2016-05-02T17:34:37-05:00 2015-06-30 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2014-07-01 466011771 SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY FOUNDATION SOUT 6053946660 306 EAST SAINT JOSEPH ST STE 200 RAPID CITY SD 57701 JOEL KINCART PRESIDENT 6053946660 2016-05-02 true JOHN B WALKER CPA P00179985 6053425630 2016-05-02 2014 2016-08-17 19:52:53Z SDSM&T FOUNDATION JOEL KINCART 306 EAST SAINT JOSEPH ST STE 200 RAPID CITY SD 57701 38788398 false X FOUNDATION.SDSMT.EDU X 1954 SD THE SDSM&T FOUNDATION'S MISSION IS TO ASSIST THE SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY UNIVERSITY IN PROVIDING EXCEPTIONAL INTELLECTUAL, PROFESSIONAL, AND PERSONAL DEVELOPMENT OPPORTUNITIES. WE SEEK THE REQUIRED RESOURCES TO ENHANCE THOSE OPPORTUNITIES TO ENRICH AND EMPOWER THE INDIVIDUAL'S ATTAINMENT OF OUTSTANDING EDUCATIONAL EXPERIENCES, PROFESSIONAL ACCOMPLISHMENTS, AND LIFETIME EXPERIENCES TO ADDRESS SOCIETY'S NEEDS THROUGH TECHNOLOGY. 36 36 21 50 0 9863788 6032518 510248 537369 2291972 5098219 272134 157188 12938142 11825294 3727768 5055238 0 1003448 1202087 67500 6121 1081645 626825 705934 5425541 6969380 7512601 4855914 77437461 76211303 9813621 7774130 67623840 68437173 X THE SDSM&T FOUNDATION'S MISSION IS TO ASSIST THE SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY UNIVERSITY IN PROVIDING EXCEPTIONAL INTELLECTUAL, PROFESSIONAL, AND PERSONAL DEVELOPMENT OPPORTUNITIES. WE SEEK THE REQUIRED RESOURCES TO ENHANCE THOSE OPPORTUNITIES TO ENRICH AND EMPOWER THE INDIVIDUAL'S ATTAINMENT OF OUTSTANDING EDUCATIONAL EXPERIENCES, PROFESSIONAL ACCOMPLISHMENTS, AND LIFETIME EXPERIENCES TO ADDRESS SOCIETY'S NEEDS THROUGH TECHNOLOGY. false false 2243579 2243579 PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS ATTENDING SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY (SDSM&T). SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE SDSM&T SCHOLARSHIP COMMITTEE. PRIZES AND AWARDS TO STUDENTS, FACULTY, AND STAFF ACCORDING TO SPECIFIC AWARD CRITERIA. 2811659 2811659 698665 GENERAL SUPPORT TO SDSM&T, ITS DEPARTMENTS, AND ITS STUDENTS. 5055238 true true false false false true false false true true true true false false true true true true false false false false false false true false false true false true false false false false false false false false true false false false false true true false false false true 39 0 21 true false false false false false true true false false false false X 36 36 true false false false false false false true true false false false true true true true false true true false X LANA THOM 6053946660 306 E SAINT JOSEPH ST SUITE 200 RAPID CITY SD 57701 MICHAEL M SELZER CEO 40.00 X 178277 0 14521 BRADLEY JOHNSON VP-PRES. DEV 40.00 X 121447 0 13386 JOEL KINCART CEO 40.00 X 0 0 0 299724 27907 2 false true false 58451 5974067 2695735 6032518 ADMINISTRATIVE FEES 223557 223557 CAMPUS ACTIVITIES 188865 188865 SDSM&T REGISTRATION ACTIVITY 124947 124947 537369 1005662 1005662 584378 423082 161296 161296 161296 30583540 26490983 4092557 4092557 