Nellie Mae Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 13,725,485 | 29,304,784 | −15,579,299 | 203.1 | 14% |
| 2020 | 28,672,878 | 43,160,448 | −14,487,570 | 141.8 | 9% |
| 2021 | 94,584,276 | 23,289,401 | 71,294,875 | 292.8 | 19% |
| 2022 | 23,248,571 | 26,327,764 | −3,079,193 | 213.8 | 15% |
| 2023 | 21,415,739 | 23,090,325 | −1,674,586 | 263.9 | 16% |
In its most recent public year (2023), this organization spent $1,674,586 more than it brought in. Its reserves stood at about 263.9 months of spending, up from 203.1 in 2019. Staff pay was 16% 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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