New Ulm Area Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 435,839 | 98,094 | 337,745 | 54.2 | 14% |
| 2021 | 534,371 | 170,772 | 363,599 | 57.9 | 10% |
| 2022 | 2,407,935 | 195,668 | 2,212,267 | 165.6 | 10% |
| 2023 | 315,039 | 261,238 | 53,801 | 142.9 | 7% |
In its most recent public year (2023), this organization brought in $53,801 more than it spent. Its reserves stood at about 142.9 months of spending, up from 54.2 in 2020. Staff pay was 7% 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
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