Lakeland University Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 48,038,655 | 44,467,132 | 3,571,523 | 5.2 | 35% |
| 2012 | 44,195,237 | 45,338,843 | −1,143,606 | 4.9 | 36% |
| 2013 | 44,752,852 | 45,846,871 | −1,094,019 | 4.6 | 36% |
| 2014 | 50,606,718 | 50,599,524 | 7,194 | 4.1 | 34% |
| 2015 | 51,245,640 | 48,917,524 | 2,328,116 | 4.8 | 37% |
| 2016 | 49,439,379 | 45,541,429 | 3,897,950 | 5.9 | 35% |
| 2017 | 50,966,649 | 45,502,415 | 5,464,234 | 7.6 | 31% |
| 2018 | 47,875,668 | 46,087,267 | 1,788,401 | 8.2 | 29% |
| 2019 | 53,628,434 | 49,509,099 | 4,119,335 | 8.8 | 28% |
| 2020 | 47,870,975 | 46,372,835 | 1,498,140 | 8.6 | 30% |
| 2021 | 50,178,084 | 51,020,874 | −842,790 | 8.0 | 31% |
| 2022 | 52,116,143 | 51,205,495 | 910,648 | 7.4 | 31% |
| 2023 | 43,481,920 | 51,036,052 | −7,554,132 | 5.8 | 31% |
In its most recent public year (2023), this organization spent $7,554,132 more than it brought in. Its reserves stood at about 5.8 months of spending. Staff pay was 31% of spending. $2,751,824 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
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