Somerset Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | — | — |
| 2012 | 93,094 | 34,345 | 58,749 | 20.5 | — |
| 2013 | 36,816 | 33,473 | 3,343 | 22.3 | — |
| 2014 | 53,734 | 42,708 | 11,026 | 20.5 | — |
| 2015 | 53,909 | 56,289 | −2,380 | 15.1 | — |
| 2016 | 79,103 | 62,710 | 16,393 | 16.7 | — |
| 2017 | 48,482 | 74,492 | −26,010 | 9.8 | — |
| 2018 | 81,099 | 70,871 | 10,228 | 12.1 | — |
| 2019 | 103,295 | 94,312 | 8,983 | 10.2 | — |
| 2020 | 98,177 | 83,591 | 14,586 | 13.6 | — |
| 2021 | 120,322 | 91,568 | 28,754 | 16.2 | — |
| 2022 | 97,438 | 73,432 | 24,006 | 24.1 | — |
| 2023 | 97,041 | 91,518 | 5,523 | 20.1 | — |
In its most recent public year (2023), this organization brought in $5,523 more than it spent. Its reserves stood at about 20.1 months 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works