Great Lakes Maritime Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | −1,114 | −1,364 | 250 | -51.0 | — |
| 2013 | −2,492 | 0 | −2,492 | — | — |
| 2014 | 4,630 | 600 | 4,030 | 125.4 | — |
| 2015 | 3,215 | 272 | 2,943 | 693.8 | — |
| 2016 | 1,644 | 191 | 1,453 | 1079.3 | — |
| 2017 | −4,030 | 390 | −4,420 | 373.7 | — |
| 2019 | 1,510 | 3,960 | −2,450 | 22.9 | — |
| 2020 | 2,878 | 9,786 | −6,908 | 4.8 | — |
| 2021 | 10,890 | 4,445 | 6,445 | 19.0 | — |
In its most recent public year (2021), this organization brought in $6,445 more than it spent. Its reserves stood at about 19 months of spending, up from -51 in 2012.
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 2021. 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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