Civic Intelligence

Sme Foundation

990 • Fiscal year 2021 • EIN 84-1175450

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 09, 2022

12999 E Adam Aircraft CircleEnglewood, CO 80112-4167

(303) 948-4248

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.06x

Higher debt load relative to revenue than 29% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

44th percentile

9.4%

Higher net margin than 44% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

96th percentile

$552,697

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 38.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

54th percentile

11%

Faster asset growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

31%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$6,445,386

Up $639,365 (+11%) from 2020

Net Assets

Up

$6,359,438

Up $637,741 (+11%) from 2020

Liabilities

Up

$85,948

Up $1,624 (+1.9%) from 2020

Revenue

Up

$1,434,798

Up $342,178 (+31%) from 2020

Expenses

Down

$1,300,405

Down $257,199 (-17%) from 2020

Net Income

Up

$134,393

Up $599,377 (+129%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,879,920Liabilities 2011: $99,174Net Assets 2011: $1,780,7462011Assets 2012: $2,490,899Liabilities 2012: $266,261Net Assets 2012: $2,224,6382012Assets 2013: $3,163,677Liabilities 2013: $17,151Net Assets 2013: $3,146,5262013Assets 2014: $4,031,727Liabilities 2014: $999Net Assets 2014: $4,030,7282014Assets 2015: $4,620,048Liabilities 2015: $82Net Assets 2015: $4,619,9662015Assets 2016: $5,809,765Liabilities 2016: $80Net Assets 2016: $5,809,6852016Assets 2017: $6,111,225Liabilities 2017: $67,940Net Assets 2017: $6,043,2852017Assets 2018: $6,058,767Liabilities 2018: $66,863Net Assets 2018: $5,991,9042018Assets 2019: $5,822,551Liabilities 2019: $41,000Net Assets 2019: $5,781,5512019Assets 2020: $5,806,021Liabilities 2020: $84,324Net Assets 2020: $5,721,6972020Assets 2021: $6,445,386Liabilities 2021: $85,948Net Assets 2021: $6,359,4382021Assets 2022: $5,661,329Liabilities 2022: $97,151Net Assets 2022: $5,564,1782022Assets 2023: $5,923,677Liabilities 2023: $79,630Net Assets 2023: $5,844,0472023Assets 2024: $6,874,629Liabilities 2024: $85,287Net Assets 2024: $6,789,3422024

Highlighted filing

2021

Assets$6,445,386
Liabilities$85,948
Net Assets$6,359,438

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $615,387Expenses 2011: $621,317Net Income 2011: -$5,9302011Expenses 2012: $899,7052012Expenses 2013: $885,5312013Revenue 2014: $1,614,327Expenses 2014: $857,509Net Income 2014: $756,8182014Revenue 2015: $1,891,576Expenses 2015: $1,158,139Net Income 2015: $733,4372015Revenue 2016: $2,403,776Expenses 2016: $1,488,711Net Income 2016: $915,0652016Revenue 2017: $1,644,796Expenses 2017: $1,755,262Net Income 2017: -$110,4662017Revenue 2018: $1,352,484Expenses 2018: $1,677,276Net Income 2018: -$324,7922018Revenue 2019: $1,339,663Expenses 2019: $1,749,174Net Income 2019: -$409,5112019Revenue 2020: $1,092,620Expenses 2020: $1,557,604Net Income 2020: -$464,9842020Revenue 2021: $1,434,798Expenses 2021: $1,300,405Net Income 2021: $134,3932021Revenue 2022: $1,577,742Expenses 2022: $1,556,170Net Income 2022: $21,5722022Revenue 2023: $1,442,741Expenses 2023: $1,560,671Net Income 2023: -$117,9302023Revenue 2024: $2,026,498Expenses 2024: $1,636,683Net Income 2024: $389,8152024

Highlighted filing

2021

Revenue$1,434,798
Expenses$1,300,405
Net Income$134,393
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 9, 2022
Return Version
2020v4.1
Gross Receipts
$1,774,289
Mission and Program Overview

Mission

The mission of the sme foundation is to be the source of funding for education and outreach of sme and the community it serves. The sme foundation fulfills its mission by supporting projects that disseminate mining/mineral information and technology worldwide; encourage professional development; educate children, teachers, and the public about the significant role that the minerals industry plays in their everyday lives; build consensus for a strong, environmentally sound minerals industry in the united states and the world; and support of college-level students and programs meeting industry demands for engineers and researchers in the future.

