Illinois Fire Chiefs Association Educational & Research Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 295,394 | 313,136 | −17,742 | 29.1 | 21% |
| 2021 | 351,648 | 316,255 | 35,393 | 30.0 | 24% |
| 2022 | 390,046 | 299,368 | 90,678 | 34.8 | 23% |
| 2023 | 612,368 | 495,149 | 117,219 | 20.0 | 17% |
In its most recent public year (2023), this organization brought in $117,219 more than it spent. Its reserves stood at about 20 months of spending, down from 29.1 in 2020. Staff pay was 17% of spending. $7,500 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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