Higgins Lake Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 116,758 | 109,947 | 6,811 | 155.2 | 11% |
| 2012 | 116,078 | 74,244 | 41,834 | 241.8 | 16% |
| 2013 | 418,866 | 104,369 | 314,497 | 225.6 | 12% |
| 2014 | 135,877 | 176,293 | −40,416 | 133.7 | 10% |
| 2015 | 137,908 | 214,996 | −77,088 | 101.9 | 17% |
| 2016 | 125,345 | 168,424 | −43,079 | 131.1 | 17% |
| 2017 | 133,286 | 166,764 | −33,478 | 149.2 | 31% |
| 2018 | 127,208 | 208,840 | −81,632 | 103.3 | 23% |
| 2019 | 154,784 | 221,039 | −66,255 | 111.8 | 26% |
| 2020 | 170,161 | 136,958 | 33,203 | 201.8 | 25% |
| 2021 | 196,924 | 247,586 | −50,662 | 121.2 | 26% |
| 2022 | 237,267 | 332,955 | −95,688 | 70.0 | 18% |
In its most recent public year (2022), this organization spent $95,688 more than it brought in. Its reserves stood at about 70 months of spending, down from 155.2 in 2011. Staff pay was 18% of spending. $20,816 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 2022. 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
Higgins Lake Foundation's IRS filings as a feed — one entry per filing year, through 2022. 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