Grand Forks Region Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | −2,744,715 | 735,517 | −3,480,232 | 13.3 | 63% |
| 2012 | 815,696 | 780,197 | 35,499 | 13.1 | 63% |
| 2013 | 835,834 | 749,787 | 86,047 | 14.6 | 66% |
| 2014 | 872,019 | 831,035 | 40,984 | 13.8 | 66% |
| 2015 | 924,422 | 801,413 | 123,009 | 16.1 | 68% |
| 2016 | 879,125 | 851,624 | 27,501 | 11.6 | 66% |
| 2017 | 914,400 | 851,198 | 63,202 | 12.5 | 60% |
| 2018 | 977,626 | 824,438 | 153,188 | 15.1 | 56% |
| 2019 | 908,233 | 919,843 | −11,610 | 13.4 | 52% |
| 2020 | 981,429 | 860,329 | 121,100 | 16.0 | 54% |
| 2021 | 963,329 | 1,213,197 | −249,868 | 8.9 | 44% |
| 2022 | 1,009,895 | 954,368 | 55,527 | 12.0 | 55% |
| 2023 | 1,073,194 | 1,073,146 | 48 | 10.7 | 59% |
In its most recent public year (2023), this organization brought in $48 more than it spent. Its reserves stood at about 10.7 months of spending, down from 13.3 in 2011. Staff pay was 59% of spending. $229,450 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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