Errol D Butt Memorial Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 29,824 | 28,966 | 858 | 24.7 | 0% |
| 2021 | 22,519 | 27,570 | −5,051 | 24.6 | 0% |
| 2022 | 32,563 | 32,648 | −85 | 20.8 | 0% |
| 2023 | 36,241 | 28,554 | 7,687 | 27.0 | 0% |
In its most recent public year (2023), this organization brought in $7,687 more than it spent. Its reserves stood at about 27 months of spending, up from 24.7 in 2020. Staff pay was 0% of spending.
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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