Southern Minnesota Initiative Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,003,278 | 3,923,318 | 1,079,960 | 98.7 | 37% |
| 2012 | 7,554,522 | 3,552,670 | 4,001,852 | 116.3 | 41% |
| 2013 | 5,310,246 | 4,101,732 | 1,208,514 | 108.7 | 27% |
| 2014 | 5,352,098 | 3,810,282 | 1,541,816 | 129.0 | 29% |
| 2015 | 4,418,168 | 4,039,697 | 378,471 | 119.3 | 36% |
| 2016 | 5,792,854 | 4,172,164 | 1,620,690 | 115.3 | 36% |
| 2017 | 7,938,479 | 4,891,201 | 3,047,278 | 111.6 | 31% |
| 2018 | 8,587,215 | 4,583,965 | 4,003,250 | 127.7 | 33% |
| 2019 | 9,450,833 | 5,283,087 | 4,167,746 | 113.7 | 30% |
| 2020 | 2,947,582 | 5,158,273 | −2,210,691 | 116.9 | 31% |
| 2021 | 20,001,758 | 15,336,325 | 4,665,433 | 48.9 | 11% |
| 2022 | 22,164,085 | 16,755,144 | 5,408,941 | 41.2 | 10% |
| 2023 | 5,876,900 | 6,487,380 | −610,480 | 112.8 | 26% |
In its most recent public year (2023), this organization spent $610,480 more than it brought in. Its reserves stood at about 112.8 months of spending, up from 98.7 in 2011. Staff pay was 26% of spending. $37,503,163 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
Southern Minnesota Initiative Foundation'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