Monterey Bay Economic Partnership Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 361,033 | 244,778 | 116,255 | 5.7 | 57% |
| 2016 | 732,011 | 580,652 | 151,359 | 6.2 | 44% |
| 2017 | 1,683,985 | 757,090 | 926,895 | 19.4 | 36% |
| 2018 | 1,663,667 | 949,575 | 714,092 | 24.5 | 48% |
| 2019 | 1,038,798 | 1,201,259 | −162,461 | 17.7 | 63% |
| 2020 | 1,699,465 | 1,681,774 | 17,691 | 12.8 | 48% |
| 2021 | 1,192,893 | 1,194,659 | −1,766 | 18.0 | 67% |
| 2022 | 1,642,440 | 1,083,298 | 559,142 | 26.0 | 71% |
| 2023 | 1,501,172 | 1,297,668 | 203,504 | 23.6 | 52% |
In its most recent public year (2023), this organization brought in $203,504 more than it spent. Its reserves stood at about 23.6 months of spending, up from 5.7 in 2015. Staff pay was 52% of spending. $428,201 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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