Minnesota Golf Association Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 38,916 | 52,731 | −13,815 | 64.8 | — |
| 2012 | 46,856 | 62,413 | −15,557 | 51.8 | — |
| 2013 | 35,226 | 70,714 | −35,488 | 39.7 | — |
| 2014 | 33,410 | 60,082 | −26,672 | 41.3 | — |
| 2015 | 45,272 | 63,705 | −18,433 | 35.5 | — |
| 2016 | 35,938 | 57,841 | −21,903 | 34.5 | — |
| 2017 | 15,833 | 56,823 | −40,990 | 26.5 | — |
| 2018 | 32,576 | 48,432 | −15,856 | 27.0 | — |
| 2019 | 23,627 | 44,999 | −21,372 | 23.5 | — |
| 2020 | 566,638 | 441,240 | 125,398 | 5.8 | 0% |
| 2021 | 584,788 | 392,293 | 192,495 | 12.4 | 0% |
| 2022 | 534,691 | 382,658 | 152,033 | 17.5 | 0% |
| 2023 | 771,965 | 527,088 | 244,877 | 18.3 | 0% |
In its most recent public year (2023), this organization brought in $244,877 more than it spent. Its reserves stood at about 18.3 months of spending, down from 64.8 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
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