Boone County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 332,623 | 296,777 | 35,846 | 15.7 | 62% |
| 2015 | 401,410 | 357,302 | 44,108 | 14.5 | 52% |
| 2016 | 489,239 | 389,297 | 99,942 | 16.4 | 56% |
| 2017 | 477,376 | 422,548 | 54,828 | 16.7 | 58% |
| 2018 | 492,529 | 545,289 | −52,760 | 11.7 | 54% |
| 2019 | 514,579 | 535,686 | −21,107 | 11.3 | 49% |
| 2020 | 580,267 | 413,473 | 166,794 | 19.4 | 61% |
| 2021 | 534,614 | 545,013 | −10,399 | 14.5 | 49% |
| 2022 | 732,600 | 578,389 | 154,211 | 16.9 | 49% |
| 2023 | 612,591 | 526,020 | 86,571 | 20.5 | 51% |
In its most recent public year (2023), this organization brought in $86,571 more than it spent. Its reserves stood at about 20.5 months of spending, up from 15.7 in 2014. Staff pay was 51% of spending. $343,100 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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