Support of scientific,technical, educational and other activities that foster interchange

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,737,171$6,087,927▲ $350,756
Cash and Non-Interest-Bearing Accounts$18,133$48,363▲ $30,230
Land, Buildings, and Equipment, Net$18,857$12,567▼ $6,290
Prepaid Expenses and Deferred Charges$18,649$2,534▼ $16,115
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,806,021$6,445,386▲ $639,365
Other Assets Total$13,211$293,995▲ $280,784
Liabilities
Deferred Revenue$84,324$59,948▼ $24,376
Accounts Payable and Accrued Expenses$0$26,000▲ $26,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$84,324$85,948▲ $1,624
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,651,551$3,776,373▲ $124,822
Net Assets Without Donor Restrictions$2,070,146$2,583,065▲ $512,919
Total Net Assets Fund Balance$5,721,697$6,359,438▲ $637,741
Total Liabilities and Net Assets / Fund Balance$5,806,021$6,445,386▲ $639,365

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,567$31,433$44,000
Other Securities$6,087,927--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,731,223$51,574▲ $272,833$96,037$2,959,593
2019$2,706,450$80,784▲ $95,765$151,776$2,731,223
2018$2,583,486$132,728▲ $125,726$97,490$2,706,450
2017$1,824,833$133,857▲ $33,000$-151,610$2,110,300
2016$1,654,652$170,181▲ $156,344-$1,824,833
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Nichole HumphreysFoundation ManagerFT$96,503$96,503

Board Members and Trustees

NameTitle
Mary B KorpiPast President
Robert SchaferPast President -SME
Steven HolmesPresident
Thomas RauchPresident Elect
Steven J GardnerVice President of Finance
William WilkinsonIndividual Fundraising Officer
Andrew ColeMember
C Dale ElifritsMember
Drew MeyerMember
George SturgisMember
Gregory BeckstromMember
Gregory HinshawMember
J Eric SheredaMember
Jess L KindlerMember
Jill NelsonMember
John MurphyMember
Joseph M DriscollMember
Joshua OlmstedMember
Kurt KostMember
Matthew FurnissMember
Matthew LengerichMember
Michael MyersMember
Michael PattonMember
Michael TrevitsMember
Robert WashnockMember
Ryan MurrayMember
Steven RichardsMember
Shaun GraberScholarship Rep
David KanagySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,029,016
Program Service Revenue
$48,000
Investment Income
$262,598
Other Revenue
$95,184
All Other Contributions
$1,029,016
Change in Net Assets
$134,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$717,292
Salaries, Compensation, and Employee Benefits$431,285
Other Expenses$151,828
Total Fundraising Expense$72,447
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$716,292--$716,292
Other Salaries and Wages$210,723-$35,679$246,402
Current Officers, Directors, Trustees, and Key Employees$95,949-$16,245$112,194
Fees for Services Other$52,580--$52,580
Other Employee Benefits$39,212-$6,639$45,851
Conferences and Meetings$27,330-$4,627$31,957
Payroll Taxes$22,952-$3,886$26,838
Fees for Service Investment Mgmnt Fees$26,689--$26,689
Office Expenses$5,801-$982$6,783
Depreciation Depletion$5,376-$910$6,286
Fees for Services Accounting-$3,500-$3,500
Advertising$2,583-$437$3,020
Other Expenses$2,550-$432$2,982
Grants to Domestic Orgs$1,000--$1,000
Travel$196-$33$229
Total Functional Expenses$1,224,458$3,500$72,447$1,300,405
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,704
Gaming Gross Income$22,967
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$40,190$40,190-$40,190
Silent Auction$21,514$21,514-$21,514
Total Events$61,704$61,704-$61,704
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

The society for mining, metallurgy, and exploration inc. (member) is the sole member of sme foundation (foundation). All nominees for trustees of the foundation board are approved and elected by the member. The entire board of trustees or any lesser number may be removed by the member with or without cause. The foundation has assigned management of its investments to the member. Bylaws of the foundation may not be amended, supplemented, or repealed without approval by the member.

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

Process to review the form 990: form 990 is prepared by an independent cpa firm and is reviewed by the organization's cfo and ceo. The return is then reviewed by the organization's board of trustees prior to being filed with the irs.

