Operating record

Wake Technical Community College Foundation Inc

Raleigh, NC · EIN 23-7017752 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$4,575,609$2,144,183$2,431,426112.43%
2021$5,200,249$1,810,528$3,389,721170.67%
2022$5,743,743$2,826,779$2,916,964105.29%
2023$4,659,073$3,281,389$1,377,684101.512%

In its most recent public year (2023), this organization brought in $1,377,684 more than it spent. Its reserves stood at about 101.5 months of spending, down from 112.4 in 2020. Staff pay was 12% of spending. $21,929,314 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 ↗