Somerset County Business Partnership Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 379,925 | 395,954 | −16,029 | 4.6 | 40% |
| 2012 | 453,389 | 561,066 | −107,677 | 1.0 | 41% |
| 2013 | 554,373 | 608,460 | −54,087 | -0.2 | 34% |
| 2014 | 454,239 | 468,984 | −14,745 | -0.6 | 40% |
| 2015 | 373,914 | 471,122 | −97,208 | -3.1 | 38% |
| 2016 | 472,262 | 479,245 | −6,983 | -3.2 | 35% |
| 2017 | 495,717 | 481,763 | 13,954 | -2.8 | 35% |
| 2018 | 471,762 | 497,870 | −26,108 | -3.4 | 32% |
| 2019 | 425,557 | 440,828 | −15,271 | -4.2 | 29% |
| 2020 | 517,038 | 456,627 | 60,411 | -2.5 | 33% |
| 2021 | 492,922 | 523,157 | −30,235 | -2.8 | 30% |
| 2022 | 959,404 | 1,084,871 | −125,467 | -2.8 | 16% |
| 2023 | 920,296 | 917,612 | 2,684 | -3.2 | 20% |
In its most recent public year (2023), this organization brought in $2,684 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3.2 months), down from 4.6 in 2011. Staff pay was 20% 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
Somerset County Business Partnership 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