Herman Foundation Of Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 405,279 | 319,577 | 85,702 | 6.8 | 0% |
| 2016 | 232,075 | 363,929 | −131,854 | 1.6 | 0% |
| 2017 | 203,249 | 212,700 | −9,451 | 2.3 | 0% |
| 2018 | 124,404 | 123,379 | 1,025 | 4.1 | — |
| 2019 | 17,318 | 14,450 | 2,868 | 36.7 | — |
| 2022 | 44,848 | 41,825 | 3,023 | 14.9 | — |
In its most recent public year (2022), this organization brought in $3,023 more than it spent. Its reserves stood at about 14.9 months of spending, up from 6.8 in 2015.
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 2022. 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
Herman Foundation Of Minnesota's IRS filings as a feed — one entry per filing year, through 2022. 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