Ennio Cerquetti Memorial Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 69,401 | 110,995 | −41,594 | 183.9 | 11% |
| 2021 | 76,222 | 109,304 | −33,082 | 183.1 | 11% |
| 2022 | 77,615 | 129,206 | −51,591 | 150.1 | 11% |
| 2023 | 115,325 | 127,069 | −11,744 | 151.5 | 11% |
In its most recent public year (2023), this organization spent $11,744 more than it brought in. Its reserves stood at about 151.5 months of spending, down from 183.9 in 2020. Staff pay was 11% 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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