Central Minnesota Arts Board
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 759,078 | 754,973 | 4,105 | 2.1 | 16% |
| 2012 | 772,578 | 724,755 | 47,823 | 3.0 | 16% |
| 2013 | 828,337 | 858,297 | −29,960 | 2.1 | 14% |
| 2014 | 874,075 | 849,168 | 24,907 | 2.5 | 18% |
| 2015 | 877,580 | 917,589 | −40,009 | 1.8 | 20% |
| 2016 | 884,043 | 885,319 | −1,276 | 1.8 | 22% |
| 2017 | 972,741 | 942,465 | 30,276 | 2.1 | 22% |
| 2018 | 910,288 | 940,487 | −30,199 | 1.7 | 22% |
| 2019 | 1,005,078 | 985,226 | 19,852 | 1.9 | 22% |
| 2020 | 1,012,128 | 987,373 | 24,755 | 2.2 | 23% |
| 2021 | 1,092,080 | 932,477 | 159,603 | 4.4 | 25% |
| 2022 | 1,088,614 | 1,207,854 | −119,240 | 2.2 | 20% |
| 2023 | 1,128,681 | 1,173,664 | −44,983 | 1.8 | 22% |
In its most recent public year (2023), this organization spent $44,983 more than it brought in. Its reserves stood at about 1.8 months of spending. Staff pay was 22% 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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