Somerset County Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 36,599 | 35,451 | 1,148 | 7.6 | — |
| 2012 | 35,341 | 42,208 | −6,867 | 4.4 | — |
| 2013 | 67,443 | 17,279 | 50,164 | 45.6 | — |
| 2014 | 58,263 | 38,229 | 20,034 | 26.9 | — |
| 2015 | 39,847 | 47,121 | −7,274 | 20.0 | — |
| 2019 | 36,258 | 48,420 | −12,162 | 12.5 | — |
| 2020 | 23,609 | 20,610 | 2,999 | 31.0 | — |
| 2021 | 36,366 | 13,623 | 22,743 | 66.9 | — |
| 2022 | 45,752 | 40,659 | 5,093 | 23.9 | — |
| 2023 | 41,384 | 47,580 | −6,196 | 18.9 | — |
In its most recent public year (2023), this organization spent $6,196 more than it brought in. Its reserves stood at about 18.9 months of spending, up from 7.6 in 2011.
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
Somerset County Foundation Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works