Monsignor Forbes Scholarship Fund Trust Agreement
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 198,065 | 132,700 | 65,365 | 21.0 | — |
| 2012 | 125,919 | 119,040 | 6,879 | 24.1 | — |
| 2013 | 126,039 | 123,400 | 2,639 | 23.5 | — |
| 2014 | 126,813 | 120,000 | 6,813 | 24.9 | — |
| 2015 | 92,724 | 127,150 | −34,426 | 20.2 | — |
| 2016 | 98,925 | 99,500 | −575 | 25.8 | — |
| 2017 | 106,655 | 94,400 | 12,255 | 28.7 | — |
| 2018 | 109,934 | 93,407 | 16,527 | 31.2 | — |
| 2019 | 119,506 | 97,700 | 21,806 | 32.5 | — |
| 2020 | 54,776 | 81,300 | −26,524 | 35.1 | — |
| 2021 | 104,664 | 104,730 | −66 | 27.2 | — |
| 2022 | 102,370 | 90,475 | 11,895 | 33.1 | — |
| 2023 | 99,369 | 92,425 | 6,944 | 33.3 | — |
In its most recent public year (2023), this organization brought in $6,944 more than it spent. Its reserves stood at about 33.3 months of spending, up from 21 in 2011.
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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