Overview
What is Colorado School Of Mines Foundation?
The Colorado School of Mines Foundation is a nonprofit organization based in Golden, Colorado. With a team of 79 employees, their primary mission is to financially support Colorado School of Mines and its various departments. They engage in resource development and provide essential funds to strengthen the university's academic programs, students, and alumni relations. By fostering these connections, they contribute significantly to the institution's growth and development. (Word count: 81)
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Colorado School of Mines Foundation has achieved an impressive 91% rating from Charity Navigator, reflecting strong accountability and financial health. The foundation boasts a fully independent board and excellent oversight practices, which contribute to its high score in transparency and governance. Additionally, the organization exhibits a solid financial structure with a low liabilities-to-assets ratio, indicating prudent financial management.
One of the foundation's notable strengths is its program expense ratio of 76.06%, which suggests that a significant portion of its resources is directed toward its mission-driven programs. Furthermore, the foundation has a remarkable working capital ratio of 9.99 years, showcasing its ability to sustain operations and support its initiatives over the long term.
However, the foundation's fundraising efficiency ratio of $0.22, while generally acceptable, indicates room for improvement. This metric suggests that the organization could enhance its fundraising strategies to retain a higher percentage of funds raised for programmatic use. Overall, the Colorado School of Mines Foundation demonstrates strong performance and commitment to its mission, with a solid framework for accountability and financial oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado School Of Mines Foundation legitimate?
Colorado School Of Mines Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado School Of Mines Foundation 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: $1,003,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,002,246
For more financial information, click here
What is the mission statement of Colorado School Of Mines Foundation?
The Colorado School of Mines Foundation exists to advance the Colorado School of Mines by providing financial support. Its mission is to back the university and its academic programs, as well as its students, and to strengthen alumni relations. The Foundation's efforts aim to contribute financially to various departments within the institution.
Who is the CEO of Colorado School Of Mines Foundation?
Steve Kreidler is the Vice Chair of Colorado School Of Mines Foundation. The CEO's salary of Colorado School Of Mines Foundation is $409,918 and their total compensation is $461,305.
What is the revenue of Colorado School Of Mines Foundation?
Colorado School Of Mines Foundation's revenue in 2023 was $34,178,818.
Who are the executives of Colorado School Of Mines Foundation and what are their salaries?
The average compensation at Colorado School Of Mines Foundation during 2023 was $76,018. There are 79 employees and 206 volunteers at Colorado School Of Mines Foundation.
Here are 19 key members and their salaries (Colorado School Of Mines Foundation's CEO's salary is $409,918 and their total compensation is $461,305):
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- Compensation: $409,918
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- Other: $51,387
- Compensation: $248,606
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- Other: $28,024
- Compensation: $250,748
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- Other: $37,060
- Compensation: $167,894
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- Other: $24,666
- Compensation: $151,978
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- Other: $25,075
- Compensation: $148,365
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- Other: $24,706
- Compensation: $141,716
- Related: $0
- Other: $31,118
- Compensation: $133,643
- Related: $0
- Other: $28,467
Where can I find the form 990 for Colorado School Of Mines Foundation?
Colorado School Of Mines Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Colorado School Of Mines Foundation
The Colorado School of Mines Foundation is a dedicated body that spearheads financial resource development and support for the Colorado School of Mines. Established with the mission to bolster the university, its academic programs, students, and alumni relations, the foundation plays a pivotal role in ensuring the continued success of this esteemed institution.
Through its unwavering commitment, the Colorado School of Mines Foundation provides essential financial assistance to the university and various departments. This support is instrumental in enabling the institution to maintain its high standards of education and research. By fostering strong relationships with alumni and donors, the foundation secures the necessary funds to sustain the university's mission and advance its initiatives.
The Colorado School of Mines Foundation's primary objective is to enhance the overall well-being of the Colorado School of Mines. Through its financial backing, the foundation empowers the university to invest in its resources, faculty, and students, ultimately contributing to a thriving academic community. Moreover, the foundation's efforts in strengthening alumni relations serve to foster a strong network of supporters and advocates for the institution.
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Impact
October, 2024
The Colorado School Of Mines Foundation plays a critical role in enhancing the educational landscape at the Colorado School of Mines. By providing essential financial resources, the foundation supports various academic programs and initiatives, ensuring that students receive a high-quality education. The foundation also fosters robust alumni relations, creating a network that benefits both current students and graduates. Through its initiatives, it significantly contributes to the overall advancement of the university, empowering the next generation of engineers, scientists, and leaders in their fields.
This information is meant to be a general summary of Colorado School Of Mines Foundation. 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 2023.
- Investment Income: $3,453,391
- Program Service Revenue: $2,392,233
- Gross Receipts: $91,315,339
Assets and Liabilities:
- Total Assets: $446,656,936
- Total Liabilities: $43,927,221
- Net Assets: $402,729,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE
Revenue
$2,365,200
ALUMNI RELATIONS
Revenue
$27,033
Organization Details
Founding Year
1951
Phone
(303) 273-3143Principal Officer
Steve Kreidler
Main Address
POBOX 4005, GOLDEN, CO, 80401
NTEE Category
Code: B110 - Education
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