Newport News Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 148,425 | 40,049 | 108,376 | 107.7 | 0% |
| 2022 | 99,106 | 255,081 | −155,975 | 9.6 | 0% |
| 2023 | 56,337 | 40,086 | 16,251 | 65.8 | 0% |
| 2024 | 37,188 | 46,881 | −9,693 | 53.8 | 0% |
In its most recent public year (2024), this organization spent $9,693 more than it brought in. Its reserves stood at about 53.8 months of spending, down from 107.7 in 2021. 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 2024. 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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