4092557 44931 58451 49039 -4108 -4108 11825294 698665 5094111 5055238 5055238 415299 164085 251214 627226 247145 380081 24553 9701 14852 49906 19718 30188 85103 33573 51530 21663 8559 13104 23585 9318 14267 6121 6121 262758 220261 42497 115420 27920 87500 110493 41327 69166 45818 18103 27715 73120 73120 24122 9531 14591 19533 19533 9422 3723 5699 6969380 5055238 832497 1081645 546126 337493 3734048 2063682 6570695 5117121 207343 166844 403765 373346 51784 74953 6181670 872704 5424739 5308966 46837664 44021593 13582615 18374379 78682 372926 77437461 76211303 3835009 2026123 11580 8350 72388 117654 1097610 1084201 4797034 4537802 9813621 7774130 X 1762889 1902715 15071986 15536902 50788965 50997556 67623840 68437173 77437461 76211303 4855914 -4042581 X false true X true false X 9360004 5502429 7633371 9863788 6032518 38392110 9360004 5502429 7633371 9863788 6032518 38392110 3624384 34767726 1140979 1339808 937441 1139086 1005662 5562976 43955086 1121747 0.79100 0.78400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 47500 29838 98192 true true false true X 54892075 1088935 421178 -915000 -195442 55291746 48300926 1714724 5793776 -738000 -179351 54892075 42670413 2922579 3573173 -640000 -225239 48300926 42504607 2127808 -810011 -938364 -213627 42670413 32679059 5249238 6341891 -966362 -799219 42504607 0.01400 0.92200 0.06400 true false 1857189 61374 1918563 3554293 782795 2771498 192893 45313 147580 46155 44596 1559 469766 469766 5308966 LOW-CORRELATED HEDGE FUNDS 10088071 F REAL ESTATE FUNDS 3483121 F PRIVATE EQUITY 1858917 F GOV SEC/CORP BONDS/CD'S 1736475 F ILLIQUID CREDIT 1207795 F OTHER INVESTMENTS F 18374379 LIAB UNDER CHARIT. TR AND ANNUITIES 4537802 4537802 X 7648366 -4042581 9118 49039 -3984424 11632790 192504 192504 11825294 6835033 9118 49039 58157 6776876 192504 192504 6969380 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE FOUNDATION HOLDS MONIES FOR VARIOUS SDSM&T DEPARTMENTS, PROGRAMS AND ACTIVITIES. GENERALLY THIS IS ON A SHORT TERM BASIS, AT WHICH TIME, UPON PROPER AUTHORIZATION FROM THE SCHOOL, MONIES ARE RETURNED OR DISBURSED TO THE APPROPRIATE THIRD PARTY. SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS WILL PROVIDE FOR SCHOLARSHIPS AND FELLOWSHIPS, FACULTY SUPPORT, RESEARCH, STUDENT ASSISTANCE, DEPARTMENT SUPPORT TO THE SDSM&T, AND OPERATIONS OF THE FOUNDATION. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION BELIEVES THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D DIRECT FUND RAISING EXP. 49,039 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT FUND RAISING EXP 49,039 MINES MEDAL 67756 53833 13923 31697 FILM SERIES 30118 4218 25900 13888 1 5508 400 5108 3454 103382 58451 44931 49039 49039 -4108 true SDSM&T 501 E ST JOSEPH STREET RAPID CITY SD 57701 466000364 GOV 2243579 SCHOLARSHIPS/FELLOWS SDSM&T 501 E ST JOSEPH STREET RAPID CITY SD 57701 466000364 GOV 2122149 689510 FAIR VALUE GENERAL SUPPORT 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION REIMBURSES SDSM&T FOR SCHOLARSHIPS AND NON-SCHOLARSHIPS. FOR SCHOLARSHIP, SDSM&T