Lakes Region Scholarship Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 604,866 | 326,723 | 278,143 | 157.8 | 9% |
| 2012 | 726,352 | 294,840 | 431,512 | 192.5 | 10% |
| 2013 | 1,441,330 | 294,664 | 1,146,666 | 239.3 | 10% |
| 2014 | 750,182 | 338,217 | 411,965 | 223.1 | 10% |
| 2015 | 450,477 | 419,434 | 31,043 | 175.5 | 17% |
| 2016 | 403,071 | 481,898 | −78,827 | 160.5 | 20% |
| 2017 | 417,536 | 506,157 | −88,621 | 170.0 | 20% |
| 2018 | 1,301,430 | 593,535 | 707,895 | 152.1 | 12% |
| 2019 | 599,441 | 669,480 | −70,039 | 151.7 | 12% |
| 2020 | 938,527 | 575,393 | 363,134 | 204.2 | 16% |
| 2021 | 2,617,531 | 736,157 | 1,881,374 | 215.2 | 13% |
| 2022 | 1,894,924 | 886,953 | 1,007,971 | 167.2 | 12% |
| 2023 | 1,851,754 | 824,059 | 1,027,695 | 212.6 | 14% |
In its most recent public year (2023), this organization brought in $1,027,695 more than it spent. Its reserves stood at about 212.6 months of spending, up from 157.8 in 2011. Staff pay was 14% of spending.
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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