Virginia Beach Parks And Recreation Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 61,584 | 54,258 | 7,326 | 14.4 | — |
| 2012 | 28,498 | 38,343 | −9,845 | 17.2 | — |
| 2013 | 32,044 | 17,486 | 14,558 | 45.8 | — |
| 2014 | 50,996 | 41,860 | 9,136 | 21.8 | — |
| 2015 | 75,651 | 58,994 | 16,657 | 17.3 | — |
| 2016 | 59,488 | 33,101 | 26,387 | 40.5 | — |
| 2021 | 64,299 | 12,581 | 51,718 | 208.0 | — |
| 2022 | 85,993 | 54,656 | 31,337 | 54.8 | — |
| 2023 | 255,172 | 65,258 | 189,914 | 81.1 | 0% |
In its most recent public year (2023), this organization brought in $189,914 more than it spent. Its reserves stood at about 81.1 months of spending, up from 14.4 in 2011. Staff pay was 0% of spending. $387,989 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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