Massasoit Community College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 647,895 | 440,553 | 207,342 | 70.6 | 0% |
| 2022 | 580,357 | 1,086,554 | −506,197 | 21.5 | 0% |
| 2023 | 359,213 | 259,373 | 99,840 | 99.0 | 0% |
In its most recent public year (2023), this organization brought in $99,840 more than it spent. Its reserves stood at about 99 months of spending, up from 70.6 in 2021. Staff pay was 0% of spending. $1,178,878 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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