Lake Land College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,540,976 | 939,011 | 601,965 | 188.4 | 14% |
| 2022 | 4,733,091 | 1,142,062 | 3,591,029 | 159.8 | 6% |
| 2023 | 3,437,842 | 2,838,915 | 598,927 | 70.8 | 7% |
| 2024 | 1,673,676 | 1,778,105 | −104,429 | 118.9 | 13% |
In its most recent public year (2024), this organization spent $104,429 more than it brought in. Its reserves stood at about 118.9 months of spending, down from 188.4 in 2021. Staff pay was 13% of spending. $15,336,000 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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