION USING EMPLOYEE ANNUAL EVALUATIONS, WHICH ARE COMPLETED IN JULY OF EACH YEAR. USING BASE SALARIES AND A SCORING SYSTEM BUILT INTO THE ANNUAL EVALUATION, THE SENIOR LEADERSHIP TEAM ASSIGNS BONUSES BASED ON THOSE SCORES. HIGHER SCORES WARRANT A LARGER BONUS RATE PER THE BASE SALARY AND SCORES BELOW A SET LEVEL DO NOT WARRANT ANY BONUS. THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS DETERMINE THE BONUS FOR THE CEO BASED ON SURVEY WORK CONDUCTED BY THE CHAIRMAN AND HR CHAIRMAN.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MINES VENTURE FUND MANAGEMENT LLC

  INVESTMENTS · CO · income $80,858 · assets $50,851

  Directly controlled by COLORADO SCHOOL OF MINES FOUNDATION

• MINES VENTURE FUND GP I LLC

  INVESTMENTS · CO · income $0 · assets $0

  Directly controlled by COLORADO SCHOOL OF MINES FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MINES VENTURE FUND I LP

  EXCLUDED · INVESTMENTS · CO · 99% owned · share of income $5,027 · share of assets $1,525,525 · general or managing partner

  Directly controlled by MINES VENTURE FUND GP I LLC