Michigan Education Association Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 94,967 | 49,174 | 45,793 | 268.9 | 0% |
| 2012 | 56,269 | 53,436 | 2,833 | 263.3 | 0% |
| 2013 | 79,599 | 61,347 | 18,252 | 241.7 | 0% |
| 2014 | 126,645 | 65,561 | 61,084 | 254.1 | 0% |
| 2015 | 157,410 | 60,049 | 97,361 | 270.3 | 0% |
| 2016 | 35,548 | 47,145 | −11,597 | 358.7 | 0% |
| 2017 | 111,713 | 64,389 | 47,324 | 278.2 | 0% |
| 2018 | 269,743 | 64,905 | 204,838 | 292.1 | 0% |
| 2019 | 56,769 | 71,871 | −15,102 | 266.3 | 0% |
| 2020 | 62,073 | 72,175 | −10,102 | 286.9 | 0% |
| 2021 | 131,270 | 73,626 | 57,644 | 318.7 | 0% |
| 2022 | 93,200 | 76,349 | 16,851 | 261.5 | 0% |
| 2023 | 119,542 | 65,791 | 53,751 | 323.6 | 0% |
In its most recent public year (2023), this organization brought in $53,751 more than it spent. Its reserves stood at about 323.6 months of spending, up from 268.9 in 2011. Staff pay was 0% of spending. $969,319 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
Michigan Education Association Scholarship Fund'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