Minnesota Education Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,041,933 | 187,147 | 854,786 | 347.7 | 0% |
| 2011 | 722,484 | 352,352 | 370,132 | 196.0 | 0% |
| 2012 | 1,731,675 | 565,786 | 1,165,889 | 149.0 | 0% |
| 2013 | 463,223 | 933,143 | −469,920 | 88.0 | 0% |
| 2014 | 602,800 | 843,453 | −240,653 | 94.0 | 0% |
| 2015 | 2,480,560 | 1,060,017 | 1,420,543 | 89.9 | 5% |
| 2016 | 5,649,694 | 2,455,497 | 3,194,197 | 54.4 | 3% |
| 2017 | 2,082,120 | 2,460,370 | −378,250 | 53.8 | 3% |
| 2018 | 2,030,158 | 1,842,429 | 187,729 | 72.1 | 4% |
| 2019 | 1,151,945 | 1,415,451 | −263,506 | 92.3 | 5% |
| 2020 | 1,192,968 | 848,716 | 344,252 | 165.6 | 9% |
| 2021 | 1,363,771 | 1,423,401 | −59,630 | 103.4 | 5% |
| 2022 | 1,981,861 | 2,363,615 | −381,754 | 56.4 | 0% |
In its most recent public year (2022), this organization spent $381,754 more than it brought in. Its reserves stood at about 56.4 months of spending, down from 347.7 in 2010. 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 2022. 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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