Foundation For Duplin County Industrial And Business Developmen
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 85,066 | 82,235 | 2,831 | 2.2 | — |
| 2023 | 96,269 | 156,204 | −59,935 | -3.0 | — |
| 2024 | 299,681 | 300,766 | −1,085 | -1.6 | 0% |
In its most recent public year (2024), this organization spent $1,085 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.6 months), down from 2.2 in 2015. Staff pay was 0% of spending.
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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