Somerset Community College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 27,503 | 20,157 | 7,346 | 261.7 | — |
| 2012 | 20,206 | 17,268 | 2,938 | 307.5 | — |
| 2013 | 329,944 | 17,821 | 312,123 | 508.1 | 0% |
| 2014 | 307,635 | 41,308 | 266,327 | 296.6 | 0% |
| 2015 | 185,428 | 410,091 | −224,663 | 23.3 | 0% |
| 2016 | 109,441 | 51,938 | 57,503 | 197.3 | 0% |
| 2017 | 76,986 | 146,266 | −69,280 | 64.4 | 0% |
| 2018 | 107,149 | 41,639 | 65,510 | 245.0 | 0% |
| 2019 | 101,782 | 40,697 | 61,085 | 268.6 | 0% |
| 2020 | 322,261 | 224,504 | 97,757 | 53.9 | 0% |
| 2021 | 120,129 | 210,388 | −90,259 | 52.4 | 0% |
| 2022 | 358,169 | 261,870 | 96,299 | 46.5 | 0% |
| 2023 | 329,399 | 459,704 | −130,305 | 23.1 | 0% |
| 2024 | 443,892 | 339,010 | 104,882 | 35.0 | 0% |
In its most recent public year (2024), this organization brought in $104,882 more than it spent. Its reserves stood at about 35 months of spending, down from 261.7 in 2011. Staff pay was 0% of spending. $814,074 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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