Faribault Area Training And Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 165,539 | 123,604 | 41,935 | 62.0 | 22% |
| 2012 | 877,438 | 143,527 | 733,911 | 115.0 | 21% |
| 2013 | 586,357 | 191,401 | 394,956 | 110.1 | 21% |
| 2014 | 210,264 | 152,016 | 58,248 | 158.4 | 27% |
| 2015 | 287,545 | 169,295 | 118,250 | 150.6 | 23% |
| 2016 | 227,356 | 213,643 | 13,713 | 119.2 | 19% |
| 2017 | 268,727 | 193,447 | 75,280 | 144.9 | 23% |
| 2018 | 400,851 | 283,667 | 117,184 | 107.2 | 16% |
| 2019 | 389,880 | 215,787 | 174,093 | 154.9 | 21% |
| 2020 | 604,290 | 247,347 | 356,943 | 139.7 | 17% |
| 2021 | 308,823 | 187,303 | 121,520 | 219.5 | 35% |
| 2022 | 166,269 | 203,320 | −37,051 | 184.5 | 35% |
| 2023 | 180,110 | 257,510 | −77,400 | 143.6 | 32% |
In its most recent public year (2023), this organization spent $77,400 more than it brought in. Its reserves stood at about 143.6 months of spending, up from 62 in 2011. Staff pay was 32% of spending. $1,261,380 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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