Farmington-Farmington Hills Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 155,338 | 118,500 | 36,838 | 3.7 | 0% |
| 2014 | 242,931 | 167,344 | 75,587 | 8.1 | 3% |
| 2015 | 213,409 | 218,157 | −4,748 | 5.9 | 15% |
| 2016 | 158,103 | 249,750 | −91,647 | 7.3 | 16% |
| 2017 | 302,294 | 295,345 | 6,949 | 6.5 | 14% |
| 2018 | 233,744 | 279,670 | −45,926 | 5.1 | 18% |
| 2019 | 288,624 | 283,092 | 5,532 | 5.3 | 26% |
| 2020 | 147,082 | 209,179 | −62,097 | 1.6 | 36% |
| 2021 | 85,411 | 90,892 | −5,481 | 5.3 | 36% |
| 2022 | 140,897 | 96,917 | 43,980 | 10.6 | 0% |
| 2023 | 132,205 | 87,348 | 44,857 | 17.9 | 0% |
| 2024 | 143,407 | 129,019 | 14,388 | 14.0 | 0% |
In its most recent public year (2024), this organization brought in $14,388 more than it spent. Its reserves stood at about 14 months of spending, up from 3.7 in 2013. Staff pay was 0% of spending. $104,468 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 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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