Minnesota School Boards Association Insurance Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,189,915 | 14,157,692 | −8,967,777 | 18.9 | 0% |
| 2012 | 6,190,546 | 2,226,395 | 3,964,151 | 146.1 | 0% |
| 2013 | 6,356,005 | 2,121,252 | 4,234,753 | 173.1 | 0% |
| 2014 | 1,623,135 | 3,351,361 | −1,728,226 | 102.1 | 0% |
| 2015 | 1,677,212 | 2,048,171 | −370,959 | 162.2 | 0% |
| 2016 | 816,009 | 16,266,101 | −15,450,092 | 9.2 | 0% |
| 2017 | 796,701 | 1,339,570 | −542,869 | 106.4 | 0% |
| 2018 | 2,263,425 | 989,886 | 1,273,539 | 155.8 | 0% |
| 2019 | 2,634,473 | 708,502 | 1,925,971 | 256.8 | 0% |
| 2020 | 1,870,512 | 839,068 | 1,031,444 | 235.1 | 0% |
| 2021 | 2,057,996 | 914,838 | 1,143,158 | 227.1 | 0% |
| 2022 | 10,766,782 | 958,914 | 9,807,868 | 331.6 | 0% |
| 2023 | 3,096,426 | 903,563 | 2,192,863 | 382.4 | 0% |
In its most recent public year (2023), this organization brought in $2,192,863 more than it spent. Its reserves stood at about 382.4 months of spending, up from 18.9 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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