Southern Sailing Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 41,454 | 17,212 | 24,242 | 16.9 | — |
| 2015 | 15,432 | 17,552 | −2,120 | 15.1 | — |
| 2016 | 53,973 | 37,554 | 16,419 | 12.3 | — |
| 2017 | 188,167 | 183,138 | 5,029 | 2.9 | — |
| 2018 | 326,212 | 74,464 | 251,748 | 47.6 | 0% |
| 2019 | 216,950 | 203,170 | 13,780 | 18.3 | 0% |
| 2020 | 13,613 | 23,369 | −9,756 | 153.7 | 0% |
| 2021 | 104,787 | 112,408 | −7,621 | 31.1 | 0% |
| 2022 | −132,410 | 18,103 | −150,513 | 93.6 | 0% |
In its most recent public year (2022), this organization spent $150,513 more than it brought in. Its reserves stood at about 93.6 months of spending, up from 16.9 in 2014. Staff pay was 0% 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 2022. 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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