Overview
What is Sme Foundation?
The Sme Foundation, a nonprofit based in Englewood, Colorado, is committed to advancing the field of mining and mineral processing through education and research. Its primary focus is on offering financial support to qualified individuals seeking doctoral degrees in these areas. By addressing the future labor deficiencies in the sector due to retirements, the Sme Foundation aims to ensure the sustainability of U.S. academic programs in mining and mineral processing. The organization also supports various scientific, technical, and educational activities that foster interchange, and its mission extends to promoting a strong, environmentally sound minerals industry. The Sme Foundation fulfills its mission by funding projects that disseminate mining/mineral information and technology worldwide, encouraging professional development, and educating the public about the role of the minerals industry in everyday life. Despite having a small team of one employee, the Sme Foundation's impact is significant in fostering the growth and development of the mining and mineral processing industry.
Official website here: www.smefoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Sme Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a score of 92%, the organization demonstrates strong governance practices, including a fully independent board and effective financial oversight, as evidenced by their audit and oversight committee scoring a perfect 15 out of 15 points.
Strengths highlighted include an excellent program expense ratio of 91.87%, indicating that a significant portion of their expenses is directed toward their charitable activities. Additionally, the foundation has successfully implemented policies for whistleblower protection and document retention, which contribute positively to its operational integrity.
However, there are some noted limitations, such as the absence of a conflict of interest policy and the lack of transparency regarding their tax forms on the website. These areas may raise concerns for potential donors looking for comprehensive governance practices. Overall, the Sme Foundation stands out for its financial performance and governance, although addressing the noted policy gaps could further enhance its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Sme Foundation legitimate?
Sme Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sme 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: $115,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,356
For more financial information, click here
Official website here: www.smefoundation.org
What is the mission statement of Sme Foundation?
The Sme Foundation's mission is centered around funding and promoting educational and outreach activities that align with the Society for Mining, Metallurgy, and Exploration (SME). The foundation achieves this by supporting projects that disseminate mining and mineral-related information and technology globally, fostering professional development, and educating children, teachers, and the public about the importance of the minerals industry in daily life. Additionally, the Sme Foundation works towards building consensus for a strong, environmentally sound minerals industry, both in the United States and internationally. Lastly, the foundation invests in college-level students and programs, aiming to meet industry demands for engineers and researchers in the future.
Official website here: www.smefoundation.org
Who is the CEO of Sme Foundation?
David L Kanagy is the Secretary of Sme Foundation.
Official website here: www.smefoundation.org
What is the revenue of Sme Foundation?
Sme Foundation's revenue in 2022 was $1,577,742.
Official website here: www.smefoundation.org
Who are the executives of Sme Foundation and what are their salaries?
The average compensation at Sme Foundation during 2022 was $341,856. There is 1 employee and 29 volunteers at Sme Foundation.
Here are 31 key members and their salaries:
- Compensation: $0
- Related: $524,713
- Other: $35,221
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $61,718
- Other: $33,444
Official website here: www.smefoundation.org
Where can I find the form 990 for Sme Foundation?
Sme Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smefoundation.org
Learn more at the official website: www.smefoundation.org
Mission Statement of Sme Foundation
The Sme Foundation, a non-profit organization, is dedicated to the promotion of scientific, technical, and educational activities that foster exchange. The primary mission of the Sme Foundation is to serve as the funding source for the education and outreach of the Society for Mining, Metallurgy, and Exploration (SME) and the community it serves.
In pursuit of this mission, the Sme Foundation supports projects that disseminate mining and mineral information and technology worldwide. This endeavor is aimed at encouraging professional development, educating various groups about the minerals industry's crucial role in everyday life, building consensus for a strong, environmentally sound minerals industry, and supporting college-level students and programs that meet industry demands for engineers and researchers in the future.
By fulfilling its mission, the Sme Foundation seeks to empower the community it serves, fostering a better understanding of the mining and minerals industry and its importance. Through its efforts, the organization strives to nurture a strong, sustainable, and environmentally responsible minerals industry for the benefit of all.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
SME Foundation's impact is evident in its support of scientific, technical, and educational activities that foster interchange within the mining and extractive metallurgy industry. The Foundation's PhD-Fellowship program plays a crucial role in providing financial assistance to qualified candidates with industry experience who are pursuing a doctoral degree in mining or extractive metallurgy/mineral processing at accredited U.S. universities. By addressing long-term challenges facing the industry and supporting the education and professional development of future engineers and researchers, SME Foundation contributes significantly to the sustainability and growth of the mining and mineral processing sector.
This information is meant to be a general summary of Sme 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 2022.
- Investment Income: $128,099
- Program Service Revenue: $59,050
- Gross Receipts: $1,622,900
Assets and Liabilities:
- Total Assets: $5,661,329
- Total Liabilities: $97,151
- Net Assets: $5,564,178
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Registration income
Revenue
$59,050
Organization Details
Founding Year
1991
Phone
(303) 948-4277Principal Officer
David L Kanagy
Main Address
12999 E Adam Aircraft Circle, Englewood, CO, 80112
Website
www.smefoundation.orgNTEE Category
Code: C30Z - Environment
If you are a representative of Sme Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.