Minnesota Laborers-Employers Cooperation & Education Trust Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 567,247 | 662,898 | −95,651 | 16.9 | 13% |
| 2012 | 630,603 | 668,811 | −38,208 | 16.0 | 13% |
| 2013 | 695,839 | 690,725 | 5,114 | 15.6 | 13% |
| 2014 | 760,145 | 767,108 | −6,963 | 13.9 | 12% |
| 2015 | 1,043,488 | 817,777 | 225,711 | 16.4 | 12% |
| 2016 | 1,143,320 | 963,931 | 179,389 | 16.1 | 10% |
| 2017 | 1,116,341 | 1,055,826 | 60,515 | 15.4 | 9% |
| 2018 | 1,112,644 | 1,156,436 | −43,792 | 13.6 | 9% |
| 2019 | 1,240,110 | 1,185,158 | 54,952 | 13.9 | 9% |
| 2020 | 1,077,681 | 1,143,089 | −65,408 | 13.7 | 10% |
| 2021 | 1,301,340 | 1,112,165 | 189,175 | 16.1 | 11% |
| 2022 | 1,189,484 | 1,399,193 | −209,709 | 11.0 | 9% |
| 2023 | 1,180,537 | 1,346,984 | −166,447 | 9.9 | 9% |
In its most recent public year (2023), this organization spent $166,447 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 16.9 in 2011. Staff pay was 9% 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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