Mackinac Island Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 757,761 | 314,493 | 443,268 | 232.8 | 14% |
| 2012 | 1,150,392 | 312,724 | 837,668 | 266.2 | 12% |
| 2013 | 1,871,230 | 339,622 | 1,531,608 | 295.2 | 13% |
| 2014 | 2,135,805 | 544,724 | 1,591,081 | 219.1 | 9% |
| 2015 | 398,177 | 457,569 | −59,392 | 259.2 | 12% |
| 2016 | 557,229 | 410,543 | 146,686 | 293.2 | 4% |
| 2017 | 2,344,011 | 553,044 | 1,790,967 | 256.5 | 9% |
| 2018 | 665,350 | 870,847 | −205,497 | 160.1 | 8% |
| 2019 | 1,142,510 | 528,906 | 613,604 | 324.6 | 15% |
| 2020 | 459,795 | 738,464 | −278,669 | 273.6 | 11% |
| 2021 | 1,750,042 | 1,231,406 | 518,636 | 187.2 | 7% |
| 2022 | 447,282 | 898,393 | −451,111 | 198.6 | 12% |
| 2023 | 1,966,056 | 1,029,408 | 936,648 | 210.5 | 11% |
In its most recent public year (2023), this organization brought in $936,648 more than it spent. Its reserves stood at about 210.5 months of spending, down from 232.8 in 2011. Staff pay was 11% 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 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
Mackinac Island Community 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