Michels Corporation Scholarship Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 31,773 | 25,020 | 6,753 | 41.1 | — |
| 2017 | 48,403 | 42,658 | 5,745 | 25.8 | — |
| 2018 | 76,975 | 48,314 | 28,661 | 29.9 | — |
| 2019 | 56,899 | 44,871 | 12,028 | 35.4 | — |
| 2020 | 116,404 | 55,756 | 60,648 | 41.5 | — |
| 2021 | 91,835 | 65,116 | 26,719 | 40.5 | — |
| 2022 | 90,487 | 75,959 | 14,528 | 37.0 | 0% |
| 2023 | 111,475 | 96,462 | 15,013 | 31.0 | 0% |
In its most recent public year (2023), this organization brought in $15,013 more than it spent. Its reserves stood at about 31 months of spending, down from 41.1 in 2016. Staff pay was 0% 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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