Hillsboro Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 29,024 | 45,063 | −16,039 | 72.6 | 0% |
| 2011 | 66,491 | 60,224 | 6,267 | 52.2 | 0% |
| 2012 | 34,033 | 31,545 | 2,488 | 100.6 | 0% |
| 2013 | 42,304 | 58,877 | −16,573 | 50.5 | 0% |
| 2014 | 37,978 | 44,600 | −6,622 | 64.9 | 0% |
| 2015 | 45,623 | 74,075 | −28,452 | 34.5 | 4% |
| 2016 | 42,977 | 32,971 | 10,006 | 81.1 | 8% |
| 2017 | 108,960 | 40,169 | 68,791 | 87.2 | 3% |
| 2018 | 87,007 | 74,995 | 12,012 | 48.6 | 2% |
| 2019 | 58,975 | 39,979 | 18,996 | 96.9 | 0% |
| 2020 | 94,215 | 43,660 | 50,555 | 102.6 | 0% |
| 2021 | 142,616 | 51,295 | 91,321 | 108.7 | 0% |
| 2022 | 269,380 | 74,207 | 195,173 | 106.7 | 0% |
| 2023 | 295,915 | 84,799 | 211,116 | 123.2 | 0% |
In its most recent public year (2023), this organization brought in $211,116 more than it spent. Its reserves stood at about 123.2 months of spending, up from 72.6 in 2010. Staff pay was 0% of spending. $105,338 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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