Midlands Technical College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,280,728 | 570,825 | 709,903 | 131.7 | 7% |
| 2012 | 485,020 | 820,799 | −335,779 | 87.5 | 8% |
| 2013 | 745,143 | 727,737 | 17,406 | 106.0 | 12% |
| 2014 | 1,434,970 | 795,040 | 639,930 | 116.7 | 13% |
| 2015 | 3,871,280 | 934,090 | 2,937,190 | 119.1 | 13% |
| 2016 | 2,464,554 | 1,168,701 | 1,295,853 | 113.3 | 10% |
| 2017 | 1,397,871 | 977,791 | 420,080 | 139.7 | 14% |
| 2018 | 1,670,283 | 1,158,605 | 511,678 | 121.8 | 11% |
| 2019 | 1,793,591 | 958,281 | 835,310 | 155.7 | 15% |
| 2020 | 1,074,934 | 1,050,534 | 24,400 | 142.8 | 27% |
| 2021 | 2,395,413 | 1,121,832 | 1,273,581 | 167.5 | 26% |
| 2022 | 2,613,811 | 1,370,359 | 1,243,452 | 130.6 | 21% |
| 2023 | 4,512,505 | 2,337,747 | 2,174,758 | 88.2 | 12% |
| 2024 | 3,800,252 | 1,517,911 | 2,282,341 | 161.0 | 24% |
In its most recent public year (2024), this organization brought in $2,282,341 more than it spent. Its reserves stood at about 161 months of spending, up from 131.7 in 2011. Staff pay was 24% of spending. $19,561,836 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
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