Hospitality Minnesota Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 177,603 | 121,963 | 55,640 | 11.5 | — |
| 2013 | 190,295 | 138,964 | 51,331 | 14.6 | — |
| 2014 | 196,338 | 134,483 | 61,855 | 20.6 | — |
| 2015 | 218,870 | 187,356 | 31,514 | 16.8 | 0% |
| 2016 | 187,150 | 178,354 | 8,796 | 18.2 | 0% |
| 2017 | 262,058 | 229,774 | 32,284 | 15.8 | 0% |
| 2018 | 196,126 | 240,234 | −44,108 | 12.9 | 0% |
| 2019 | 234,612 | 240,698 | −6,086 | 12.6 | 0% |
| 2020 | 220,555 | 210,768 | 9,787 | 15.0 | 0% |
| 2021 | 130,361 | 116,018 | 14,343 | 27.5 | 0% |
| 2022 | 395,604 | 306,138 | 89,466 | 13.9 | 0% |
| 2023 | 358,136 | 312,872 | 45,264 | 15.4 | 0% |
In its most recent public year (2023), this organization brought in $45,264 more than it spent. Its reserves stood at about 15.4 months of spending, up from 11.5 in 2012. Staff pay was 0% 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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