Southern Maine Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 643,426 | 210,532 | 432,894 | 182.8 | 0% |
| 2022 | 1,245,786 | 398,332 | 847,454 | 110.9 | 0% |
| 2023 | 2,066,673 | 530,500 | 1,536,173 | 120.7 | 0% |
In its most recent public year (2023), this organization brought in $1,536,173 more than it spent. Its reserves stood at about 120.7 months of spending, down from 182.8 in 2021. Staff pay was 0% of spending. $4,931,810 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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