Regional Economic Development & Energy Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 68,447 | 97,075 | −28,628 | 184.7 | 37% |
| 2012 | 68,715 | 116,009 | −47,294 | 149.6 | 33% |
| 2013 | 53,819 | 83,909 | −30,090 | 202.6 | 43% |
| 2014 | 57,270 | 93,931 | −36,661 | 179.5 | 43% |
| 2015 | 50,918 | 68,622 | −17,704 | 247.1 | 71% |
| 2016 | 49,023 | 183,949 | −134,926 | 65.6 | 13% |
| 2017 | 85,367 | 54,776 | 30,591 | 224.1 | 42% |
| 2018 | 54,118 | 122,316 | −68,198 | 97.8 | 7% |
| 2019 | 121,855 | 19,559 | 102,296 | 669.1 | 38% |
| 2020 | 415,646 | 122,566 | 293,080 | 134.7 | 8% |
| 2021 | 778,102 | 62,074 | 716,028 | 400.3 | 15% |
| 2022 | 92,142 | 154,471 | −62,329 | 156.0 | 6% |
| 2023 | 139,542 | 42,700 | 96,842 | 592.2 | 23% |
In its most recent public year (2023), this organization brought in $96,842 more than it spent. Its reserves stood at about 592.2 months of spending, up from 184.7 in 2011. Staff pay was 23% of spending. $2,107,200 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
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