Colorado Mining Association FY2021 filing

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The association's primary purpose is to foster, promote and develop the general welfare of the mineral resource industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$179K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $22K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$179K
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
<1 mo
of spending, in cash
Plus $968K in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $968K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$547K
-4% vs prior year
Spent
$650K
To programs
0%
Net assets
$995K
By yearFY2020–FY2025
Revenue
$547K
FY2021▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$570K
FY2021$547K
FY2022$664K
FY2023$886K
FY2024$588K
FY2025$1.0M
Expenses
$650K
FY2021▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$728K
FY2021$650K
FY2022$763K
FY2023$755K
FY2024$560K
FY2025$694K
Net assets
$995K
FY2021-0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$999K
FY2021$995K
FY2022$833K
FY2023$984K
FY2024$1.1M
FY2025$1.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1945.

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

Who runs it and what they're paid

18 people listed on the 990; $179K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President an
$178,849Pt VII · Sec A
Past Chair/T
$0Pt VII · Sec A
Vice Chair P
$0Pt VII · Sec A
Vice Chair H
$0Pt VII · Sec A
Vice Chair C
$0Pt VII · Sec A
Chair Elect
$0Pt VII · Sec A
Director At-
$0Pt VII · Sec A
Director At-
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Adam Eckman$187,500$3,558————
Howard S Dempsey—$133,410$176,380$181,702$178,849$178,489
Stephanie Shark——$106,160$105,018——

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 Colorado Mining Association 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 15aYes

Programs and updates

Promotes and develops the general welfare of the mineral resource industry.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Publication of newsletters, magazine and directory

Pt IX · col B
02

Committees, workshops and industry promotion.

Pt IX · col B
03

Annual conference and exhibition

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $15K · 2024–2024
Unitemized GrantFY2024$15,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$547K
Ln 12
Fees for servicesLn 2g$526K
Investment incomeLn 3$16K
Other incomeLn 4–11$5K
Money outPt IX
$650K
Ln 25
Owns and owesPt X
$995K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$995K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$526K
Investment incomeLn 3$16K
Other incomeLn 4–11$5K
Gains on assetsLn 7−$7K
Total revenueLn 12$547K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
InvestmentsLn 11–13$968K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$995K
LiabilitiesLn 26$0
Net assetsLn 32$995K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$128K$18K
InvestmentsLn 11–13$860K$968K
Land, buildings, equipmentLn 10c$8K$7K
Total assetsLn 16$999K$995K
LiabilitiesLn 26$0$0
Net assetsLn 32$999K$995K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$201K
Other salaries and wagesLn 7$106K
Pension plan contributionsLn 8$10K
Other employee benefitsLn 9$18K
Payroll taxesLn 10$20K
Accounting feesLn 11c$22K
Lobbying feesLn 11d$123K
Other fees for servicesLn 11g$14K
Office expensesLn 13$31K
Information technologyLn 14$10K
OccupancyLn 16$52K
TravelLn 17$644
Conferences, conventions and meetingsLn 19$15K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$18K
Total functional expensesLn 25$650K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$694K$334K$1.4M 990 PDF
FY2024 $588K$560K$28K$1.1M 990 PDF
FY2023 $886K$755K$131K$984K 990 PDF
FY2022 $664K$763K−$99K$833K 990 PDF
FY2021 Viewing $547K$650K−$103K$995K 990 PDF
FY2020 $570K$728K−$157K$999K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $546,837 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $568,233$525,646
I-10 Investment incomePrior year $1,215$16,347
I-11 Other revenuePrior year $666$4,844
I-12 Total revenuePrior year $570,114$546,837
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $384,563$354,091
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $343,034$295,627
I-18 Total expensesPrior year $727,597$649,718
I-19 Revenue less expensesPrior year −$157,483−$102,881
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $546,837 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $525,646$525,646
VIII-3 Investment incomeExcluded from tax $23,518$23,518
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,171−$7,171
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,844$4,844
VIII-12 Total revenueRelated to mission $530,490 · Excluded from tax $16,347$546,837
Part IX · Statement of functional expenses $649,718 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$200,818
IX-7 Other salaries and wages$105,990
IX-8 Pension plan contributions$10,149
IX-9 Other employee benefits$17,606
IX-10 Payroll taxes$19,528
IX-11c Accounting fees$22,108
IX-11d Lobbying fees$122,573
IX-11g Other fees for services$14,208
IX-13 Office expenses$30,614
IX-14 Information technology$9,714
IX-16 Occupancy$52,465
IX-17 Travel$644
IX-19 Conferences, conventions and meetings$14,958
IX-22 Depreciation, depletion and amortization$1,623
IX-23 Insurance$8,463
IX-24 Other expenses (24a–d)$18,257
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$649,718
Part X · Balance sheet $995,039 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $128,378$17,805
X-3 Pledges and grants receivable$125
X-8 Inventories for sale or useStart of year $2,900$2,900
X-10c Land, buildings and equipment, netStart of year $8,256$6,633
X-11 Publicly traded securitiesStart of year $859,748$967,576
X-16 Total assetsStart of year $999,282$995,039
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $999,282$995,039
X-32 Total net assets or fund balancesStart of year $999,282$995,039
X-33 Total liabilities and net assetsStart of year $999,282$995,039
Part XI · Reconciliation of net assets $995,039 net assets at year end
XI-1 Total revenue$546,837
XI-2 Total expenses$649,718
XI-3 Revenue less expenses−$102,881
XI-4 Net assets at start of year$999,282
XI-5 Net unrealized gains (losses) on investments$98,638
XI-10 Net assets at end of year$995,039

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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