Salem Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 380,577 | 482,888 | −102,311 | 81.1 | 12% |
| 2022 | 459,739 | 453,322 | 6,417 | 75.8 | 13% |
| 2023 | 367,694 | 406,801 | −39,107 | 86.8 | 16% |
| 2024 | 473,931 | 454,555 | 19,376 | 87.2 | 14% |
In its most recent public year (2024), this organization brought in $19,376 more than it spent. Its reserves stood at about 87.2 months of spending, up from 81.1 in 2021. Staff pay was 14% of spending. $1,425,627 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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