Minerva Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 63,860 | 62,675 | 1,185 | 40.1 | — |
| 2012 | 67,274 | 78,748 | −11,474 | 30.1 | — |
| 2013 | 71,500 | 55,366 | 16,134 | 63.8 | — |
| 2014 | 83,818 | 67,941 | 15,877 | 62.7 | — |
| 2015 | 129,848 | 66,891 | 62,957 | 75.0 | — |
| 2016 | 161,287 | 91,633 | 69,654 | 65.2 | 0% |
| 2018 | 79,095 | 129,904 | −50,809 | 45.0 | — |
| 2019 | 200,021 | 213,131 | −13,110 | 21.9 | 0% |
In its most recent public year (2019), this organization spent $13,110 more than it brought in. Its reserves stood at about 21.9 months of spending, down from 40.1 in 2011. Staff pay was 0% of spending. $109,933 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 2019. 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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