The Schenectady Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,747,216 | 866,767 | 880,449 | 249.3 | 4% |
| 2012 | 1,306,788 | 1,217,918 | 88,870 | 178.5 | 4% |
| 2013 | 1,212,735 | 1,014,679 | 198,056 | 216.6 | 4% |
| 2014 | 1,485,892 | 981,942 | 503,950 | 181.1 | 4% |
| 2015 | 1,088,637 | 1,663,043 | −574,406 | 102.8 | 5% |
| 2016 | 1,327,445 | 1,922,589 | −595,144 | 85.2 | 4% |
| 2017 | 3,227,784 | 1,457,009 | 1,770,775 | 315.7 | 0% |
| 2018 | 1,913,729 | 1,687,104 | 226,625 | 255.7 | 0% |
| 2019 | 2,031,752 | 1,303,873 | 727,879 | 391.9 | 0% |
| 2020 | 2,292,776 | 1,812,211 | 480,565 | 318.2 | 0% |
| 2021 | 5,442,270 | 2,348,958 | 3,093,312 | 276.0 | 0% |
| 2022 | 1,792,002 | 2,418,619 | −626,617 | 218.0 | 0% |
| 2023 | 2,957,210 | 2,240,624 | 716,586 | 266.1 | 0% |
In its most recent public year (2023), this organization brought in $716,586 more than it spent. Its reserves stood at about 266.1 months of spending, up from 249.3 in 2011. Staff pay was 0% of spending. $7,120,790 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
The Schenectady 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