Grand Forks Foundation For Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 231,060 | 197,587 | 33,473 | 118.7 | 32% |
| 2012 | 292,877 | 285,317 | 7,560 | 81.4 | 24% |
| 2013 | 207,183 | 188,962 | 18,221 | 127.4 | 29% |
| 2014 | 333,931 | 227,309 | 106,622 | 116.9 | 27% |
| 2015 | 330,248 | 238,819 | 91,429 | 113.4 | 29% |
| 2016 | 363,899 | 264,869 | 99,030 | 104.4 | 26% |
| 2017 | 431,403 | 373,442 | 57,961 | 79.1 | 19% |
| 2018 | 518,266 | 389,946 | 128,320 | 78.3 | 18% |
| 2019 | 689,524 | 368,597 | 320,927 | 92.4 | 19% |
| 2020 | 717,533 | 509,359 | 208,174 | 73.2 | 14% |
| 2021 | 828,032 | 436,701 | 391,331 | 105.4 | 14% |
| 2022 | 11,148,846 | 475,072 | 10,673,774 | 356.2 | 12% |
| 2023 | 428,726 | 1,508,090 | −1,079,364 | 105.9 | 5% |
In its most recent public year (2023), this organization spent $1,079,364 more than it brought in. Its reserves stood at about 105.9 months of spending, down from 118.7 in 2011. Staff pay was 5% of spending. $13,055,061 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
Grand Forks Foundation For Education Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works