New Ulm Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 97,822 | 123,652 | −25,830 | 194.1 | 57% |
| 2012 | 92,488 | 128,370 | −35,882 | 183.6 | 56% |
| 2013 | 95,594 | 125,842 | −30,248 | 184.4 | 59% |
| 2014 | 99,763 | 121,284 | −21,521 | 189.2 | 62% |
| 2015 | 102,519 | 123,227 | −20,708 | 184.2 | 62% |
| 2016 | 114,124 | 125,098 | −10,974 | 183.1 | 62% |
| 2017 | 125,380 | 125,866 | −486 | 185.1 | 63% |
| 2018 | 41,896 | 85,548 | −43,652 | 259.7 | 57% |
| 2019 | 37,651 | 26,172 | 11,479 | 885.9 | 0% |
| 2020 | 69,955 | 89,180 | −19,225 | 245.3 | 0% |
| 2021 | −5,845 | 764,735 | −770,580 | 16.5 | 0% |
| 2022 | −38,317 | 87,315 | −125,632 | 127.3 | 46% |
| 2023 | −32,356 | 38,391 | −70,747 | 261.3 | 0% |
In its most recent public year (2023), this organization spent $70,747 more than it brought in. Its reserves stood at about 261.3 months of spending, up from 194.1 in 2011. Staff pay was 0% of spending.
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
New Ulm Economic 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