Civic Intelligence

International Precious Metals

EIN 06-0952238 • 501(c)3 • Pensacola, FL

Profile

Educate members and general public on issues concerning precious metals

5101 12th Avenue CPensacola, FL 32504

www.ipmi.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

60th percentile

9.2%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$208,749

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 24.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.0%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,531,909

Up $196,149 (+15%) from 2023

Liabilities

Down

$0

Down $1,229 (-100%) from 2023

Net Assets

Up

$1,531,909

Up $197,378 (+15%) from 2023

Revenue

Up

$859,000

Up $32,949 (+4.0%) from 2023

Expenses

Up

$780,224

Up $93,489 (+14%) from 2023

Net Income

Down

$78,776

Down $60,540 (-43%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,469,243Liabilities 2011: $221,253Net Assets 2011: $1,247,9902011Assets 2012: $1,616,235Liabilities 2012: $289,860Net Assets 2012: $1,326,3752012Assets 2013: $1,900,779Liabilities 2013: $391,223Net Assets 2013: $1,509,5562013Assets 2014: $2,161,198Liabilities 2014: $709,674Net Assets 2014: $1,451,5242014Assets 2015: $1,969,714Liabilities 2015: $605,748Net Assets 2015: $1,363,9662015Assets 2016: $1,728,302Liabilities 2016: $420,128Net Assets 2016: $1,308,1742016Assets 2017: $1,818,720Liabilities 2017: $313,695Net Assets 2017: $1,505,0252017Assets 2018: $1,825,676Liabilities 2018: $512,409Net Assets 2018: $1,313,2672018Assets 2019: $1,465,765Liabilities 2019: $109,924Net Assets 2019: $1,355,8412019Assets 2020: $1,050,074Liabilities 2020: $59,935Net Assets 2020: $990,1392020Assets 2021: $1,141,905Liabilities 2021: $0Net Assets 2021: $1,141,9052021Assets 2022: $1,134,723Liabilities 2022: $0Net Assets 2022: $1,134,7232022Assets 2023: $1,335,760Liabilities 2023: $1,229Net Assets 2023: $1,334,5312023Assets 2024: $1,531,909Liabilities 2024: $0Net Assets 2024: $1,531,9092024

Highlighted filing

2024

Assets$1,531,909
Liabilities$0
Net Assets$1,531,909

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $985,491Expenses 2011: $832,882Net Income 2011: $152,6092011Revenue 2012: $1,055,015Expenses 2012: $974,378Net Income 2012: $80,6372012Revenue 2013: $1,164,120Expenses 2013: $965,985Net Income 2013: $198,1352013Revenue 2014: $1,624,233Expenses 2014: $1,666,673Net Income 2014: -$42,4402014Revenue 2015: $1,513,642Expenses 2015: $1,607,558Net Income 2015: -$93,9162015Revenue 2016: $1,471,480Expenses 2016: $1,527,272Net Income 2016: -$55,7922016Revenue 2017: $1,622,829Expenses 2017: $1,425,978Net Income 2017: $196,8512017Revenue 2018: $1,351,339Expenses 2018: $1,556,210Net Income 2018: -$204,8712018Revenue 2019: $1,057,853Expenses 2019: $1,065,631Net Income 2019: -$7,7782019Revenue 2020: $57,918Expenses 2020: $141,268Net Income 2020: -$83,3502020Revenue 2021: $589,640Expenses 2021: $509,000Net Income 2021: $80,6402021Revenue 2022: $702,983Expenses 2022: $588,063Net Income 2022: $114,9202022Revenue 2023: $826,051Expenses 2023: $686,735Net Income 2023: $139,3162023Revenue 2024: $859,000Expenses 2024: $780,224Net Income 2024: $78,7762024

