Brunswick Novant Medical Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 622,533 | 214,935 | 407,598 | 88.5 | 0% |
| 2021 | 3,472,957 | 229,319 | 3,243,638 | 621.3 | 0% |
| 2022 | 7,463,649 | 767,048 | 6,696,601 | 178.2 | 0% |
| 2023 | 139,045 | 297,288 | −158,243 | 459.1 | 0% |
In its most recent public year (2023), this organization spent $158,243 more than it brought in. Its reserves stood at about 459.1 months of spending, up from 88.5 in 2020. Staff pay was 0% of spending. $10,743,674 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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