Ontonagon Area Scholarship Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 214,327 | 31,259 | 183,068 | 663.5 | 0% |
| 2022 | 116,411 | 28,715 | 87,696 | 664.5 | 0% |
| 2023 | 43,904 | 28,758 | 15,146 | 660.4 | 0% |
| 2024 | 240,077 | 44,007 | 196,070 | 480.1 | 0% |
In its most recent public year (2024), this organization brought in $196,070 more than it spent. Its reserves stood at about 480.1 months of spending, down from 663.5 in 2021. 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 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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