Lake Oconee Academy Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 266,058 | 129,741 | 136,317 | 19.1 | 0% |
| 2015 | 227,100 | 56,064 | 171,036 | 80.7 | 0% |
| 2016 | 336,350 | 140,514 | 195,836 | 48.9 | 0% |
| 2017 | 1,703,135 | 150,224 | 1,552,911 | 167.5 | 21% |
| 2018 | 808,212 | 355,361 | 452,851 | 87.9 | 0% |
| 2019 | 485,021 | 294,761 | 190,260 | 113.7 | 0% |
| 2020 | 949,783 | 1,342,512 | −392,729 | 21.5 | 0% |
| 2021 | 963,837 | 1,278,746 | −314,909 | 19.6 | 0% |
| 2022 | 1,483,193 | 1,529,119 | −45,926 | 16.0 | 2% |
| 2023 | 1,495,173 | 1,742,413 | −247,240 | 12.3 | 2% |
In its most recent public year (2023), this organization spent $247,240 more than it brought in. Its reserves stood at about 12.3 months of spending, down from 19.1 in 2014. Staff pay was 2% of spending. $239,168 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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