Michigan Education Excellence Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,736,991 | 563,168 | 1,173,823 | 25.0 | 0% |
| 2012 | 17,820,569 | 13,395,880 | 4,424,689 | 5.0 | 0% |
| 2013 | 13,174,060 | 13,249,947 | −75,887 | 4.2 | 0% |
| 2014 | 7,732,871 | 5,979,897 | 1,752,974 | 11.2 | 0% |
| 2015 | 1,509,934 | 4,967,065 | −3,457,131 | 4.4 | 0% |
| 2016 | 2,178,558 | 1,684,524 | 494,034 | 10.0 | 0% |
| 2017 | 1,814,584 | 2,865,419 | −1,050,835 | 1.5 | 0% |
| 2018 | 3,237,068 | 2,319,358 | 917,710 | 6.6 | 0% |
| 2019 | 2,045,060 | 1,523,419 | 521,641 | 14.2 | 0% |
| 2020 | 649,074 | 1,983,469 | −1,334,395 | 2.8 | 0% |
| 2021 | 242,013 | 648,128 | −406,115 | 1.0 | 0% |
| 2022 | 100,025 | 135,087 | −35,062 | 1.9 | 0% |
| 2023 | 349,837 | 642,558 | −292,721 | -5.1 | 0% |
In its most recent public year (2023), this organization spent $292,721 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.1 months), down from 25 in 2011. Staff pay was 0% of spending. $305,000 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
Michigan Education Excellence Foundation'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