The Black Excellence Awards- Louvenia Johnson Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 25,605 | 15,000 | 10,605 | 28.2 | — |
| 2017 | 39,766 | 19,734 | 20,032 | 25.1 | — |
| 2018 | 49,017 | 30,953 | 18,064 | 23.0 | — |
| 2019 | 33,938 | 32,330 | 1,608 | 22.6 | — |
| 2020 | −579 | 29,108 | −29,687 | 8.2 | — |
| 2021 | 30,692 | 29,426 | 1,266 | 8.6 | — |
| 2022 | 115,574 | 56,281 | 59,293 | 17.2 | — |
| 2023 | 76,233 | 115,854 | −39,621 | 4.2 | — |
In its most recent public year (2023), this organization spent $39,621 more than it brought in. Its reserves stood at about 4.2 months of spending, down from 28.2 in 2010.
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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