H B Fuller Company Welfare Benefits Trust - Veba
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,093,139 | 2,852,226 | 240,913 | 458.7 | 0% |
| 2021 | 2,443,870 | 2,866,848 | −422,978 | 568.0 | 0% |
| 2022 | 3,688,672 | 2,566,059 | 1,122,613 | 564.8 | 0% |
| 2023 | 2,040,070 | 2,690,368 | −650,298 | 595.2 | 0% |
In its most recent public year (2023), this organization spent $650,298 more than it brought in. Its reserves stood at about 595.2 months of spending, up from 458.7 in 2020. 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
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