Virginia Foundation For Community College Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 4,028,883 | 3,754,282 | 274,601 | 18.1 | 0% |
| 2013 | 2,105,485 | 1,648,798 | 456,687 | 45.0 | 0% |
| 2014 | 4,152,767 | 1,920,473 | 2,232,294 | 57.8 | 4% |
| 2015 | 3,763,298 | 2,434,765 | 1,328,533 | 46.8 | 27% |
| 2016 | 2,987,074 | 2,514,484 | 472,590 | 48.9 | 8% |
| 2017 | 4,567,771 | 3,572,044 | 995,727 | 40.1 | 13% |
| 2018 | 5,853,534 | 3,745,456 | 2,108,078 | 45.7 | 13% |
| 2019 | 4,487,197 | 3,330,669 | 1,156,528 | 54.1 | 18% |
| 2020 | 3,326,675 | 4,514,848 | −1,188,173 | 36.3 | 14% |
| 2021 | 3,150,403 | 3,960,877 | −810,474 | 42.2 | 17% |
| 2022 | 5,888,244 | 3,788,599 | 2,099,645 | 43.8 | 18% |
| 2023 | 5,006,881 | 4,811,518 | 195,363 | 37.0 | 15% |
In its most recent public year (2023), this organization brought in $195,363 more than it spent. Its reserves stood at about 37 months of spending, up from 18.1 in 2012. Staff pay was 15% of spending. $10,802,777 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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