Minnesota State College Southeast Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,392,160 | 520,774 | 871,386 | 118.0 | 0% |
| 2022 | 907,363 | 951,322 | −43,959 | 56.0 | 0% |
| 2023 | 496,497 | 553,132 | −56,635 | 104.5 | 0% |
| 2024 | 3,367,984 | 1,332,610 | 2,035,374 | 63.8 | 0% |
In its most recent public year (2024), this organization brought in $2,035,374 more than it spent. Its reserves stood at about 63.8 months of spending, down from 118 in 2021. Staff pay was 0% of spending. $5,867,515 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 2024. 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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