Lake Superior College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 410,249 | 472,196 | −61,947 | 20.7 | 0% |
| 2012 | 563,438 | 521,186 | 42,252 | 19.4 | 0% |
| 2013 | 483,869 | 489,695 | −5,826 | 22.1 | 0% |
| 2014 | 614,196 | 611,745 | 2,451 | 19.2 | 0% |
| 2015 | 677,631 | 852,337 | −174,706 | 13.3 | 0% |
| 2016 | 663,955 | 585,057 | 78,898 | 19.9 | 0% |
| 2017 | 792,608 | 715,949 | 76,659 | 19.6 | 0% |
| 2018 | 700,336 | 813,482 | −113,146 | 15.7 | 0% |
| 2019 | 718,686 | 740,845 | −22,159 | 20.1 | 0% |
| 2020 | 406,478 | 514,062 | −107,584 | 25.7 | 1% |
| 2021 | 513,738 | 454,876 | 58,862 | 35.9 | 0% |
| 2022 | 1,136,101 | 390,916 | 745,185 | 60.3 | 0% |
| 2023 | 389,549 | 482,487 | −92,938 | 48.3 | 0% |
In its most recent public year (2023), this organization spent $92,938 more than it brought in. Its reserves stood at about 48.3 months of spending, up from 20.7 in 2011. Staff pay was 0% of spending. $1,786,063 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
Lake Superior College Foundation Inc's IRS filings as a feed — one entry per filing year, through 2023. 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