Michigan Festivals & Events Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 334,860 | 341,404 | −6,544 | 10.4 | 37% |
| 2013 | 286,515 | 271,663 | 14,852 | 13.2 | 41% |
| 2014 | 354,406 | 301,289 | 53,117 | 13.9 | 42% |
| 2015 | 321,389 | 338,565 | −17,176 | 12.0 | 39% |
| 2016 | 337,982 | 324,536 | 13,446 | 13.5 | 40% |
| 2017 | 320,012 | 319,012 | 1,000 | 13.7 | 37% |
| 2018 | 389,788 | 388,343 | 1,445 | 11.3 | 34% |
| 2020 | 238,673 | 372,321 | −133,648 | 7.3 | 55% |
| 2021 | 181,010 | 264,328 | −83,318 | 6.6 | 47% |
| 2022 | 199,700 | 256,071 | −56,371 | 4.2 | 51% |
| 2023 | 82,201 | 192,674 | −110,473 | -1.3 | 35% |
| 2024 | 226,665 | 191,052 | 35,613 | 0.9 | 47% |
In its most recent public year (2024), this organization brought in $35,613 more than it spent. Its reserves stood at about 0.9 months of spending, down from 10.4 in 2012. Staff pay was 47% of spending.
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 2024. 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
Michigan Festivals & Events Foundation's IRS filings as a feed — one entry per filing year, through 2024. 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