The Foundation For Muskegon Community College Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 131,994 | 103,796 | 28,198 | 30.7 | — |
| 2012 | 130,273 | 110,950 | 19,323 | 29.1 | — |
| 2013 | 130,034 | 217,687 | −87,653 | 10.3 | — |
| 2014 | 228,124 | 199,500 | 28,624 | 14.0 | 0% |
| 2015 | 695,024 | 529,469 | 165,555 | 9.0 | 0% |
| 2016 | 324,162 | 419,045 | −94,883 | 8.7 | 0% |
| 2017 | 864,178 | 768,792 | 95,386 | 6.3 | 0% |
| 2018 | 2,150,861 | 1,957,914 | 192,947 | 3.7 | 0% |
| 2019 | 357,394 | 413,129 | −55,735 | 24.2 | 0% |
| 2020 | 334,460 | 286,480 | 47,980 | 37.3 | 0% |
| 2021 | 346,876 | 160,985 | 185,891 | 98.2 | 0% |
| 2022 | 441,616 | 403,116 | 38,500 | 34.3 | 0% |
| 2023 | 493,430 | 339,111 | 154,319 | 49.5 | 0% |
In its most recent public year (2023), this organization brought in $154,319 more than it spent. Its reserves stood at about 49.5 months of spending, up from 30.7 in 2011. Staff pay was 0% of spending. $1,123,354 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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