Lake Superior State University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,480,235 | 992,572 | 487,663 | 97.4 | 23% |
| 2012 | 1,649,013 | 1,075,736 | 573,277 | 95.0 | 21% |
| 2013 | 3,139,305 | 1,444,708 | 1,694,597 | 88.2 | 18% |
| 2014 | 3,283,261 | 1,675,442 | 1,607,819 | 94.0 | 15% |
| 2015 | 3,730,782 | 2,640,342 | 1,090,440 | 64.4 | 12% |
| 2016 | 3,694,951 | 2,097,646 | 1,597,305 | 87.5 | 14% |
| 2017 | 2,751,221 | 1,446,623 | 1,304,598 | 146.6 | 19% |
| 2018 | 4,336,925 | 1,807,919 | 2,529,006 | 138.2 | 17% |
| 2019 | 3,584,409 | 2,621,166 | 963,243 | 99.8 | 11% |
| 2020 | 3,515,010 | 3,373,819 | 141,191 | 73.1 | 9% |
| 2021 | 4,430,858 | 2,679,878 | 1,750,980 | 113.2 | 11% |
| 2022 | 4,258,550 | 2,012,449 | 2,246,101 | 133.8 | 13% |
| 2023 | 3,637,982 | 2,166,565 | 1,471,417 | 142.6 | 12% |
In its most recent public year (2023), this organization brought in $1,471,417 more than it spent. Its reserves stood at about 142.6 months of spending, up from 97.4 in 2011. Staff pay was 12% of spending. $345,566 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
Lake Superior State University Foundation'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