Hibbing College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 76,500 | 35,408 | 41,092 | 305.3 | 0% |
| 2012 | 150,994 | 42,991 | 108,003 | 270.6 | 0% |
| 2013 | 59,180 | 51,697 | 7,483 | 241.5 | 0% |
| 2014 | 372,878 | 91,789 | 281,089 | 179.1 | 0% |
| 2015 | 98,626 | 69,130 | 29,496 | 237.4 | 0% |
| 2016 | 67,977 | 91,368 | −23,391 | 165.9 | 0% |
| 2017 | 148,514 | 84,395 | 64,119 | 198.3 | 0% |
| 2018 | 127,618 | 86,404 | 41,214 | 207.2 | 0% |
| 2019 | 148,695 | 103,052 | 45,643 | 179.0 | 0% |
| 2020 | 108,095 | 145,953 | −37,858 | 121.3 | 0% |
| 2021 | 312,364 | 172,857 | 139,507 | 120.6 | 0% |
| 2022 | 193,368 | 209,668 | −16,300 | 82.1 | 0% |
| 2023 | 92,891 | 97,832 | −4,941 | 205.0 | 0% |
| 2024 | 131,127 | 136,942 | −5,815 | 155.9 | 0% |
In its most recent public year (2024), this organization spent $5,815 more than it brought in. Its reserves stood at about 155.9 months of spending, down from 305.3 in 2011. Staff pay was 0% of spending. $1,337,386 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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