Colonial Church Of Edina Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 518,988 | 1,062,106 | −543,118 | 104.8 | 0% |
| 2021 | 617,091 | 293,143 | 323,948 | 407.5 | 0% |
| 2022 | 248,749 | 1,076,914 | −828,165 | 81.3 | 0% |
| 2023 | 427,119 | 898,882 | −471,763 | 100.8 | 0% |
In its most recent public year (2023), this organization spent $471,763 more than it brought in. Its reserves stood at about 100.8 months of spending, down from 104.8 in 2020. Staff pay was 0% of spending. $78,654 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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