Highlighted filing

2024

Revenue$859,000
Expenses$780,224
Net Income$78,776

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.00$1.53$0.86$0.78$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.33$0.83$0.69$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.70$0.59$0.11
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.14$0.00$1.14$0.59$0.51$0.08
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.05$0.06$0.99$0.06$0.14$0.08
2019Summary only. Only limited summary data is available for this year.$1.47$0.11$1.36$1.06$1.07$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.51$1.31$1.35$1.56$0.20
2017Summary only. Only limited summary data is available for this year.$1.82$0.31$1.51$1.62$1.43$0.20
2016Summary only. Only limited summary data is available for this year.$1.73$0.42$1.31$1.47$1.53$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.97$0.61$1.36$1.51$1.61$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.16$0.71$1.45$1.62$1.67$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.39$1.51$1.16$0.97$0.20
2012Summary only. Only limited summary data is available for this year.$1.62$0.29$1.33$1.06$0.97$0.08
2011Summary only. Only limited summary data is available for this year.$1.47$0.22$1.25$0.99$0.83$0.15
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$1,609,706
Mission and Program Overview

Mission

Educate members and general public on issues concerning precious metals

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$769,884$1,300,943▲ $531,059
Savings and Temporary Cash Investments$158,946$28,768▼ $130,178
Cash and Non-Interest-Bearing Accounts$9,892$6,049▼ $3,843
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,134,723$1,335,760▲ $201,037
Other Assets Total$196,001$0▼ $196,001
Liabilities
Other Liabilities$0$1,229▲ $1,229
Total Liabilities$0$1,229▲ $1,229
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$763,369$949,273▲ $185,904
Net Assets With Donor Restrictions$371,354$385,258▲ $13,904
Total Net Assets Fund Balance$1,134,723$1,334,531▲ $199,808
Total Liabilities and Net Assets / Fund Balance$1,134,723$1,335,760▲ $201,037

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$174,215$174,215

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$381,350-▲ $24,940$-21,032$427,322
2022$425,989-▼ $43,155$1,484$381,350
2021$372,220$4,000▲ $55,442$5,673$425,989
2020$370,608-▲ $6,612$5,000$372,220
2019$354,275-▲ $21,333$5,000$370,608
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Zachary HennemanPresident (as of June 2023)
Jonathan ButlerVice President
Mark CaffareyVice President (until June 2023)
Corby AndersonBoard Member
Jonathan JodryBoard Member
Regine AlbrechtBoard Member
Robert IannielloBoard Member
Ron DaviesBoard Member
Laurence DrummondExecutive Director
Scott SchwartzCompliance Officer
John DourekasMarketing Officer
Simon CodringtonSecretary
David DeuelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$142,198
Program Service Revenue
$644,992
Investment Income
$27,825
Other Revenue
$11,036
All Other Contributions
$61,454
Change in Net Assets
$139,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$589,213
Grants and Similar Amounts Paid$97,522
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$429,310--$429,310
Grants to Domestic Individuals$97,522--$97,522
Fees for Service Investment Mgmnt Fees-$11,179-$11,179
Other Expenses$1,605$24,083-$1,605
Total Functional Expenses$539,473$147,262$0$686,735
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To/from Related Party$1,229
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

MEMBERS

Form 990, Part VI, Section A, Line 7A

MEMBERS

Form 990, Part VI, Section A, Line 7B

Several provisions in the foundation bylaws give certain governance rights to the sole member, ipmi.

Form 990, Part VI, Section B, Line 11B

Reviewed by executive director and sent to all board members for review prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization's governance and compliance committee along with the executive committee regularly monitors compliance with the conflict of interest policy and the annual acknowledgment thereof as well as the other policies covering matters of governance relating to part vi, section b, lines 13 and 14.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, and conflict of interest policy available to the public upon request during regular business hours.

