Local 707 Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,353 | 25,415 | −3,062 | 168.7 | — |
| 2012 | 23,121 | 24,475 | −1,354 | 174.5 | — |
| 2013 | 18,848 | 22,500 | −3,652 | 187.9 | — |
| 2014 | 19,457 | 17,813 | 1,644 | 238.4 | — |
| 2015 | 18,817 | 19,688 | −871 | 215.2 | — |
| 2016 | 16,303 | 26,250 | −9,947 | 156.9 | — |
| 2017 | 8,734 | 20,625 | −11,891 | 192.7 | — |
| 2018 | 3,710 | 20,625 | −16,915 | 182.9 | — |
| 2019 | 6,581 | 20,625 | −14,044 | 174.7 | — |
| 2020 | −8,399 | 19,688 | −28,087 | 165.9 | — |
In its most recent public year (2020), this organization spent $28,087 more than it brought in. Its reserves stood at about 165.9 months of spending, down from 168.7 in 2011.
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 2020. 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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