Frostburg State University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,700,141 | 2,297,064 | 403,077 | 86.7 | 4% |
| 2013 | 3,097,630 | 2,182,826 | 914,804 | 97.2 | 4% |
| 2014 | 3,941,102 | 2,230,880 | 1,710,222 | 106.7 | 4% |
| 2015 | 3,075,164 | 2,440,750 | 634,414 | 101.3 | 4% |
| 2016 | 5,422,678 | 2,477,941 | 2,944,737 | 109.8 | 4% |
| 2017 | 4,374,007 | 2,486,679 | 1,887,328 | 121.9 | 4% |
| 2018 | 3,389,684 | 2,325,929 | 1,063,755 | 141.2 | 4% |
| 2019 | 4,729,795 | 2,514,518 | 2,215,277 | 143.6 | 4% |
| 2020 | 3,716,008 | 2,404,114 | 1,311,894 | 149.3 | 5% |
| 2021 | 4,899,555 | 2,041,759 | 2,857,796 | 227.5 | 5% |
| 2022 | 7,754,148 | 2,492,349 | 5,261,799 | 197.9 | 5% |
| 2023 | 4,127,244 | 3,861,874 | 265,370 | 132.1 | 3% |
| 2024 | 6,673,393 | 3,887,342 | 2,786,051 | 144.8 | 3% |
In its most recent public year (2024), this organization brought in $2,786,051 more than it spent. Its reserves stood at about 144.8 months of spending, up from 86.7 in 2012. Staff pay was 3% of spending. $43,311,799 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 2024. 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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