Leading Michigan Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 731,485 | 942,850 | −211,365 | -5.9 | 21% |
| 2012 | 500,818 | 698,262 | −197,444 | -11.3 | 26% |
| 2017 | 702,200 | 687,783 | 14,417 | -16.4 | 30% |
| 2018 | 471,224 | 726,293 | −255,069 | -19.8 | 31% |
| 2019 | 594,194 | 690,191 | −95,997 | -22.5 | 30% |
| 2020 | 275,478 | 571,322 | −295,844 | -33.4 | 47% |
| 2021 | 161,616 | 483,782 | −322,166 | -47.4 | 62% |
| 2022 | 353,257 | 559,852 | −206,595 | -45.4 | 25% |
| 2023 | 407,743 | 447,423 | −39,680 | -57.9 | 28% |
In its most recent public year (2023), this organization spent $39,680 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-57.9 months), down from -5.9 in 2011. Staff pay was 28% 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
Leading Michigan Educational 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