Michigan Tech Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,934,675 | 15,671,025 | 5,263,650 | 82.2 | 3% |
| 2012 | 19,329,005 | 16,219,717 | 3,109,288 | 77.5 | 3% |
| 2013 | 23,670,986 | 14,677,559 | 8,993,427 | 93.9 | 0% |
| 2014 | 16,530,540 | 16,512,539 | 18,001 | 89.4 | 0% |
| 2015 | 26,687,385 | 19,555,787 | 7,131,598 | 76.7 | 0% |
| 2016 | 24,864,870 | 16,757,980 | 8,106,890 | 91.9 | 0% |
| 2017 | 18,573,622 | 15,739,032 | 2,834,590 | 104.6 | 0% |
| 2018 | 21,591,954 | 16,055,654 | 5,536,300 | 110.4 | 0% |
| 2019 | 26,937,297 | 15,557,005 | 11,380,292 | 116.0 | 0% |
| 2020 | 15,450,374 | 15,132,307 | 318,067 | 121.9 | 0% |
| 2021 | 42,674,434 | 12,119,429 | 30,555,005 | 197.1 | 0% |
| 2022 | 23,017,845 | 15,866,543 | 7,151,302 | 146.6 | 0% |
| 2023 | 20,705,355 | 14,627,996 | 6,077,359 | 168.9 | 0% |
In its most recent public year (2023), this organization brought in $6,077,359 more than it spent. Its reserves stood at about 168.9 months of spending, up from 82.2 in 2011. Staff pay was 0% of spending. $196,003,847 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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