Bac Adc Of New Jersey Apprentice Training & Educational Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 583,551 | 470,092 | 113,459 | 83.1 | 29% |
| 2021 | 637,313 | 569,051 | 68,262 | 69.9 | 25% |
| 2022 | 518,724 | 601,140 | −82,416 | 62.5 | 26% |
| 2023 | 721,853 | 560,187 | 161,666 | 70.5 | 23% |
In its most recent public year (2023), this organization brought in $161,666 more than it spent. Its reserves stood at about 70.5 months of spending, down from 83.1 in 2020. Staff pay was 23% 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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