Michigan Governors Residence Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 686,375 | 550,589 | 135,786 | 3.0 | 0% |
| 2012 | 608,505 | 672,483 | −63,978 | 1.3 | 2% |
| 2013 | 636,823 | 615,510 | 21,313 | 1.8 | 0% |
| 2014 | 83,125 | 100,939 | −17,814 | 9.0 | — |
| 2015 | 5,250 | 35,753 | −30,503 | 15.0 | — |
| 2016 | 5,000 | 34,850 | −29,850 | 5.1 | — |
| 2017 | 38,625 | 27,599 | 11,026 | 11.3 | — |
| 2018 | 9,500 | 35,480 | −25,980 | 0.0 | — |
| 2019 | 208,030 | 177,042 | 30,988 | 2.1 | 0% |
| 2020 | 105,000 | 115,809 | −10,809 | 2.1 | 0% |
| 2021 | 120,000 | 46,830 | 73,170 | 23.9 | 0% |
| 2022 | 0 | 2,200 | −2,200 | 497.2 | 0% |
| 2023 | 75,000 | 22,792 | 52,208 | 75.5 | 0% |
In its most recent public year (2023), this organization brought in $52,208 more than it spent. Its reserves stood at about 75.5 months of spending, up from 3 in 2011. 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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