Morgan Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,100,377 | 219,262 | 1,881,115 | 234.4 | 0% |
| 2012 | 506,135 | 322,451 | 183,684 | 171.1 | 0% |
| 2013 | 767,766 | 460,881 | 306,885 | 132.9 | 0% |
| 2014 | 693,921 | 401,825 | 292,096 | 161.8 | 0% |
| 2015 | 344,937 | 571,961 | −227,024 | 107.8 | 0% |
| 2016 | 479,300 | 446,380 | 32,920 | 143.4 | 0% |
| 2017 | 842,339 | 563,226 | 279,113 | 131.7 | 7% |
| 2018 | 1,823,497 | 683,733 | 1,139,764 | 118.0 | 6% |
| 2019 | 1,884,543 | 895,833 | 988,710 | 116.1 | 3% |
| 2020 | 1,098,502 | 1,189,550 | −91,048 | 94.7 | 4% |
| 2021 | 1,725,250 | 1,234,538 | 490,712 | 101.9 | 0% |
| 2022 | 1,654,850 | 1,016,412 | 638,438 | 111.0 | 0% |
| 2023 | 3,510,737 | 636,432 | 2,874,305 | 250.1 | 0% |
In its most recent public year (2023), this organization brought in $2,874,305 more than it spent. Its reserves stood at about 250.1 months of spending, up from 234.4 in 2011. Staff pay was 0% of spending. $12,212,689 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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