Form 990, Part VI, Section B, Line 15A

The ceo's compensation is reviewed annually by the sme board.

Form 990, Part VI, Section C, Line 19

Governing documents, etc., available to public: the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request

Form 990, Part VI, Section C, Line 19

Governing documents, etc., available to public: the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
Sme Foundation
EIN
84-1175450
In Care Of
% MICHELLE KROEGER
Phone
3039484248
Address
12999 E ADAM AIRCRAFT CIRCLE, ENGLEWOOD, CO 80112-4167

Signing Officer

Name
David L Kanagy
Title
Executive Director
Phone
3039484200
Signed
2022-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David L Kanagy
Formed
1991
Legal Domicile
Co
Voting Board Members
29
Independent Board Members
28
Employees
0
Volunteers
40

Preparer

Firm
Forvis Llp
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith CPA
Phone
7194714290
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

Intended uses of endowment funds: ENDOWMENT FUND PROCEEDS ARE USED FOR VARIOUS STUDENT SCHOLARSHIPS.

Schedule D, Part X, Line 2

Uncertain Tax Positions: Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/PersonNm1NICHOLE HUMPHREYS
IRS990/Form990PartVIISectionAGrp/PersonNm2MARY B KORPI
IRS990/Form990PartVIISectionAGrp/PersonNm3STEVEN J GARDNER
IRS990/Form990PartVIISectionAGrp/PersonNm4THOMAS RAUCH
IRS990/Form990PartVIISectionAGrp/PersonNm5GREGORY BECKSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm6JOSEPH M DRISCOLL
IRS990/Form990PartVIISectionAGrp/PersonNm7C DALE ELIFRITS
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW FURNISS
IRS990/Form990PartVIISectionAGrp/PersonNm9JESS L KINDLER
IRS990/Form990PartVIISectionAGrp/PersonNm10KURT KOST
IRS990/Form990PartVIISectionAGrp/PersonNm11DREW MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm13JILL NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm14JOSHUA OLMSTED
IRS990/Form990PartVIISectionAGrp/PersonNm15STEVEN RICHARDS
IRS990/Form990PartVIISectionAGrp/PersonNm16J ERIC SHEREDA
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL TREVITS
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERT WASHNOCK
IRS990/Form990PartVIISectionAGrp/PersonNm19RYAN MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm20GREGORY HINSHAW
IRS990/Form990PartVIISectionAGrp/PersonNm21ANDREW COLE
IRS990/Form990PartVIISectionAGrp/PersonNm22MATTHEW LENGERICH
IRS990/Form990PartVIISectionAGrp/PersonNm23MICHAEL MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm24MICHAEL PATTON
IRS990/Form990PartVIISectionAGrp/PersonNm25GEORGE STURGIS
IRS990/Form990PartVIISectionAGrp/PersonNm26STEVEN HOLMES
IRS990/Form990PartVIISectionAGrp/PersonNm27SHAUN GRABER
IRS990/Form990PartVIISectionAGrp/PersonNm28WILLIAM WILKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm29Robert Schafer
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1Foundation Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27SCHOLARSHIP REP
IRS990/Form990PartVIISectionAGrp/TitleTxt28INDIVIDUAL FUNDRAISING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29Past President -SME
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01991
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
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IRS990/GainOrLossGrp/SecuritiesAmt0145160
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IRS990/GrantsToOrganizationsInd0false
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IRS990/LandBldgEquipCostOrOtherBssAmt044000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.87$0.09$6.79$2.03$1.64$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$0.08$5.84$1.44$1.56$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$0.10$5.56$1.58$1.56$0.02
2021Detailed filing. Detailed filing data is available for this year.$6.45$0.09$6.36$1.43$1.30$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.81$0.08$5.72$1.09$1.56$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.82$0.04$5.78$1.34$1.75$0.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$0.07$5.99$1.35$1.68$0.32
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$0.07$6.04$1.64$1.76$0.11
2016Detailed filing. Detailed filing data is available for this year.$5.81$0.00$5.81$2.40$1.49$0.92
2015Detailed filing. Detailed filing data is available for this year.$4.62$0.00$4.62$1.89$1.16$0.73
2014Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$1.61$0.86$0.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.02$3.15$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.27$2.22$0.90
2011Summary only. Only limited summary data is available for this year.$1.88$0.10$1.78$0.62$0.62$0.01