Minnesota Technology Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 78,506 | 121,209 | −42,703 | 28.3 | 0% |
| 2021 | 375,492 | 206,460 | 169,032 | 26.4 | 0% |
| 2022 | 220,273 | 496,739 | −276,466 | 4.3 | 0% |
| 2023 | 303,864 | 283,921 | 19,943 | 8.4 | 0% |
In its most recent public year (2023), this organization brought in $19,943 more than it spent. Its reserves stood at about 8.4 months of spending, down from 28.3 in 2020. Staff pay was 0% of spending. $20,608 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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