Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1991.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
96 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
35 people listed on the 990.
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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
Fosters scientific, technical, and educational exchange through various activities.
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The phd-fellowship program focuses on providing financial support to qualified candidates with industry experience and a desire to pursue an academic career, who are currently enrolled or have been formally accepted in a U.S.
The mineral education coalition (mec) is the society for mining, metallurgy and exploration foundation's designated program to develop and deliver accurate and timely k-12 education materials and activities and conduct public awareness outreach about mining and minerals.
The peng ground control mining award is given in recognition of individuals that have demonstrated technical and scientific excellence in advancing the understanding of ground control technologies or approaches by either publication or direct applications in the mining industry.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $474K | $231K |
| InvestmentsLn 11–13 | $5.2M | $6.3M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $5.9M | $6.9M |
| LiabilitiesLn 26 | $80K | $85K |
| Net assetsLn 32 | $5.8M | $6.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $947K | $947K | ||
| Pay of current officers, directors and key staffLn 5 | $133K | $133K | ||
| Other salaries and wagesLn 7 | $191K | $191K | ||
| Other employee benefitsLn 9 | $65K | $65K | ||
| Payroll taxesLn 10 | $23K | $23K | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Investment management feesLn 11f | $64K | $64K | ||
| Other fees for servicesLn 11g | $15K | $15K | ||
| Office expensesLn 13 | $30K | $30K | ||
| OccupancyLn 16 | $37K | $37K | ||
| TravelLn 17 | $16K | $16K | ||
| Conferences, conventions and meetingsLn 19 | $62K | $62K | ||
| Other expenses (24a–d)Ln 24 | $45K | $45K | ||
| All other expensesLn 24e | $248 | $248 | ||
| Total functional expensesLn 25 | $1.6M | $1.6M | $73K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Viewing | $2.0M | $1.6M | $390K | $6.8M | 990 PDF |
| FY2023 | $1.4M | $1.6M | −$118K | $5.8M | 990 PDF |
| FY2022 | $1.6M | $1.6M | $22K | $5.6M | 990 PDF |
| FY2021 | $1.4M | $1.3M | $134K | $6.4M | 990 PDF |
| FY2020 | $1.1M | $1.6M | −$465K | $5.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,026,498 across 9 lines filed
Part IX · Statement of functional expenses $1,636,683 across 14 lines filed
Part X · Balance sheet $6,874,629 assets, 14 lines filed
Part XI · Reconciliation of net assets $6,789,342 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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