Robert G Foster Trust C/O Beverly Natl Bk
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 60,237 | 91,795 | −31,558 | 175.5 | 17% |
| 2020 | 40,664 | 94,619 | −53,955 | 163.4 | 17% |
| 2021 | 561,598 | 94,037 | 467,561 | 223.8 | 19% |
| 2022 | −58,958 | 112,086 | −171,044 | 169.5 | 14% |
| 2023 | −19,855 | 89,543 | −109,398 | 197.3 | 17% |
In its most recent public year (2023), this organization spent $109,398 more than it brought in. Its reserves stood at about 197.3 months of spending, up from 175.5 in 2019. Staff pay was 17% 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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