Central Lakes College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 934,006 | 412,034 | 521,972 | 176.2 | 0% |
| 2013 | 599,070 | 497,328 | 101,742 | 159.0 | 0% |
| 2014 | 858,282 | 501,891 | 356,391 | 176.6 | 0% |
| 2015 | 603,324 | 739,687 | −136,363 | 117.6 | 0% |
| 2016 | 611,699 | 522,064 | 89,635 | 163.4 | 0% |
| 2017 | 1,450,898 | 1,189,749 | 261,149 | 83.1 | 0% |
| 2018 | 1,756,539 | 1,569,485 | 187,054 | 68.5 | 0% |
| 2019 | 1,702,454 | 1,648,531 | 53,923 | 67.2 | 0% |
| 2020 | 1,912,333 | 1,792,502 | 119,831 | 63.5 | 9% |
| 2021 | 2,774,706 | 2,086,349 | 688,357 | 67.6 | 11% |
| 2022 | 3,188,442 | 1,916,730 | 1,271,712 | 66.1 | 15% |
| 2023 | 2,652,455 | 2,754,138 | −101,683 | 50.0 | 12% |
In its most recent public year (2023), this organization spent $101,683 more than it brought in. Its reserves stood at about 50 months of spending, down from 176.2 in 2012. Staff pay was 12% of spending. $10,138,650 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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