Filing and Contact Details

Filer

Filer Name
International Precious Metals
EIN
06-0952238
Phone
8504761156
Address
5101 12TH AVENUE C, PENSACOLA, FL 32504

Signing Officer

Name
Laurence Drummond
Title
Executive Director
Phone
8504761156
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurence Drummond
Formed
1976
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Cbiz Advisors LLC
Address
1601 MARKET ST 4TH FLOOR, PHILADELPHIA, PA 19103
Preparer
Aaron M Fox
Phone
2152972100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

NO CHANGE

Financial Statement Notes

PART V, LINE 4:

Consistent with the terms of the endowment, the board of directors may authorize educational scholarships or grants within the parameters dictated in the endowment agreement. The endowment fund shall make awards which consist of the net investment income generated by the investments and as much of the principal of the fund necessary to provide full payment of the award. The institute has adopted an investment policy that, in the administration of its powers to appropriate appreciation, to make and retain investments, and to delegate investment management of institutional funds, it will exercise ordinary business care and prudence while giving full effect to any donor's restrictions.

PART X, LINE 2:

Management of the organization considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur upon examination by tax authorities, including changes to the organization's status as a not-for-profit entity. Management believes the organization met the requirements to maintain its tax-exempt status and has not identified any uncertain tax positions subject to the unrelated business income tax that require recognition or disclosure in the accompanying financial statements.

