Minnesota Chamber Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 422,943 | 496,353 | −73,410 | 9.8 | 19% |
| 2012 | 350,857 | 440,595 | −89,738 | 8.6 | 18% |
| 2013 | 460,753 | 450,276 | 10,477 | 8.7 | 13% |
| 2014 | 272,712 | 209,262 | 63,450 | 22.3 | 36% |
| 2015 | 297,052 | 339,120 | −42,068 | 12.3 | 42% |
| 2016 | 617,962 | 401,775 | 216,187 | 16.8 | 30% |
| 2017 | 346,012 | 482,901 | −136,889 | 10.6 | 36% |
| 2018 | 1,103,143 | 1,033,913 | 69,230 | 5.8 | 31% |
| 2019 | 1,523,847 | 1,550,897 | −27,050 | 3.6 | 34% |
| 2020 | 1,052,369 | 897,735 | 154,634 | 8.3 | 32% |
| 2021 | 942,056 | 951,012 | −8,956 | 7.8 | 23% |
| 2022 | 930,141 | 957,574 | −27,433 | 7.4 | 33% |
| 2023 | 1,220,735 | 1,069,695 | 151,040 | 8.3 | 36% |
In its most recent public year (2023), this organization brought in $151,040 more than it spent. Its reserves stood at about 8.3 months of spending, down from 9.8 in 2011. Staff pay was 36% of spending. $875,098 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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