Kennebec Valley Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 274,203 | 273,489 | 714 | 139.1 | 0% |
| 2013 | 879,602 | 253,997 | 625,605 | 163.1 | 0% |
| 2014 | 475,474 | 288,812 | 186,662 | 161.9 | 0% |
| 2015 | 660,216 | 371,148 | 289,068 | 133.0 | 0% |
| 2016 | 461,320 | 699,373 | −238,053 | 69.0 | 9% |
| 2017 | 357,019 | 364,767 | −7,748 | 137.4 | 21% |
| 2018 | 1,046,178 | 354,470 | 691,708 | 145.3 | 23% |
| 2019 | 501,436 | 395,706 | 105,730 | 135.0 | 21% |
| 2020 | 339,411 | 431,519 | −92,108 | 117.3 | 16% |
| 2021 | 579,733 | 351,631 | 228,102 | 182.8 | 18% |
| 2022 | 699,650 | 309,644 | 390,006 | 214.5 | 26% |
| 2023 | 534,504 | 399,851 | 134,653 | 165.9 | 15% |
In its most recent public year (2023), this organization brought in $134,653 more than it spent. Its reserves stood at about 165.9 months of spending, up from 139.1 in 2012. Staff pay was 15% of spending. $5,362,326 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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