South Eastern Economic Dev Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,364,806 | 1,825,979 | 538,827 | 70.8 | 14% |
| 2020 | 1,955,386 | 1,809,568 | 145,818 | 72.4 | 67% |
| 2021 | 7,426,368 | 1,930,069 | 5,496,299 | 102.0 | 68% |
| 2022 | 3,149,450 | 2,274,791 | 874,659 | 91.2 | 65% |
| 2023 | 4,796,656 | 2,466,355 | 2,330,301 | 95.4 | 71% |
In its most recent public year (2023), this organization brought in $2,330,301 more than it spent. Its reserves stood at about 95.4 months of spending, up from 70.8 in 2019. Staff pay was 71% of spending. $14,508,545 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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