Lapeer Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 175,889 | 141,512 | 34,377 | 72.4 | 65% |
| 2013 | 161,231 | 146,672 | 14,559 | 71.0 | 64% |
| 2014 | 186,706 | 343,200 | −156,494 | 24.9 | 27% |
| 2015 | 194,076 | 181,084 | 12,992 | 48.0 | 53% |
| 2016 | 207,739 | 192,298 | 15,441 | 46.2 | 57% |
| 2017 | 196,921 | 200,256 | −3,335 | 44.1 | 55% |
| 2018 | 209,114 | 199,254 | 9,860 | 44.9 | 57% |
| 2019 | 218,313 | 221,207 | −2,894 | 40.3 | 57% |
| 2020 | 222,628 | 213,500 | 9,128 | 42.3 | 68% |
| 2021 | 240,115 | 188,219 | 51,896 | 51.3 | 58% |
| 2022 | 178,651 | 231,967 | −53,316 | 38.9 | 57% |
| 2023 | 178,301 | 232,706 | −54,405 | 35.9 | 70% |
In its most recent public year (2023), this organization spent $54,405 more than it brought in. Its reserves stood at about 35.9 months of spending, down from 72.4 in 2012. Staff pay was 70% of spending. $11,982 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
Lapeer Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. 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