Illinois Thoroughbred Breeders And Owners Fdn
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 60,473 | 58,521 | 1,952 | 22.9 | 18% |
| 2021 | 76,403 | 70,759 | 5,644 | 19.9 | 17% |
| 2022 | 71,734 | 47,448 | 24,286 | 35.8 | 0% |
| 2023 | 66,166 | 9,016 | 57,150 | 264.6 | 0% |
In its most recent public year (2023), this organization brought in $57,150 more than it spent. Its reserves stood at about 264.6 months of spending, up from 22.9 in 2020. 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
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