Midwest Foundaton For Higher Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 846,491 | 354,349 | 492,142 | 297.4 | 0% |
| 2012 | 609,676 | 314,796 | 294,880 | 353.3 | 0% |
| 2013 | 644,172 | 323,130 | 321,042 | 367.9 | 0% |
| 2014 | 1,050,389 | 365,560 | 684,829 | 357.9 | 0% |
| 2015 | 391,816 | 420,851 | −29,035 | 314.2 | 0% |
| 2016 | 566,265 | 407,092 | 159,173 | 313.5 | 0% |
| 2017 | 738,860 | 499,212 | 239,648 | 275.5 | 0% |
| 2018 | 1,189,675 | 478,144 | 711,531 | 303.7 | 0% |
| 2019 | 902,262 | 493,962 | 408,300 | 301.7 | 0% |
| 2020 | 1,565,848 | 516,367 | 1,049,481 | 312.8 | 0% |
| 2021 | 935,129 | 520,902 | 414,227 | 400.1 | 0% |
| 2022 | 3,425,264 | 725,483 | 2,699,781 | 260.3 | 0% |
| 2023 | 520,580 | 630,985 | −110,405 | 297.3 | 0% |
In its most recent public year (2023), this organization spent $110,405 more than it brought in. Its reserves stood at about 297.3 months of spending. Staff pay was 0% of spending. $15,631,866 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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