Minneapolis Regional Chamber Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 470,250 | 249,299 | 220,951 | 19.9 | 0% |
| 2012 | 327,900 | 599,672 | −271,772 | 2.8 | 0% |
| 2013 | 354,350 | 347,562 | 6,788 | 5.1 | 0% |
| 2014 | 13,550 | 76,807 | −63,257 | 13.2 | 0% |
| 2015 | 17,850 | 21,264 | −3,414 | 45.9 | — |
| 2017 | 320,451 | 132,872 | 187,579 | 23.1 | 20% |
| 2018 | 456,070 | 399,326 | 56,744 | 9.4 | 15% |
| 2019 | 786,008 | 726,489 | 59,519 | 6.1 | 17% |
| 2020 | 1,671,491 | 1,080,874 | 590,617 | 10.7 | 48% |
| 2021 | 1,731,380 | 1,754,053 | −22,673 | 6.4 | 49% |
| 2022 | 1,612,535 | 2,000,512 | −387,977 | 3.4 | 55% |
| 2023 | 1,617,688 | 2,257,696 | −640,008 | -1.3 | 52% |
In its most recent public year (2023), this organization spent $640,008 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.3 months), down from 19.9 in 2011. Staff pay was 52% of spending. $343,245 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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