Bays De Noc Convention & Visitors Bureau
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 128,666 | 126,107 | 2,559 | 9.8 | 33% |
| 2012 | 125,324 | 154,278 | −28,954 | 5.4 | 29% |
| 2013 | 317,118 | 167,841 | 149,277 | 15.7 | 30% |
| 2014 | 340,781 | 279,949 | 60,832 | 12.0 | 5% |
| 2015 | 360,591 | 279,758 | 80,833 | 15.5 | 0% |
| 2016 | 354,844 | 410,053 | −55,209 | 8.9 | 0% |
| 2017 | 428,561 | 261,315 | 167,246 | 21.7 | 0% |
| 2018 | 450,143 | 327,655 | 122,488 | 20.7 | 19% |
| 2019 | 446,674 | 410,655 | 36,019 | 17.6 | 21% |
| 2020 | 327,690 | 358,248 | −30,558 | 19.1 | 26% |
| 2021 | 543,066 | 437,496 | 105,570 | 18.6 | 24% |
| 2022 | 612,164 | 576,255 | 35,909 | 14.8 | 22% |
| 2023 | 1,192,008 | 1,938,685 | −746,677 | -0.2 | 7% |
In its most recent public year (2023), this organization spent $746,677 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), down from 9.8 in 2011. Staff pay was 7% 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
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