Michigan Lutheran Seminary Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 339,212 | 354,783 | −15,571 | 32.6 | 26% |
| 2012 | 374,544 | 265,714 | 108,830 | 48.4 | 36% |
| 2013 | 626,675 | 487,594 | 139,081 | 29.8 | 21% |
| 2014 | 520,197 | 638,281 | −118,084 | 20.4 | 16% |
| 2015 | 684,998 | 319,116 | 365,882 | 54.6 | 35% |
| 2016 | 428,629 | 309,619 | 119,010 | 61.6 | 38% |
| 2017 | 558,697 | 459,020 | 99,677 | 47.8 | 26% |
| 2018 | 311,562 | 367,011 | −55,449 | 57.1 | 14% |
| 2019 | 482,841 | 721,800 | −238,959 | 26.9 | 17% |
| 2020 | 458,077 | 477,825 | −19,748 | 38.1 | 27% |
| 2021 | 548,301 | 849,847 | −301,546 | 22.2 | 16% |
| 2022 | 604,739 | 461,438 | 143,301 | 42.1 | 30% |
| 2023 | 596,593 | 466,140 | 130,453 | 44.3 | 31% |
| 2024 | 619,709 | 458,867 | 160,842 | 49.0 | 32% |
In its most recent public year (2024), this organization brought in $160,842 more than it spent. Its reserves stood at about 49 months of spending, up from 32.6 in 2011. Staff pay was 32% 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 2024. 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
Michigan Lutheran Seminary Foundation's IRS filings as a feed — one entry per filing year, through 2024. 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