Brainerd Lakes Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 291,642 | 276,560 | 15,082 | 23.8 | 56% |
| 2012 | 299,101 | 301,630 | −2,529 | 21.7 | 60% |
| 2013 | 298,659 | 291,980 | 6,679 | 22.7 | 62% |
| 2014 | 302,822 | 319,547 | −16,725 | 20.1 | 60% |
| 2015 | 341,149 | 351,845 | −10,696 | 17.9 | 58% |
| 2016 | 393,587 | 343,636 | 49,951 | 20.1 | 57% |
| 2017 | 470,247 | 454,702 | 15,545 | 44.7 | 60% |
| 2018 | 464,136 | 488,910 | −24,774 | 50.5 | 64% |
| 2019 | 474,219 | 526,355 | −52,136 | 47.0 | 65% |
| 2020 | 633,672 | 456,138 | 177,534 | 60.2 | 66% |
| 2021 | 474,971 | 490,519 | −15,548 | 56.5 | 62% |
| 2022 | 593,859 | 538,034 | 55,825 | 52.7 | 63% |
| 2023 | 535,355 | 584,919 | −49,564 | 47.5 | 58% |
In its most recent public year (2023), this organization spent $49,564 more than it brought in. Its reserves stood at about 47.5 months of spending, up from 23.8 in 2011. Staff pay was 58% of spending. $1,646,969 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
Brainerd Lakes Area Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. 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