The Rick Herrema Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 51,241 | 12,708 | 38,533 | 36.4 | — |
| 2015 | 189,657 | 61,619 | 128,038 | 32.4 | 47% |
| 2016 | 319,689 | 129,087 | 190,602 | 33.6 | 47% |
| 2017 | 899,647 | 242,273 | 657,374 | 51.0 | 41% |
| 2018 | 1,083,028 | 382,876 | 700,152 | 54.5 | 54% |
| 2019 | 949,620 | 550,138 | 399,482 | 47.7 | 50% |
| 2020 | 443,487 | 495,320 | −51,833 | 53.1 | 53% |
| 2021 | 726,607 | 702,265 | 24,342 | 39.4 | 42% |
| 2022 | 603,254 | 738,403 | −135,149 | 33.3 | 43% |
In its most recent public year (2022), this organization spent $135,149 more than it brought in. Its reserves stood at about 33.3 months of spending, down from 36.4 in 2014. Staff pay was 43% of spending. $161,300 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 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
The Rick Herrema Foundation Inc's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works