Manitowoc Area Visitor & Convention Bureau Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 516,877 | 515,755 | 1,122 | 8.5 | 33% |
| 2021 | 699,627 | 506,495 | 193,132 | 13.2 | 37% |
| 2022 | 354,681 | 409,960 | −55,279 | 14.7 | 28% |
| 2023 | 18,950 | 338,885 | −319,935 | 6.5 | 16% |
In its most recent public year (2023), this organization spent $319,935 more than it brought in. Its reserves stood at about 6.5 months of spending, down from 8.5 in 2020. Staff pay was 16% 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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