Newman Foundation At The University Of Illinois
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 8,617,684 | 8,325,683 | 292,001 | 15.9 | 17% |
| 2013 | 7,453,389 | 7,835,754 | −382,365 | 17.5 | 18% |
| 2014 | 7,740,621 | 8,100,201 | −359,580 | 18.3 | 17% |
| 2015 | 7,700,348 | 7,450,894 | 249,454 | 20.8 | 8% |
| 2016 | 7,929,910 | 7,650,584 | 279,326 | 19.9 | 7% |
| 2017 | 7,733,893 | 7,473,447 | 260,446 | 22.5 | 8% |
| 2018 | 9,328,115 | 6,537,640 | 2,790,475 | 33.8 | 8% |
| 2019 | 9,017,535 | 6,377,440 | 2,640,095 | 36.5 | 9% |
| 2020 | 6,615,751 | 5,578,457 | 1,037,294 | 41.2 | 10% |
| 2021 | 8,303,987 | 5,545,769 | 2,758,218 | 54.1 | 11% |
| 2022 | 9,311,134 | 6,298,813 | 3,012,321 | 51.2 | 10% |
| 2023 | 8,605,648 | 7,271,642 | 1,334,006 | 48.7 | 7% |
In its most recent public year (2023), this organization brought in $1,334,006 more than it spent. Its reserves stood at about 48.7 months of spending, up from 15.9 in 2012. Staff pay was 7% 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
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