Michael J Connell Memorial Fund Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 785,749 | 990,767 | −205,018 | 188.4 | 5% |
| 2012 | 968,930 | 927,121 | 41,809 | 201.9 | 5% |
| 2013 | 1,134,862 | 965,090 | 169,772 | 196.0 | 5% |
| 2014 | 928,698 | 998,073 | −69,375 | 188.7 | 5% |
| 2015 | 1,270,859 | 1,095,832 | 175,027 | 173.8 | 5% |
| 2016 | 1,063,179 | 991,395 | 71,784 | 193.0 | 5% |
| 2017 | 471,462 | 1,028,690 | −557,228 | 179.5 | 5% |
| 2018 | 1,328,319 | 1,048,844 | 279,475 | 179.2 | 5% |
| 2019 | 704,992 | 983,935 | −278,943 | 187.7 | 5% |
| 2020 | 639,270 | 1,059,084 | −419,814 | 169.6 | 5% |
| 2021 | 1,508,950 | 1,080,008 | 428,942 | 171.1 | 5% |
| 2022 | 808,622 | 1,111,654 | −303,032 | 162.9 | 4% |
| 2023 | 557,951 | 8,191,385 | −7,633,434 | 10.9 | 1% |
In its most recent public year (2023), this organization spent $7,633,434 more than it brought in. Its reserves stood at about 10.9 months of spending, down from 188.4 in 2011. Staff pay was 1% 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
Michael J Connell Memorial Fund Trust's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works