Minnesota Marine Art Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 2,551,297 | 777,242 | 1,774,055 | 303.6 | 24% |
| 2011 | 400,099 | 808,469 | −408,370 | 274.2 | 24% |
| 2012 | 1,856,139 | 809,481 | 1,046,658 | 286.2 | 24% |
| 2013 | 987,351 | 867,613 | 119,738 | 269.7 | 24% |
| 2014 | 2,809,667 | 1,000,893 | 1,808,774 | 256.5 | 23% |
| 2015 | 533,885 | 951,282 | −417,397 | 266.3 | 26% |
| 2016 | 541,634 | 945,141 | −403,507 | 265.2 | 27% |
| 2017 | 715,677 | 1,015,764 | −300,087 | 239.9 | 30% |
| 2018 | 6,769,402 | 1,439,264 | 5,330,138 | 212.5 | 24% |
| 2019 | 1,166,118 | 1,292,547 | −126,429 | 247.7 | 34% |
| 2020 | 837,188 | 1,232,665 | −395,477 | 260.8 | 35% |
| 2021 | 1,574,755 | 1,213,478 | 361,277 | 280.3 | 34% |
| 2022 | 1,341,091 | 1,589,720 | −248,629 | 200.6 | 36% |
| 2023 | 1,597,780 | 2,230,671 | −632,891 | 141.9 | 32% |
In its most recent public year (2023), this organization spent $632,891 more than it brought in. Its reserves stood at about 141.9 months of spending, down from 303.6 in 2010. Staff pay was 32% of spending. $10,514,279 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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