Salem Rotary Club Vance M Smith Iii Scholarship Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 37,396 | 11,499 | 25,897 | 475.3 | 0% |
| 2013 | 44,658 | 128 | 44,530 | 47204.4 | 0% |
| 2014 | 56,185 | 37,015 | 19,170 | 173.1 | 0% |
| 2015 | 30,290 | 31,697 | −1,407 | 220.7 | 0% |
| 2016 | 42,056 | 20,534 | 21,522 | 353.2 | 0% |
| 2017 | 148,780 | 21,906 | 126,874 | 400.6 | 0% |
| 2019 | 138,030 | 26,651 | 111,379 | 390.8 | 0% |
| 2020 | 62,188 | 454 | 61,734 | 24574.1 | 0% |
| 2021 | 291,015 | 33,135 | 257,880 | 430.1 | 0% |
| 2022 | 74,177 | 225,522 | −151,345 | 55.1 | 0% |
| 2023 | 126,356 | 36,763 | 89,593 | 367.5 | 0% |
In its most recent public year (2023), this organization brought in $89,593 more than it spent. Its reserves stood at about 367.5 months of spending, down from 475.3 in 2012. 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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