Venture Michigan Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 78,875,591 | 18,403,439 | 60,472,152 | 139.3 | 0% |
| 2021 | 100,484,897 | 18,483,171 | 82,001,726 | 263.7 | 0% |
| 2022 | 26,346,078 | 2,196,899 | 24,149,179 | 1796.7 | 0% |
| 2023 | 11,679,447 | 1,499,758 | 10,179,689 | 1990.3 | 0% |
In its most recent public year (2023), this organization brought in $10,179,689 more than it spent. Its reserves stood at about 1990.3 months of spending, up from 139.3 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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