Northwestern Michigan College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,545,347 | 1,775,353 | 2,769,994 | 197.9 | 0% |
| 2012 | 1,747,654 | 1,797,759 | −50,105 | 193.8 | 0% |
| 2013 | 3,267,667 | 2,452,424 | 815,243 | 154.4 | 0% |
| 2014 | 4,093,659 | 2,492,788 | 1,600,871 | 175.3 | 0% |
| 2015 | 5,796,032 | 3,111,527 | 2,684,505 | 136.8 | 0% |
| 2016 | 5,494,154 | 2,587,946 | 2,906,208 | 173.4 | 0% |
| 2017 | 4,511,707 | 2,741,645 | 1,770,062 | 178.5 | 0% |
| 2018 | 6,752,282 | 3,214,843 | 3,537,439 | 166.4 | 0% |
| 2019 | 8,219,969 | 4,144,542 | 4,075,427 | 142.3 | 11% |
| 2020 | 4,006,261 | 4,523,449 | −517,188 | 126.7 | 13% |
| 2021 | 8,306,743 | 4,162,253 | 4,144,490 | 176.3 | 14% |
| 2022 | 4,991,031 | 4,765,568 | 225,463 | 137.3 | 14% |
| 2023 | 4,025,925 | 4,973,565 | −947,640 | 138.8 | 10% |
In its most recent public year (2023), this organization spent $947,640 more than it brought in. Its reserves stood at about 138.8 months of spending, down from 197.9 in 2011. Staff pay was 10% of spending. $53,207,705 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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