Idaho Mining Association INC

Not tax-deductible

Boise, ID501(c)(6)EIN 82-0130720Revenue $803K in FY2024

On file with the IRSmineidaho.com802 W Bannock St Ste 203, 83702-5839 · Boise, IDTax-exempt since Aug 1991

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Representative of the Idaho minerals industry.

100¢ of each $1 spent went to programs.
$197K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $30K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$165K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$803K
+32% vs prior year
Spent
$703K
To programs
100%
Net assets
$253K
By yearFY2020–FY2024
Revenue
$803K
FY2024▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$435K
FY2021$447K
FY2022$473K
FY2023$608K
FY2024$803K
Expenses
$703K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$357K
FY2021$413K
FY2022$548K
FY2023$596K
FY2024$703K
Net assets
$253K
FY2024▲ +65%
Tap a bar for its year
Net assets by fiscal year
FY2020$183K
FY2021$216K
FY2022$142K
FY2023$154K
FY2024$253K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $703K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$197,092Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Benjamin Davenport$197,092$179,849$175,050$162,300$145,198

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Idaho Mining Association INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advocates for the Idaho minerals industry.

Questions for Idaho Mining Association INC

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Provided by the organization

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1 program · $703K · in their own filed words · FY2024
01

Idaho mining is the spokesman and advocate for idaho's mineral industry. It maintains close contact with state and federal regulatory and technical agencies. The association also is the principal industry contact with media and government public information offices.

$703Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$803K
Ln 12
Fees for servicesLn 2g$797K
Investment incomeLn 3$6K
Money outPt IX
$703K
Ln 25
Programscol B$703K
Owns and owesPt X
$253K
net assets · Ln 32
Cash and savingsLn 1–2$403K
Total assetsLn 16$418K
LiabilitiesLn 26$165K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$797K
Investment incomeLn 3$6K
Total revenueLn 12$803K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$348K
Cash and savings togetherLn 1–2$403K
Land, buildings, equipmentLn 10c$601
Total assetsLn 16$418K
LiabilitiesLn 26$165K
Net assetsLn 32$253K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$354K$403K
Land, buildings, equipmentLn 10c$802$601
Total assetsLn 16$363K$418K
LiabilitiesLn 26$209K$165K
Net assetsLn 32$154K$253K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$197K$197K
Other salaries and wagesLn 7$52K$52K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$19K$19K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$14K$14K
OccupancyLn 16$18K$18K
TravelLn 17$45K$45K
Depreciation, depletion and amortizationLn 22$201$201
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$305K$305K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$703K$703K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $803K$703K$99K$253K 990 PDF
FY2023 $608K$596K$12K$154K 990 PDF
FY2022 $473K$548K−$75K$142K 990 PDF
FY2021 $447K$413K$34K$216K 990 PDF
FY2020 $435K$357K$77K$183K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $802,811 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $606,227$796,911
I-10 Investment incomePrior year $1,783$5,900
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $608,010$802,811
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $234,681$279,516
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $361,054$423,927
I-18 Total expensesPrior year $595,735$703,443
I-19 Revenue less expensesPrior year $12,275$99,368
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $802,811 across 3 lines filed
Lines not itemized here account for $18,370 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $778,541$778,541
VIII-3 Investment incomeRelated to mission $5,900$5,900
VIII-12 Total revenueRelated to mission $802,811 · Unrelated business $0 · Excluded from tax $0$802,811
Part IX · Statement of functional expenses $703,443 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $197,092$197,092
IX-7 Other salaries and wagesPrograms $51,699$51,699
IX-9 Other employee benefitsPrograms $11,940$11,940
IX-10 Payroll taxesPrograms $18,785$18,785
IX-11c Accounting feesPrograms $4,396$4,396
IX-12 Advertising and promotionPrograms $16,831$16,831
IX-13 Office expensesPrograms $14,492$14,492
IX-16 OccupancyPrograms $17,706$17,706
IX-17 TravelPrograms $44,956$44,956
IX-22 Depreciation, depletion and amortizationPrograms $201$201
IX-23 InsurancePrograms $5,858$5,858
IX-24 Other expenses (24a–d)Programs $304,556$304,556
IX-24e All other expensesPrograms $14,931$14,931
IX-25 Total functional expensesPrograms $703,443 · Management $0 · Fundraising $0$703,443
Part X · Balance sheet $418,396 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $37,947$55,333
X-2 Savings and temporary cash investmentsStart of year $315,787$347,627
X-9 Prepaid expenses and deferred chargesStart of year $8,539$14,835
X-10c Land, buildings and equipment, netStart of year $802$601
X-16 Total assetsStart of year $363,075$418,396
X-19 Deferred revenueStart of year $169,815$141,849
X-25 Other liabilitiesStart of year $39,368$23,287
X-26 Total liabilitiesStart of year $209,183$165,136
X-27 Net assets without donor restrictionsStart of year $153,892$253,260
X-32 Total net assets or fund balancesStart of year $153,892$253,260
X-33 Total liabilities and net assetsStart of year $363,075$418,396
Part XI · Reconciliation of net assets $253,260 net assets at year end
XI-1 Total revenue$802,811
XI-2 Total expenses$703,443
XI-3 Revenue less expenses$99,368
XI-4 Net assets at start of year$153,892
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$253,260

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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