Grand Traverse Educational Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 132,766 | 124,515 | 8,251 | 226.1 | 0% |
| 2012 | 142,063 | 108,647 | 33,416 | 281.1 | 0% |
| 2013 | 1,754,108 | 112,574 | 1,641,534 | 475.7 | 0% |
| 2014 | 372,793 | 223,341 | 149,452 | 252.7 | 0% |
| 2015 | 1,177,038 | 313,322 | 863,716 | 205.5 | 0% |
| 2016 | 211,261 | 1,457,340 | −1,246,079 | 35.9 | 0% |
| 2017 | 377,293 | 203,682 | 173,611 | 287.3 | 0% |
| 2018 | 433,061 | 213,692 | 219,369 | 255.9 | 0% |
| 2019 | 958,432 | 211,089 | 747,343 | 326.4 | 9% |
| 2020 | 414,868 | 206,860 | 208,008 | 368.0 | 10% |
| 2021 | 1,034,882 | 229,086 | 805,796 | 410.8 | 9% |
| 2022 | 454,764 | 273,818 | 180,946 | 311.1 | 7% |
| 2023 | 405,182 | 285,983 | 119,199 | 332.6 | 7% |
In its most recent public year (2023), this organization brought in $119,199 more than it spent. Its reserves stood at about 332.6 months of spending, up from 226.1 in 2011. Staff pay was 7% of spending. $6,923,916 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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