Devin Lomax Bolkcom Smith Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 92,044 | 59,444 | 32,600 | 95.0 | 0% |
| 2021 | 123,251 | 60,125 | 63,126 | 106.5 | 0% |
| 2022 | 234,048 | 124,965 | 109,083 | 61.7 | 0% |
| 2023 | 137,966 | 90,923 | 47,043 | 91.1 | 0% |
In its most recent public year (2023), this organization brought in $47,043 more than it spent. Its reserves stood at about 91.1 months of spending, down from 95 in 2020. 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 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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