Lake Superior Community Partnership Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 55,099 | 49,391 | 5,708 | 8.2 | 0% |
| 2021 | 64,525 | 32,651 | 31,874 | 24.2 | 0% |
| 2022 | 41,877 | 33,915 | 7,962 | 26.1 | 0% |
| 2023 | 157,791 | 127,568 | 30,223 | 9.8 | 0% |
In its most recent public year (2023), this organization brought in $30,223 more than it spent. Its reserves stood at about 9.8 months of spending, up from 8.2 in 2020. Staff pay was 0% 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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