Novi Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 80,085 | 52,186 | 27,899 | 152.1 | 0% |
| 2012 | 80,188 | 91,684 | −11,496 | 81.7 | 0% |
| 2013 | 104,345 | 106,113 | −1,768 | 74.2 | 0% |
| 2014 | 120,071 | 114,939 | 5,132 | 73.0 | 0% |
| 2015 | 165,599 | 96,183 | 69,416 | 86.2 | 0% |
| 2016 | 109,801 | 91,208 | 18,593 | 86.6 | 0% |
| 2017 | 95,147 | 136,417 | −41,270 | 60.3 | 24% |
| 2018 | 122,041 | 114,821 | 7,220 | 73.0 | 52% |
| 2019 | 185,645 | 135,329 | 50,316 | 66.4 | 45% |
| 2020 | 344,287 | 189,671 | 154,616 | 57.2 | 30% |
| 2021 | 188,982 | 113,537 | 75,445 | 97.4 | 49% |
| 2022 | 413,315 | 366,981 | 46,334 | 30.9 | 15% |
| 2023 | 102,153 | 148,452 | −46,299 | 77.7 | 0% |
In its most recent public year (2023), this organization spent $46,299 more than it brought in. Its reserves stood at about 77.7 months of spending, down from 152.1 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
Novi Educational Foundation'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