The Reagan Educational Center Timberwolves Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 104,778 | 115,395 | −10,617 | 6.2 | 38% |
| 2012 | 103,140 | 122,370 | −19,230 | 4.0 | 36% |
| 2013 | 102,003 | 132,013 | −30,010 | 1.0 | 35% |
| 2014 | 131,121 | 115,051 | 16,070 | 2.8 | 43% |
| 2015 | 151,581 | 93,451 | 58,130 | 10.9 | 58% |
| 2016 | 133,480 | 118,719 | 14,761 | 10.1 | 46% |
| 2017 | 109,442 | 145,160 | −35,718 | 5.3 | 44% |
| 2018 | 77,579 | 119,792 | −42,213 | 2.2 | 53% |
| 2019 | 119,776 | 47,025 | 72,751 | 24.1 | 98% |
| 2020 | 0 | 0 | 0 | — | — |
| 2021 | −177,210 | 26,506 | −203,716 | -150.6 | 94% |
| 2022 | −175,984 | 27,435 | −203,419 | -234.7 | 100% |
| 2023 | −28,053 | 704 | −28,757 | -9501.2 | 0% |
In its most recent public year (2023), this organization spent $28,757 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9501.2 months), down from 6.2 in 2011. 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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