Norfolk Tourism Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 55,569 | 61,618 | −6,049 | 12.7 | — |
| 2012 | 60,828 | 62,673 | −1,845 | 12.1 | — |
| 2013 | 62,538 | 51,475 | 11,063 | 17.3 | — |
| 2014 | 105,384 | 39,549 | 65,835 | 42.5 | — |
| 2015 | 58,103 | 37,680 | 20,423 | 63.8 | — |
| 2016 | 106,885 | 40,509 | 66,376 | 79.0 | — |
| 2017 | 59,508 | 71,306 | −11,798 | 42.9 | — |
| 2018 | 54,203 | 113,272 | −59,069 | 20.8 | — |
| 2019 | 43,888 | 110,676 | −66,788 | 14.0 | — |
| 2020 | 20,704 | 42,964 | −22,260 | 29.9 | — |
| 2021 | 30,425 | 25,988 | 4,437 | 51.4 | — |
| 2022 | 42,308 | 71,425 | −29,117 | 13.8 | — |
| 2023 | 46,205 | 75,268 | −29,063 | 8.5 | — |
In its most recent public year (2023), this organization spent $29,063 more than it brought in. Its reserves stood at about 8.5 months of spending, down from 12.7 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 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
Norfolk Tourism Foundation'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