Southwestern Michigan College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 370,976 | 165,016 | 205,960 | 352.4 | 0% |
| 2012 | 5,036,126 | 296,210 | 4,739,916 | 387.9 | 0% |
| 2013 | 345,299 | 244,948 | 100,351 | 469.3 | 0% |
| 2014 | 348,654 | 223,149 | 125,505 | 593.6 | 0% |
| 2015 | 455,565 | 206,360 | 249,205 | 653.5 | 0% |
| 2016 | 707,856 | 392,194 | 315,662 | 352.7 | 0% |
| 2017 | 1,088,747 | 356,580 | 732,167 | 407.1 | 0% |
| 2018 | 1,177,773 | 1,037,243 | 140,530 | 141.6 | 0% |
| 2019 | 735,917 | 602,126 | 133,791 | 252.7 | 0% |
| 2020 | 574,016 | 339,185 | 234,831 | 466.8 | 0% |
| 2021 | 815,686 | 373,313 | 442,373 | 505.4 | 0% |
| 2022 | 2,134,180 | 869,699 | 1,264,481 | 196.3 | 0% |
| 2023 | 801,020 | 872,940 | −71,920 | 203.4 | 0% |
| 2024 | 926,549 | 712,560 | 213,989 | 268.0 | 0% |
In its most recent public year (2024), this organization brought in $213,989 more than it spent. Its reserves stood at about 268 months of spending, down from 352.4 in 2011. Staff pay was 0% of spending. $15,625,209 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 2024. 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
Southwestern Michigan College Foundation's IRS filings as a feed — one entry per filing year, through 2024. 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