Lake Erie Energy Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 477,359 | 710,630 | −233,271 | -2.8 | 17% |
| 2011 | 812,882 | 531,397 | 281,485 | 2.6 | 49% |
| 2012 | 402,883 | 468,551 | −65,668 | 1.2 | 51% |
| 2013 | 3,376,185 | 3,542,283 | −166,098 | -0.4 | 13% |
| 2014 | 1,227,591 | 1,566,848 | −339,257 | -3.5 | 26% |
| 2015 | 2,366,844 | 2,522,865 | −156,021 | -2.9 | 22% |
| 2016 | 3,966,642 | 5,637,491 | −1,670,849 | -4.9 | 11% |
| 2017 | 1,176,681 | 3,574,327 | −2,397,646 | -16.7 | 19% |
| 2018 | 1,652,683 | 2,647,424 | −994,741 | -27.0 | 27% |
| 2019 | 794,462 | 1,506,870 | −712,408 | -53.1 | 34% |
| 2020 | 761,856 | 981,053 | −219,197 | -84.2 | 21% |
| 2021 | 267,723 | 255,926 | 11,797 | -322.4 | 46% |
| 2022 | 182,052 | 117,003 | 65,049 | -698.5 | 11% |
In its most recent public year (2022), this organization brought in $65,049 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-698.5 months), down from -2.8 in 2010. Staff pay was 11% 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 2022. 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
Lake Erie Energy Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works