California Emerging Technology Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 253,401 | 7,893,942 | −7,640,541 | 61.6 | 23% |
| 2022 | 1,248,904 | 9,584,902 | −8,335,998 | 40.3 | 20% |
| 2023 | 3,574,011 | 9,491,888 | −5,917,877 | 33.2 | 23% |
| 2024 | 2,662,388 | 10,591,270 | −7,928,882 | 20.8 | 22% |
In its most recent public year (2024), this organization spent $7,928,882 more than it brought in. Its reserves stood at about 20.8 months of spending, down from 61.6 in 2021. Staff pay was 22% of spending. $81,526 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 2024. 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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