Devils Lake Area Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,420,262 | 208,165 | 1,212,097 | 261.1 | 16% |
| 2012 | 572,537 | 220,163 | 352,374 | 234.0 | 18% |
| 2013 | 395,942 | 181,711 | 214,231 | 294.1 | 26% |
| 2014 | 421,810 | 445,237 | −23,427 | 117.7 | 12% |
| 2015 | 429,218 | 195,169 | 234,049 | 277.7 | 27% |
| 2016 | 348,834 | 194,985 | 153,849 | 283.3 | 27% |
| 2017 | 516,880 | 210,268 | 306,612 | 274.0 | 27% |
| 2018 | 545,715 | 233,585 | 312,130 | 254.9 | 26% |
| 2019 | 497,316 | 226,933 | 270,383 | 273.0 | 27% |
| 2021 | 546,247 | 159,494 | 386,753 | 575.6 | 34% |
| 2022 | 381,678 | 174,653 | 207,025 | 478.6 | 31% |
| 2023 | 327,747 | 238,247 | 89,500 | 354.5 | 0% |
In its most recent public year (2023), this organization brought in $89,500 more than it spent. Its reserves stood at about 354.5 months of spending, up from 261.1 in 2011. Staff pay was 0% of spending. $4,866,904 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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