Midland College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,615,838 | 1,748,077 | 2,867,761 | 223.3 | 0% |
| 2012 | 5,759,611 | 1,627,403 | 4,132,208 | 278.0 | 0% |
| 2013 | 5,181,038 | 2,071,766 | 3,109,272 | 260.9 | 0% |
| 2014 | 10,050,278 | 3,231,028 | 6,819,250 | 184.5 | 0% |
| 2015 | 3,918,030 | 4,706,197 | −788,167 | 115.3 | 0% |
| 2016 | 2,827,037 | 1,937,848 | 889,189 | 297.3 | 0% |
| 2017 | 9,422,109 | 2,226,939 | 7,195,170 | 301.7 | 0% |
| 2018 | 5,594,497 | 2,496,968 | 3,097,529 | 255.0 | 0% |
| 2019 | 9,128,206 | 6,659,349 | 2,468,857 | 111.2 | 0% |
| 2020 | 3,417,983 | 7,154,072 | −3,736,089 | 105.7 | 0% |
| 2021 | 5,413,638 | 3,723,600 | 1,690,038 | 240.6 | 0% |
| 2022 | 33,003,754 | 16,689,584 | 16,314,170 | 55.7 | 0% |
| 2023 | 5,548,732 | 19,056,275 | −13,507,543 | 43.9 | 0% |
In its most recent public year (2023), this organization spent $13,507,543 more than it brought in. Its reserves stood at about 43.9 months of spending, down from 223.3 in 2011. Staff pay was 0% of spending. $57,880,619 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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