South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 435,045 | 415,220 | 19,825 | 12.7 | 33% |
| 2012 | 495,870 | 449,459 | 46,411 | 13.0 | 31% |
| 2013 | 431,155 | 449,921 | −18,766 | 12.5 | 33% |
| 2014 | 522,672 | 503,550 | 19,122 | 12.4 | 30% |
| 2015 | 766,444 | 621,720 | 144,724 | 12.8 | 37% |
| 2016 | 879,497 | 666,424 | 213,073 | 15.6 | 37% |
| 2017 | 990,506 | 736,166 | 254,340 | 18.4 | 38% |
| 2018 | 913,291 | 814,656 | 98,635 | 17.8 | 42% |
| 2019 | 1,011,443 | 930,424 | 81,019 | 16.8 | 49% |
| 2020 | 1,075,584 | 1,015,451 | 60,133 | 15.9 | 50% |
| 2021 | 939,162 | 961,336 | −22,174 | 17.0 | 54% |
| 2022 | 1,078,051 | 1,030,832 | 47,219 | 15.0 | 53% |
| 2023 | 1,088,402 | 1,140,090 | −51,688 | 12.9 | 50% |
In its most recent public year (2023), this organization spent $51,688 more than it brought in. Its reserves stood at about 12.9 months of spending. Staff pay was 50% 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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