East Grand Rapids Schools Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,019,735 | 779,889 | 239,846 | 42.2 | 8% |
| 2013 | 1,088,302 | 625,977 | 462,325 | 63.6 | 13% |
| 2014 | 605,207 | 495,792 | 109,415 | 90.3 | 18% |
| 2015 | 748,169 | 622,414 | 125,755 | 73.0 | 17% |
| 2016 | 918,107 | 823,152 | 94,955 | 55.3 | 15% |
| 2017 | 2,366,423 | 759,901 | 1,606,522 | 83.4 | 8% |
| 2018 | 3,472,831 | 867,170 | 2,605,661 | 107.5 | 8% |
| 2019 | 3,340,729 | 729,602 | 2,611,127 | 180.3 | 0% |
| 2020 | 820,286 | 572,123 | 248,163 | 241.7 | 15% |
| 2021 | 1,081,662 | 1,230,892 | −149,230 | 136.7 | 18% |
| 2022 | 1,160,600 | 857,702 | 302,898 | 176.5 | 31% |
| 2023 | 1,978,445 | 914,401 | 1,064,044 | 193.7 | 34% |
| 2024 | 1,715,905 | 1,076,774 | 639,131 | 182.0 | 35% |
In its most recent public year (2024), this organization brought in $639,131 more than it spent. Its reserves stood at about 182 months of spending, up from 42.2 in 2012. Staff pay was 35% of spending. $15,748,242 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 2024. 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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