Saginaw Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 402,025 | 57,184 | 344,841 | 410.7 | 0% |
| 2012 | 72,946 | 143,837 | −70,891 | 157.4 | 0% |
| 2013 | 634,442 | 0 | 634,442 | — | — |
| 2014 | 63,223 | 23,622 | 39,601 | 1300.6 | 0% |
| 2015 | 90,170 | 44,266 | 45,904 | 706.5 | 0% |
| 2016 | 68,511 | 33,762 | 34,749 | 938.6 | 0% |
| 2017 | 65,473 | 164,649 | −99,176 | 185.2 | 0% |
| 2018 | 425,073 | 15,049 | 410,024 | 2353.6 | 0% |
| 2019 | 126,369 | 97,236 | 29,133 | 367.9 | 0% |
| 2020 | 70,589 | 229,962 | −159,373 | 147.2 | 0% |
| 2021 | 324,962 | 352,275 | −27,313 | 95.2 | 0% |
| 2022 | 95,290 | 456,243 | −360,953 | 64.0 | 0% |
| 2023 | 47,905 | 491,879 | −443,974 | 48.5 | 0% |
In its most recent public year (2023), this organization spent $443,974 more than it brought in. Its reserves stood at about 48.5 months of spending, down from 410.7 in 2011. Staff pay was 0% 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
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