The Northern Michigan University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 4,585,457 | 3,600,361 | 985,096 | 94.3 | 0% |
| 2013 | 5,678,777 | 3,644,673 | 2,034,104 | 102.4 | 0% |
| 2014 | 6,506,396 | 4,349,550 | 2,156,846 | 96.7 | 0% |
| 2015 | 6,121,578 | 4,543,688 | 1,577,890 | 95.5 | 0% |
| 2016 | 3,818,495 | 5,736,702 | −1,918,207 | 70.3 | 0% |
| 2017 | 5,490,542 | 4,726,179 | 764,363 | 93.9 | 0% |
| 2018 | 7,870,889 | 4,243,156 | 3,627,733 | 113.7 | 0% |
| 2019 | 6,783,437 | 4,163,204 | 2,620,233 | 122.0 | 0% |
| 2020 | 6,783,322 | 4,202,771 | 2,580,551 | 125.3 | 0% |
| 2021 | 6,659,103 | 3,718,668 | 2,940,435 | 181.7 | 0% |
| 2022 | 7,666,417 | 4,251,458 | 3,414,959 | 143.4 | 0% |
| 2023 | 18,008,930 | 4,810,789 | 13,198,141 | 164.3 | 0% |
| 2024 | 6,096,168 | 5,430,993 | 665,175 | 155.9 | 0% |
In its most recent public year (2024), this organization brought in $665,175 more than it spent. Its reserves stood at about 155.9 months of spending, up from 94.3 in 2012. Staff pay was 0% of spending. $58,552,807 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 2024. 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
The Northern Michigan University Foundation's IRS filings as a feed — one entry per filing year, through 2024. 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