Kean University Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,663,955 | 3,740,473 | 2,923,482 | 79.0 | 0% |
| 2012 | 4,483,879 | 3,245,650 | 1,238,229 | 95.6 | 0% |
| 2013 | 6,351,844 | 2,735,793 | 3,616,051 | 129.3 | 0% |
| 2014 | 7,709,307 | 3,940,113 | 3,769,194 | 101.3 | 0% |
| 2015 | 5,732,337 | 4,368,740 | 1,363,597 | 95.1 | 0% |
| 2016 | 5,344,532 | 4,636,720 | 707,812 | 91.4 | 0% |
| 2017 | 8,892,491 | 4,095,102 | 4,797,389 | 117.6 | 0% |
| 2018 | 6,486,331 | 6,336,117 | 150,214 | 75.8 | 0% |
| 2019 | 10,649,734 | 2,558,101 | 8,091,633 | 227.2 | 27% |
| 2020 | 39,897,638 | 3,208,004 | 36,689,634 | 319.8 | 28% |
| 2021 | 7,620,099 | 4,331,281 | 3,288,818 | 284.3 | 20% |
| 2022 | 11,069,195 | 5,192,029 | 5,877,166 | 218.8 | 16% |
| 2023 | 10,085,812 | 8,433,241 | 1,652,571 | 143.5 | 15% |
In its most recent public year (2023), this organization brought in $1,652,571 more than it spent. Its reserves stood at about 143.5 months of spending, up from 79 in 2011. Staff pay was 15% of spending. $93,854,028 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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