Utah Mining Association

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EIN 87-0110800 Business league / trade association Salt Lake Cty, UT
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$777K
FY2024▼ -7%
Expenses
$825K
FY2024▲ +26%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Promotes and protects the mining industry, encouraging education about its vital role. For fiscal year 2024 it reported $777K in revenue, $825K in expenses, and $991K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Salt Lake Cty, UT
Website
www.utahmining.org
Filings
5 on file (2020–2024)
Revenue
$777KFY2024
Expenses
$825K
Net assets
$991K
People
19
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Size
$100K–1M
What they do
Promotes and protects the mining industry, encouraging education about its vital role.
Leadership
Anup Bhawalkar · Exec Comm
Money in and out
$777K revenue, $825K expenses
Bottom line
-6% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A business league, chamber of commerce, or trade association. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

39% to programs

39% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -7% vs prior year

Revenue band $100K–1M, -7% versus the prior filing year (down). See detail →

Membership & operating revenue · FY2024
Total revenue
$777K
Pt VIII · Ln 12
Total expenses
$825K
Pt IX · Ln 25
Net assets
$991K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$49K
Where spending went · Part IX cols B–D
Program services $0.39 Management & general $0.61
Operating surplus
-6%
revenue over expenses▼ -129% vs prior filing year
Earned revenue
96%
of revenue from program services & dues▲ +13% vs prior filing year
Payroll share
53%
of spending is salaries & benefits▲ +10% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.0M
FY2024+0.1%
Total liabilities
$23K
FY2024▼ -9%
Revenue less expensesPt I · Ln 19−$49K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B39%
Voting members of governing bodyPt I · Ln 334
Independent voting membersPt I · Ln 433

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CUtah Mining Association
EINHdr · item D87-0110800
Principal addressHdr · item CSalt Lake Cty, UT
WebsiteHdr · item Jwww.utahmining.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1945

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a34
Independent voting membersPt VI · Ln 1b33
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Exec Comm
$0Pt VII · Sec A
Exec Comm
$0Pt VII · Sec A
1st Vice Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Brian Somers$138,752$131,300—
Brian Somers——$126,300

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $322K of program spending, described in the organization's own filed words · FY2024.
01

The utah mining association is an organization made up of individuals engaged directly and indirectly in the mining industry. An important function is providing educational and networking opportunities for these members.

$107Kprogram expense
02

Education is a major focus of the utah mining association. An annual golf tournament is held to fund projects that provide education to both the public at large and to teachers specifically concerning the history and benefits of the mining industry.

$107Kprogram expense
03

The utah mining association communicates with its members in a timely and cost-effective manner through the use of its website and through electronic communications. The monthly newsletter is sent electronically and is available to the membership.

$107Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$749K · 96%
Investment income$28K · 4%
Program service revenue96%$749K
Investment income4%$28K
Total revenueLn 12$777K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.39 Management & general $0.61
Program services39%$322K
Management & general61%$504K
Total functional expensesLn 25$825K

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$23K
Total net assetsLn 32$991K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $889K · Operating expenses/yr $825K
12.9 months
Where the money goes
Program services
Program services $322K · Total expenses $825K
39%
Management & General
Management & general $504K · Total expenses $825K
61%
Fundraising
Fundraising $0 · Total expenses $825K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $777K
0%
Government reliance
Government grants — · Total revenue $777K
—
Earned-income share
Program service revenue $749K · Total revenue $777K
96%
Investment reliance
Investment income $28K · Total revenue $777K
+4%
Program self-sufficiency
Program service revenue $749K · Total expenses $825K
91%
Growth & trend
Revenue growth (YoY)
This year $777K · Prior year $835K
-7%
Revenue CAGR
FY2020 $414K · FY2024 $777K
+17%
Net-asset trend (YoY)
End of year $991K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $777K · Expenses $825K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $991K · Total assets $1.0M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $764K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
75%
People & payroll
Highest Reported Total Compensation
Individual Anup Bhawalkar · Reported title EXEC COMM · Highest reported compensation $0 · Total expenses $825K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $434K · Total expenses $825K
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 39%——
Overhead ratio 61%——
Revenue growth -7%——
Investment management fee ratio 0.7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$777K revenue · viewing · ⤓ 990 PDF
FY2023$835K revenue · ⤓ 990 PDF
FY2022$626K revenue · ⤓ 990 PDF
FY2021$501K revenue · ⤓ 990 PDF
FY2020$414K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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