Raw XML AppendixShowing 400 of 552 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum08504761156
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IRS990/BooksInCareOfDetail/USAddress/CityNm0PENSACOLA
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IRS990/CollectionsOfArtInd00
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IRS990/CompensationProcessOtherInd00
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IRS990/CreditCounselingInd00
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IRS990/CYGrantsAndSimilarPaidAmt097522
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IRS990/CYProgramServiceRevenueAmt0644992
IRS990/CYRevenuesLessExpensesAmt0139316
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IRS990/CYTotalExpensesAmt0686735
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
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IRS990/Form990PartVIISectionAGrp/PersonNm2REGINE ALBRECHT
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IRS990/Form990PartVIISectionAGrp/PersonNm10MARK CAFFAREY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT (AS OF JUNE 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7COMPLIANCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT (UNTIL JUNE 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12MARKETING OFFICER
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IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0278
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0278
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0769884
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01300943
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0174215
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt0174215
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0783655
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt080744
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EDUCATE MEMBERS AND GENERAL PUBLIC ON ISSUES CONCERNING PRECIOUS METALS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01134723
IRS990/NetAssetsOrFundBalancesEOYAmt01334531
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt027547
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt027547
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt061721
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0763369
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0949273
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0196001
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3PUBLICATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0112000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124083
IRS990/OtherExpensesGrp/ProgramServicesAmt011036
IRS990/OtherExpensesGrp/ProgramServicesAmt11605
IRS990/OtherExpensesGrp/TotalAmt0112000
IRS990/OtherExpensesGrp/TotalAmt124083
IRS990/OtherExpensesGrp/TotalAmt211036
IRS990/OtherExpensesGrp/TotalAmt31605
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01229
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011036
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011036
IRS990/OtherRevenueTotalAmt011036
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LAURENCE DRUMMOND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/BusinessCd2513190
IRS990/ProgramServiceRevenueGrp/Desc0SEMINAR
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc2PUBLICATION REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0397662
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1234430
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0397662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1234430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212900
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01290
IRS990/ProgSrvcAccomActy2Grp/Desc0THE IPMI JOURNAL IS A PUBLICATION OF THE INTERNATIONAL PRECIOUS METALS EDUCATIONAL AND SCIENTIFIC FOUNDATION. THIS DIGITAL PEER REVIEWED PUBLICATION HAS BEEN CREATED AS A VEHICLE FOR THE SHARING OF TECHNICAL INFORMATION RELATED TO THE SCIENCE AND TECHNOLOGY OF PRECIOUS METALS. DUE TO THE BREADTH OF IMPORTANT TOPICS RELATED TO ALL ASPECTS OF PRECIOUS METALS, IT HAS BEEN THE VISION OF THE IPMI TO PROVIDE A PUBLICATION AVAILABLE TO OUR MEMBERS THAT WOULD BECOME A KEY SOURCE OF PERTINENT TOPICS CONTAINING HIGH QUALITY PUBLICATIONS BY EXPERTS IN THEIR FIELDS OF STUDY. THE JOURNAL WILL NOT ONLY COMMUNICATE STATE OF THE ART DISCOVERIES AND SOUND PRACTICES, BUT WILL ALSO REVIEW HISTORICAL COMMUNICATIONS FROM THE IPMI'S ARCHIVES THAT HAVE VALUE AND USE EVEN IN TODAY'S ENVIRONMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01605
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt04052
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0132349
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0100999
IRS990/PYInvestmentIncomeAmt020501
IRS990/PYOtherExpensesAmt0487064
IRS990/PYOtherRevenueAmt035000
IRS990/PYProgramServiceRevenueAmt0515133
IRS990/PYRevenuesLessExpensesAmt0114920
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0588063
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0702983
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0139316
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0611378
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0158946
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028768
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0142198
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0132349
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0169740
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt035000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0479287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0278
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05046
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011799
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt025486
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042609
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0644992
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0531759
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0397046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt09450
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01583247
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0278
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011799
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt025486
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042609
IRS990ScheduleA/InvestmentIncomeCYPct00.02010
IRS990ScheduleA/InvestmentIncomePYPct00.03420
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt011036
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011036
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97470
IRS990ScheduleA/PublicSupportPY509Pct00.96580
IRS990ScheduleA/PublicSupportTotal509Amt02062534
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0787190
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0664108
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0566786
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt044450
IRS990ScheduleA/Total509Grp/TotalAmt02062534
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0798504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0669154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0578585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt044450
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt025486
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02116179
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0381350
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0427322
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt024940
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-21032
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0425989
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0381350
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-43155
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01484
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0372220
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0425989
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055442
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt05673
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0370608
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0372220
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06612
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt05000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0354275
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0370608
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021333
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt05000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0174215
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0174215
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO/FROM RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONSISTENT WITH THE TERMS OF THE ENDOWMENT, THE BOARD OF DIRECTORS MAY AUTHORIZE EDUCATIONAL SCHOLARSHIPS OR GRANTS WITHIN THE PARAMETERS DICTATED IN THE ENDOWMENT AGREEMENT. THE ENDOWMENT FUND SHALL MAKE AWARDS WHICH CONSIST OF THE NET INVESTMENT INCOME GENERATED BY THE INVESTMENTS AND AS MUCH OF THE PRINCIPAL OF THE FUND NECESSARY TO PROVIDE FULL PAYMENT OF THE AWARD. THE INSTITUTE HAS ADOPTED AN INVESTMENT POLICY THAT, IN THE ADMINISTRATION OF ITS POWERS TO APPROPRIATE APPRECIATION, TO MAKE AND RETAIN INVESTMENTS, AND TO DELEGATE INVESTMENT MANAGEMENT OF INSTITUTIONAL FUNDS, IT WILL EXERCISE ORDINARY BUSINESS CARE AND PRUDENCE WHILE GIVING FULL EFFECT TO ANY DONOR'S RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT OF THE ORGANIZATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE ORGANIZATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ORGANIZATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS SUBJECT TO THE UNRELATED BUSINESS INCOME TAX THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt01229
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt097522
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0DISTINGUISHED ACHIEVEMENT AND EDUCATIONAL AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DISTRIBUTES AWARDS BASED ON ACHIEVEMENTS ALREADY ACCOMPLISHED IN THE PRECIOUS METALS INDUSTRY AND THEREFORE DOES NOT NEED TO MONITOR THE USE OF THESE FUNDS AFTER THEY HAVE ALREADY BEEN DISTRIBUTED. THE ORGANIZATION DISTRIBUTED 10 AWARDS, RANGING FROM $5,000 TO $12,000, TO STUDENTS EXCELING IN PRECIOUS METALS STUDIES AND TO PROFESSORS AND OTHER NOTED PEOPLE IN THE PRECIOUS METALS INDUSTRY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION PART IV
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00

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