Mankato Area Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 404,851 | 224,829 | 180,022 | 156.3 | 22% |
| 2012 | 740,079 | 321,048 | 419,031 | 120.9 | 20% |
| 2013 | 1,250,796 | 318,633 | 932,163 | 164.7 | 22% |
| 2014 | 425,068 | 927,947 | −502,879 | 54.1 | 8% |
| 2015 | 7,596,674 | 709,569 | 6,887,105 | 173.7 | 13% |
| 2016 | 1,240,714 | 895,586 | 345,128 | 138.3 | 14% |
| 2017 | 1,459,251 | 1,042,904 | 416,347 | 130.6 | 15% |
| 2018 | 2,396,337 | 1,258,309 | 1,138,028 | 121.2 | 18% |
| 2019 | 4,942,734 | 1,648,705 | 3,294,029 | 124.0 | 19% |
| 2020 | 3,839,123 | 2,102,071 | 1,737,052 | 108.4 | 16% |
| 2021 | 3,879,054 | 2,713,026 | 1,166,028 | 104.4 | 14% |
| 2022 | 6,256,215 | 3,308,376 | 2,947,839 | 83.4 | 13% |
| 2023 | 5,788,794 | 4,419,357 | 1,369,437 | 70.4 | 11% |
In its most recent public year (2023), this organization brought in $1,369,437 more than it spent. Its reserves stood at about 70.4 months of spending, down from 156.3 in 2011. Staff pay was 11% of spending. $2,605,038 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
Mankato Area Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works