Overview
What is Sdsm&T Center For Alumni Relations & Advancement?
The Sdsm&T Center for Alumni Relations & Advancement, also known as SDSM&T CARA, is a nonprofit organization located in Rapid City, South Dakota, with a US address at 330 East Kansas City Street, 57701. Their mission is to foster connections between South Dakota School of Mines and Technology (SDSM&T) alumni and friends, promoting the school's traditions, interests, influence, and reputation. By engaging in meaningful activities and inspiring philanthropy, SDSM&T CARA strives to give back to the community. The organization provides scholarships and fellowships to students attending SDSM&T, and awards are presented based on specific criteria for students, faculty, and staff. With a team of 20 dedicated employees, SDSM&T CARA plays a significant role in supporting South Dakota Miners.
Official website here: www.cara.sdsmt.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Sdsm&T Center for Alumni Relations & Advancement has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a high Accountability & Finance score of 95 and a perfect score of 100 in Leadership & Adaptability, the organization demonstrates robust governance practices. Its Program Expense Ratio of nearly 95% indicates a significant commitment to its mission-driven activities.
One of the organization's notable strengths is its fully independent board, comprising 33 members, which contributes to sound oversight and decision-making. The financial health of the nonprofit is exemplified by a low liability to assets ratio of 2.69% and a working capital ratio of 3.14 years, suggesting a strong fiscal position. The audit and oversight committee scored perfectly, reinforcing the organization's commitment to transparency and responsible financial management.
However, there are areas noted for improvement, particularly regarding tax form disclosures. The lack of the nonprofit's tax form on its website resulted in a score of zero in that category. While salaries for key personnel are disclosed, ensuring comprehensive financial documentation is essential for upholding trust with stakeholders. Overall, the organization is strategically focused on fostering alumni connections and enhancing student support through ambitious fundraising efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Sdsm&T Center For Alumni Relations & Advancement legitimate?
Sdsm&T Center For Alumni Relations & Advancement is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sdsm&T Center For Alumni Relations & Advancement submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $286,147
Professional Fundraising Fees: $81,849
Other Salaries and Wages: $772,093
For more financial information, click here
Official website here: www.cara.sdsmt.edu
What is the mission statement of Sdsm&T Center For Alumni Relations & Advancement?
The Sdsm&T Center for Alumni Relations and Advancement (CARA) strives to bolster the standing and connection of South Dakota School of Mines and Technology (SDSM&T) among its alumni and supporters. They aim to accomplish this through purposeful engagement and inspiring and managing philanthropic efforts.
CARA is dedicated to supporting students at South Dakota School of Mines and Technology by awarding scholarships and fellowships. These students are chosen by the SDSM&T Scholarship Committee. The organization also recognizes students, faculty, and staff through various prizes and awards, based on specific award criteria.
Official website here: www.cara.sdsmt.edu
Who is the CEO of Sdsm&T Center For Alumni Relations & Advancement?
Paul Krueger is the Vp-Pres Deve of Sdsm&T Center For Alumni Relations & Advancement. The CEO's salary of Sdsm&T Center For Alumni Relations & Advancement is $122,742 and their total compensation is $133,309.
Official website here: www.cara.sdsmt.edu
What is the revenue of Sdsm&T Center For Alumni Relations & Advancement?
Sdsm&T Center For Alumni Relations & Advancement's revenue in 2022 was $127,224,720.
Official website here: www.cara.sdsmt.edu
Who are the executives of Sdsm&T Center For Alumni Relations & Advancement and what are their salaries?
The average compensation at Sdsm&T Center For Alumni Relations & Advancement during 2022 was $52,912. There are 20 employees and 50 volunteers at Sdsm&T Center For Alumni Relations & Advancement.
Here are 38 key members and their salaries (Sdsm&T Center For Alumni Relations & Advancement's CEO's salary is $122,742 and their total compensation is $133,309):
- Compensation: $137,119
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- Other: $21,913
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- Other: $12,361
- Compensation: $122,742
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Official website here: www.cara.sdsmt.edu
Where can I find the form 990 for Sdsm&T Center For Alumni Relations & Advancement?
Sdsm&T Center For Alumni Relations & Advancement's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cara.sdsmt.edu
Learn more at the official website: www.cara.sdsmt.edu
Mission Statement of Sdsm&T Center For Alumni Relations & Advancement
The SDSM&T Center for Alumni Relations and Advancement, or CARA, strives to enhance the connection between South Dakota School of Mines and Technology (SDSM&T) and its alumni and supporters. CARA's primary mission is to preserve and strengthen the traditions, interests, influence, and reputation of SDSM&T within the alumni community and among friends. This is accomplished through meaningful engagement and inspiring and stewarding philanthropy.
To achieve this objective, the SDSM&T CARA provides scholarships and fellowships to students attending South Dakota School of Mines and Technology. The scholarship recipients are carefully selected by the SDSM&T Scholarship Committee. In addition, the organization bestows prizes and awards upon students, faculty, and staff based on specific award criteria. These acknowledgements serve to recognize and honor the exceptional achievements and contributions of the SDSM&T community.
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Impact
October, 2024
The Sdsm&T Center For Alumni Relations & Advancement plays a vital role in fostering a strong connection between South Dakota Mines and its alumni community. By promoting the traditions, interests, and influence of South Dakota Mines, the center enhances the institution's reputation and strengthens alumni engagement.
One of the primary impacts of the center is its commitment to supporting students through scholarships and fellowships. By providing financial assistance, the center helps to alleviate the burden of educational expenses for many students, enabling them to focus on their studies and fully engage in their academic pursuits. The SDSM&T Scholarship Committee ensures that deserving students receive these awards based on specific criteria, encouraging academic excellence and supporting diverse talent.
Additionally, the center recognizes and celebrates the achievements of students, faculty, and staff through prizes and awards. This not only boosts morale within the campus community but also fosters a culture of recognition and appreciation for hard work and dedication.
Through meaningful engagement and stewardship of philanthropy, the Sdsm&T Center For Alumni Relations & Advancement not only supports current students but also cultivates a lasting legacy of alumni involvement. This ongoing relationship enriches the educational experience at South Dakota Mines and contributes to the growth and development of future leaders in their respective fields.
This information is meant to be a general summary of Sdsm&T Center For Alumni Relations & Advancement. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,939,025
- Program Service Revenue: $743,319
- Gross Receipts: $132,627,585
Assets and Liabilities:
- Total Assets: $122,751,670
- Total Liabilities: $3,941,380
- Net Assets: $118,810,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACTIVITY AND ADMIN FEES
Revenue
$743,319
Organization Details
Founding Year
1954
Phone
(605) 394-2436Principal Officer
Paul Krueger
Main Address
330 EAST KANSAS CITY ST, RAPID CITY, SD, 57701
Website
www.cara.sdsmt.eduNTEE Category
Code: B5XZ - Education
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