Great Lakes Bay Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 484,080 | 659,708 | −175,628 | 2.5 | 51% |
| 2021 | 517,658 | 542,518 | −24,860 | 2.5 | 54% |
| 2022 | 525,507 | 599,092 | −73,585 | 0.8 | 53% |
| 2023 | 680,456 | 776,101 | −95,645 | -0.8 | 55% |
In its most recent public year (2023), this organization spent $95,645 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.8 months), down from 2.5 in 2020. Staff pay was 55% of spending. $215,965 of its net assets are donor-restricted.
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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works