Lorain County Community College Innovation Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 500,000 | 0 | 500,000 | — | — |
| 2016 | 0 | 0 | 0 | — | — |
| 2017 | 0 | 2,944 | −2,944 | 2026.0 | — |
| 2019 | 0 | 6,732 | −6,732 | 826.6 | — |
| 2020 | 0 | 5,525 | −5,525 | 1035.1 | — |
| 2021 | 1,730 | 3,275 | −1,545 | 1837.5 | 0% |
| 2022 | 250,127 | 2,831 | 247,296 | 3292.4 | 0% |
| 2023 | 6,415 | 2,466 | 3,949 | 4042.1 | 0% |
In its most recent public year (2023), this organization brought in $3,949 more than it spent. Its reserves stood at about 4042.1 months of spending. 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
Lorain County Community College Innovation Foundation'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