Minnesota Economic Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,128 | 36,383 | −14,255 | 53.0 | — |
| 2012 | 1,988 | 46,227 | −44,239 | 30.2 | — |
| 2013 | 15,063 | 48,077 | −33,014 | 20.8 | — |
| 2014 | 32,116 | 26,356 | 5,760 | 40.6 | — |
| 2015 | 23,341 | 25,581 | −2,240 | 40.8 | — |
| 2016 | 25,297 | 27,116 | −1,819 | 37.7 | — |
| 2017 | 43,943 | 19,099 | 24,844 | 69.1 | — |
| 2018 | 21,899 | 24,930 | −3,031 | 51.5 | — |
| 2019 | 48,470 | 35,252 | 13,218 | 40.9 | — |
| 2020 | 58,743 | 26,681 | 32,062 | 68.4 | — |
| 2021 | 38,490 | 52,934 | −14,444 | 31.2 | — |
| 2022 | 60,930 | 37,351 | 23,579 | 51.8 | — |
| 2023 | 50,483 | 49,798 | 685 | 39.0 | — |
In its most recent public year (2023), this organization brought in $685 more than it spent. Its reserves stood at about 39 months of spending, down from 53 in 2011.
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
Minnesota Economic Development Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works