Rockford Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 207,364 | 103,814 | 103,550 | 86.6 | 0% |
| 2012 | 94,659 | 113,048 | −18,389 | 77.6 | 0% |
| 2013 | 175,143 | 120,854 | 54,289 | 78.0 | 0% |
| 2014 | 259,646 | 98,385 | 161,261 | 108.7 | 0% |
| 2015 | 206,171 | 128,872 | 77,299 | 88.1 | 0% |
| 2016 | 154,488 | 144,378 | 10,110 | 77.7 | 0% |
| 2017 | 154,448 | 210,795 | −56,347 | 53.5 | 0% |
| 2018 | 164,739 | 271,020 | −106,281 | 38.3 | 0% |
| 2019 | 178,536 | 291,998 | −113,462 | 31.7 | 0% |
| 2020 | 174,630 | 239,049 | −64,419 | 36.1 | 40% |
| 2021 | 243,445 | 223,994 | 19,451 | 45.3 | 40% |
| 2022 | 260,835 | 283,949 | −23,114 | 30.0 | 32% |
| 2023 | 294,328 | 314,686 | −20,358 | 27.9 | 31% |
In its most recent public year (2023), this organization spent $20,358 more than it brought in. Its reserves stood at about 27.9 months of spending, down from 86.6 in 2011. Staff pay was 31% of spending. $1,858 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 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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