Foundation For Grossmont And Cuyamaca Colleges
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,980,287 | 7,516,778 | −536,491 | 0.7 | 72% |
| 2012 | 7,517,769 | 7,804,196 | −286,427 | 0.2 | 73% |
| 2013 | 6,683,133 | 6,519,291 | 163,842 | 0.6 | 57% |
| 2014 | 6,688,351 | 6,652,142 | 36,209 | 0.6 | 51% |
| 2015 | 8,167,036 | 7,210,177 | 956,859 | 2.2 | 37% |
| 2016 | 9,797,433 | 9,703,847 | 93,586 | 1.7 | 31% |
| 2017 | 21,885,436 | 16,196,291 | 5,689,145 | 5.2 | 23% |
| 2018 | 17,103,568 | 19,480,737 | −2,377,169 | 2.9 | 23% |
| 2019 | 24,587,027 | 24,637,310 | −50,283 | 0.6 | 20% |
| 2020 | 45,937,518 | 34,617,351 | 11,320,167 | 4.3 | 17% |
| 2021 | 41,260,868 | 37,312,490 | 3,948,378 | 6.8 | 15% |
| 2022 | 41,100,641 | 34,011,673 | 7,088,968 | 9.9 | 15% |
| 2023 | 44,643,552 | 39,809,258 | 4,834,294 | 10.0 | 14% |
In its most recent public year (2023), this organization brought in $4,834,294 more than it spent. Its reserves stood at about 10 months of spending, up from 0.7 in 2011. Staff pay was 14% of spending. $30,922,990 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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