Elgin Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 914,695 | 705,157 | 209,538 | 196.7 | 0% |
| 2022 | 1,433,134 | 1,038,167 | 394,967 | 124.3 | 0% |
| 2023 | 912,000 | 940,959 | −28,959 | 150.0 | 0% |
In its most recent public year (2023), this organization spent $28,959 more than it brought in. Its reserves stood at about 150 months of spending, down from 196.7 in 2021. Staff pay was 0% of spending. $10,058,306 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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