Teamsters Local 701 Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 51,247 | 10,605 | 40,642 | 574.2 | 0% |
| 2021 | 71,964 | 13,593 | 58,371 | 499.5 | 0% |
| 2022 | 59,293 | 14,173 | 45,120 | 517.3 | 0% |
| 2023 | 69,296 | 9,460 | 59,836 | 850.9 | 0% |
In its most recent public year (2023), this organization brought in $59,836 more than it spent. Its reserves stood at about 850.9 months of spending, up from 574.2 in 2020. 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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