Salem State University Alumni Association And Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,732,036 | 3,019,972 | 712,064 | 160.6 | 0% |
| 2021 | 13,334,644 | 3,362,968 | 9,971,676 | 197.7 | 0% |
| 2022 | 9,786,265 | 5,834,074 | 3,952,191 | 101.3 | 0% |
| 2023 | 16,047,693 | 7,818,430 | 8,229,263 | 95.2 | 0% |
In its most recent public year (2023), this organization brought in $8,229,263 more than it spent. Its reserves stood at about 95.2 months of spending, down from 160.6 in 2020. Staff pay was 0% of spending. $58,962,163 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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