Minerva Education Foundation And Alumni Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 11,490 | 14,273 | −2,783 | 9.8 | — |
| 2012 | 11,511 | 8,442 | 3,069 | 21.4 | — |
| 2013 | 12,161 | 15,226 | −3,065 | 9.6 | — |
| 2014 | 13,314 | 13,422 | −108 | 11.2 | — |
| 2015 | 12,643 | 14,152 | −1,509 | 9.5 | — |
| 2016 | 15,473 | 12,333 | 3,140 | 13.8 | — |
| 2017 | 941,341 | 14,069 | 927,272 | 866.3 | 0% |
| 2018 | 122,523 | 71,110 | 51,413 | 162.4 | 0% |
| 2019 | 76,308 | 67,622 | 8,686 | 199.6 | 0% |
| 2020 | 98,767 | 71,313 | 27,454 | 205.7 | 0% |
| 2021 | 35,280 | 77,118 | −41,838 | 215.6 | 0% |
| 2022 | 219,476 | 95,565 | 123,911 | 171.9 | 0% |
| 2023 | 76,181 | 99,447 | −23,266 | 180.0 | 0% |
In its most recent public year (2023), this organization spent $23,266 more than it brought in. Its reserves stood at about 180 months of spending, up from 9.8 in 2011. Staff pay was 0% of spending. $1,370,150 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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