Lake Michigan Sail Racing Federation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,940 | 20,102 | 9,838 | 265.0 | — |
| 2012 | 33,609 | 25,999 | 7,610 | 225.2 | — |
| 2013 | 40,344 | 39,629 | 715 | 167.8 | 0% |
| 2014 | 51,827 | 38,095 | 13,732 | 178.8 | 0% |
| 2015 | 50,819 | 40,100 | 10,719 | 165.4 | 0% |
| 2016 | 35,136 | 44,115 | −8,979 | 155.4 | 0% |
| 2017 | 63,023 | 33,758 | 29,265 | 229.8 | 0% |
| 2018 | 60,367 | 47,305 | 13,062 | 151.3 | 0% |
| 2019 | 48,296 | 48,668 | −372 | 168.4 | 0% |
| 2020 | 44,301 | 44,617 | −316 | 199.5 | 0% |
| 2021 | 54,472 | 31,658 | 22,814 | 297.4 | 0% |
| 2022 | 65,760 | 56,673 | 9,087 | 160.4 | 0% |
| 2023 | 63,115 | 57,535 | 5,580 | 173.3 | 0% |
In its most recent public year (2023), this organization brought in $5,580 more than it spent. Its reserves stood at about 173.3 months of spending, down from 265 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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