Norfolk State University Research And Innovation Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,744,091 | 4,698,410 | 45,681 | -8.9 | 0% |
| 2012 | 4,641,075 | 4,821,775 | −180,700 | -12.0 | 0% |
| 2013 | 4,624,730 | 4,851,440 | −226,710 | -9.6 | 0% |
| 2014 | 4,426,834 | 5,057,393 | −630,559 | -9.4 | 0% |
| 2015 | 4,437,691 | 5,334,548 | −896,857 | -8.7 | 0% |
| 2016 | 4,903,049 | 5,143,557 | −240,508 | -8.8 | 0% |
| 2017 | 4,875,903 | 5,195,857 | −319,954 | -8.5 | 0% |
| 2018 | 6,972,370 | 5,282,752 | 1,689,618 | -5.8 | 0% |
| 2019 | 5,676,477 | 5,279,315 | 397,162 | -6.9 | 6% |
| 2020 | 5,728,415 | 5,268,378 | 460,037 | -6.9 | 9% |
| 2021 | 5,605,532 | 5,347,288 | 258,244 | -4.4 | 9% |
| 2022 | 5,808,933 | 5,408,267 | 400,666 | -0.6 | 9% |
| 2023 | 6,046,806 | 5,797,625 | 249,181 | 2.4 | 8% |
In its most recent public year (2023), this organization brought in $249,181 more than it spent. Its reserves stood at about 2.4 months of spending, up from -8.9 in 2011. Staff pay was 8% of spending. $495,726 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
Norfolk State University Research And Innovation 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