Minot State University Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 7,678,265 | 2,368,146 | 5,310,119 | 209.7 | 21% |
| 2022 | 11,663,994 | 2,806,889 | 8,857,105 | 183.0 | 18% |
| 2023 | 5,304,845 | 3,230,752 | 2,074,093 | 175.7 | 16% |
In its most recent public year (2023), this organization brought in $2,074,093 more than it spent. Its reserves stood at about 175.7 months of spending, down from 209.7 in 2021. Staff pay was 16% of spending. $36,542,415 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 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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