Norfolk State University Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,118,703 | 2,491,090 | −372,387 | 110.6 | 0% |
| 2012 | 1,754,672 | 2,027,226 | −272,554 | 132.8 | 0% |
| 2013 | 2,151,231 | 2,576,292 | −425,061 | 113.7 | 2% |
| 2014 | 2,170,278 | 2,047,949 | 122,329 | 164.5 | 2% |
| 2015 | 2,941,989 | 2,957,649 | −15,660 | 115.5 | 6% |
| 2016 | 2,728,719 | 2,939,905 | −211,186 | 120.1 | 6% |
| 2017 | 4,800,095 | 3,415,140 | 1,384,955 | 121.2 | 2% |
| 2018 | 5,215,617 | 3,050,775 | 2,164,842 | 136.6 | 9% |
| 2019 | 4,354,230 | 4,031,751 | 322,479 | 121.7 | 6% |
| 2020 | 46,443,476 | 3,017,960 | 43,425,516 | 348.5 | 8% |
| 2021 | 9,651,381 | 3,680,399 | 5,970,982 | 339.0 | 6% |
| 2022 | 8,996,683 | 4,031,735 | 4,964,948 | 291.8 | 5% |
| 2023 | 7,829,626 | 6,593,800 | 1,235,826 | 198.8 | 11% |
In its most recent public year (2023), this organization brought in $1,235,826 more than it spent. Its reserves stood at about 198.8 months of spending, up from 110.6 in 2011. Staff pay was 11% of spending. $64,400,128 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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