Goleta Entrepreneurial Magnet
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 329,529 | 223,804 | 105,725 | 5.7 | 29% |
| 2015 | 228,917 | 242,341 | −13,424 | 4.6 | 25% |
| 2016 | 197,701 | 227,391 | −29,690 | 3.3 | — |
| 2017 | 6,600 | 29,434 | −22,834 | 16.2 | — |
| 2018 | 175,000 | 40,679 | 134,321 | 51.4 | — |
| 2019 | 130,000 | 54,621 | 75,379 | 54.8 | — |
| 2020 | 50,000 | 46,836 | 3,164 | 64.7 | — |
| 2021 | 0 | 32,612 | −32,612 | 81.0 | — |
| 2022 | 0 | 38,560 | −38,560 | 56.5 | — |
In its most recent public year (2022), this organization spent $38,560 more than it brought in. Its reserves stood at about 56.5 months of spending, up from 5.7 in 2014.
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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