Michigan Foundation For Agriculture
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,252,858 | 3,214,849 | 38,009 | 5.6 | 0% |
| 2021 | 4,183,313 | 5,220,476 | −1,037,163 | 1.0 | 0% |
| 2022 | 7,141,621 | 6,955,802 | 185,819 | 1.1 | 0% |
| 2023 | 7,217,364 | 7,329,574 | −112,210 | 0.9 | 0% |
In its most recent public year (2023), this organization spent $112,210 more than it brought in. Its reserves stood at about 0.9 months of spending, down from 5.6 in 2020. Staff pay was 0% of spending. $524,818 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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