PROVIDES A LIST SHOWING RECIPIENT, AWARD, AMOUNT, AND DEGREE PROGRAM. THE FOUNDATION REVIEWS TO DETERMINE AWARD CRITERIA IS MET. NON-SCHOLARHSIP EXPENDITURES ARE EITHER REIMBURSED TO SDSM&T UPON SUBMISSION OF A DETAILED INVOICE OR PAID DIRECTLY TO THIRD PARTY VENDORS UPON SUBMISSION OF AN INVOICE AND AUTHORIZATION BY SDSM&T. X true true X X X X X false false false true false false false true false MICHAEL M SELZER CEO 144621 33656 7500 7021 192798 SCHEDULE J, PAGE 1, PART I, LINE 5A THE FOUNDATION BOARD HAS ESTABLISHED A BONUS PLAN. IF PRIOR YEAR GOALS ARE MET, WHICH INCLUDE CONTRIBUTION REVENUE GOALS, THE CEO MAY BE ELIGIBLE FOR A BONUS SUPPLEMENT. SCHEDULE J, PAGE 1, PART I, LINE 7 IN ADDITION TO CONTRIBUTION REVENUE GOALS IN 5 ABOVE, OTHER FACTORS TO BE CONSIDERED FOR ANY BONUS INCLUDE STEWARDSHIP, PERFORMANCE TO BUDGET, PROPERTY GOALS, PLEDGE COLLECTIONS, AND NUMBER OF DONORS. X 47 527894 FAIR MARKET VALUE X PLEDGES 58 1482331 PLEDGES @ NET VALUE X MUSICAL INSTRU 1 337896 COMPARABLE PRICE/VALUE X MISCELLANEOUS 1 11614 FAIR VALUE X ACADEM. LICENSE 9 336000 FAIR VALUE false true false SCHEDULE M, PAGE 2, PART II SCH M, PART I, COL. B; METHOD USED IS NUMBER OF CONTRIBUTIONS. FORM 990 - ORGANIZATION'S MISSION THE SDSM&T FOUNDATION'S MISSION IS TO ASSIST THE SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY UNIVERSITY IN PROVIDING EXCEPTIONAL INTELLECTUAL, PROFESSIONAL, AND PERSONAL DEVELOPMENT OPPORTUNITIES. WE SEEK THE REQUIRED RESOURCES TO ENHANCE THOSE OPPORTUNITIES TO ENRICH AND EMPOWER THE INDIVIDUAL'S ATTAINMENT OF OUTSTANDING EDUCATIONAL EXPERIENCES, PROFESSIONAL ACCOMPLISHMENTS, AND LIFETIME EXPERIENCES TO ADDRESS SOCIETY'S NEEDS THROUGH TECHNOLOGY. FORM 990, PAGE 6, PART VI, LINE 2 GARY DIRKS MONTE DIRKS TRUSTEE TRUSTEE FAMILY JEANE HULL JOHN HULL TRUSTEE TRUSTEE FAMILY SCOTT KENNER TODD KENNER TRUSTEE TRUSTEE FAMILY FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT OF THE FOUNDATION AND THE CHAIRMAN OF THE BOARD PRIOR TO FILING. THE FORM 990 IS AVAILABLE TO THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C THE FOUNDATION SURVEYS ALL TRUSTEES EACH YEAR. ANY CONFLICTS WOULD BE COMMUNICATED TO THE BOARD OF DIRECTORS. IF A CONFLICT ARISES, THE TRUSTEE MAY BE ASKED TO ABSTAIN FROM VOTING OR EVEN RELINQUISH SERVING AS A FOUNDATION TRUSTEE. FORM 990, PAGE 6, PART VI, LINE 15A A COMPENSATION COMMITTEE MADE UP OF SOME OF OUR TRUSTEES MEETS ANNUALLY TO DISCUSS THE SALARY/BENEFIT PACKAGE FOR THE CEO. THE COMMITTEE LOOKS AT COMPARABLE DATA, PERFORMANCE, FINANCIAL CONDITION, AND PRESENTS A RECOMMENDATION FOR ANY CHANGE TO THE BOARD OF TRUSTEES FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B SAME PROCESS AS CEO. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. GENERAL POLICY AND PROCEDURES ARE AVAILABLE ON OUR WEBSITE. TECH VENTURES INC 306 E ST JOSEPH ST STE 200 RAPID CITY SD 57701 383704015 MGMT. SD SDSM&T FDN C CORP -163 5000 1.00000 true false false false false false false false false false false false false false false false false false false false