Lake Michigan College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 740,575 | 1,016,393 | −275,818 | 88.7 | 0% |
| 2013 | 1,094,219 | 827,701 | 266,518 | 124.8 | 0% |
| 2014 | 1,249,223 | 841,502 | 407,721 | 143.9 | 0% |
| 2015 | 5,122,368 | 1,044,184 | 4,078,184 | 158.4 | 0% |
| 2016 | 2,672,962 | 845,120 | 1,827,842 | 217.3 | 0% |
| 2017 | 2,324,803 | 735,255 | 1,589,548 | 289.2 | 0% |
| 2018 | 1,596,419 | 4,297,364 | −2,700,945 | 42.5 | 0% |
| 2019 | 2,775,476 | 934,747 | 1,840,729 | 216.3 | 0% |
| 2020 | 1,085,804 | 4,075,717 | −2,989,913 | 40.4 | 0% |
| 2021 | 1,313,612 | 1,168,526 | 145,086 | 172.8 | 0% |
| 2022 | 2,877,330 | 868,454 | 2,008,876 | 197.9 | 0% |
| 2023 | 1,656,707 | 1,702,782 | −46,075 | 105.5 | 0% |
In its most recent public year (2023), this organization spent $46,075 more than it brought in. Its reserves stood at about 105.5 months of spending, up from 88.7 in 2012. Staff pay was 0% of spending. $13,911,351 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 Michigan College 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