Greater Norfolk Economic Development Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 560,811 | 558,617 | 2,194 | 9.5 | 0% |
| 2012 | 206,875 | 194,617 | 12,258 | 28.1 | 0% |
| 2013 | 190,035 | 180,829 | 9,206 | 30.9 | 0% |
| 2014 | 266,368 | 288,337 | −21,969 | 18.5 | 0% |
| 2015 | 666,352 | 254,874 | 411,478 | 40.2 | 0% |
| 2016 | 390,719 | 225,877 | 164,842 | 54.2 | 0% |
| 2017 | 235,667 | 58,169 | 177,498 | 247.0 | 0% |
| 2018 | 196,011 | 46,893 | 149,118 | 344.5 | 0% |
| 2019 | 616,545 | 184,899 | 431,646 | 115.4 | 0% |
| 2020 | 952,985 | 591,594 | 361,391 | 43.4 | 0% |
| 2021 | 1,617,503 | 430,741 | 1,186,762 | 92.7 | 0% |
| 2022 | 800,725 | 2,185,125 | −1,384,400 | 10.7 | 0% |
| 2023 | 1,274,311 | 1,364,423 | −90,112 | 16.3 | 0% |
In its most recent public year (2023), this organization spent $90,112 more than it brought in. Its reserves stood at about 16.3 months of spending, up from 9.5 in 2011. 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
Greater Norfolk Economic Development Foundation Inc'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