Northern Maine Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,563,320 | 2,229,071 | −665,751 | 29.9 | 0% |
| 2022 | 599,029 | 1,429,073 | −830,044 | 35.0 | 0% |
| 2023 | 542,691 | 709,669 | −166,978 | 71.4 | 0% |
| 2024 | 5,560,243 | 1,260,946 | 4,299,297 | 82.3 | 0% |
In its most recent public year (2024), this organization brought in $4,299,297 more than it spent. Its reserves stood at about 82.3 months of spending, up from 29.9 in 2021. Staff pay was 0% of spending. $8,400,679 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 2024. 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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