Lake Vermilion Cultural Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 27,591 | 4,791 | 22,800 | 147.3 | — |
| 2013 | 31,365 | 51,404 | −20,039 | 15.4 | — |
| 2014 | 27,671 | 27,843 | −172 | 28.3 | — |
| 2015 | 163,230 | 163,623 | −393 | 4.8 | — |
| 2016 | 268,950 | 32,875 | 236,075 | 108.0 | 0% |
| 2017 | 101,126 | 37,092 | 64,034 | 116.4 | 0% |
| 2019 | 98,955 | 38,424 | 60,531 | 131.3 | 0% |
| 2020 | 148,704 | 23,696 | 125,008 | 276.2 | 0% |
| 2021 | 87,315 | 52,537 | 34,778 | 132.5 | 1% |
| 2023 | 61,922 | 70,820 | −8,898 | 96.8 | 16% |
In its most recent public year (2023), this organization spent $8,898 more than it brought in. Its reserves stood at about 96.8 months of spending, down from 147.3 in 2012. Staff pay was 16% 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
Lake Vermilion Cultural Center'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