Maine Educators Consortium Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 512,500 | 433,472 | 79,028 | 2.0 | 5% |
| 2015 | 666,800 | 605,060 | 61,740 | 2.7 | 34% |
| 2016 | 818,358 | 664,559 | 153,799 | 5.1 | 41% |
| 2017 | 862,025 | 762,025 | 100,000 | 4.5 | 36% |
| 2018 | 765,728 | 832,438 | −66,710 | 3.2 | 34% |
| 2019 | 1,027,682 | 966,000 | 61,682 | 3.5 | 33% |
| 2020 | 1,181,833 | 1,023,110 | 158,723 | 5.1 | 37% |
| 2021 | 1,373,239 | 1,149,851 | 223,388 | 6.9 | 31% |
| 2022 | 1,437,652 | 1,342,123 | 95,529 | 6.8 | 27% |
| 2023 | 1,715,109 | 1,297,106 | 418,003 | 10.9 | 34% |
In its most recent public year (2023), this organization brought in $418,003 more than it spent. Its reserves stood at about 10.9 months of spending, up from 2 in 2014. Staff pay was 34% 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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