Independence Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 819,835 | 241,345 | 578,490 | 170.3 | 0% |
| 2013 | 590,308 | 270,625 | 319,683 | 192.0 | 0% |
| 2014 | 310,486 | 352,240 | −41,754 | 160.8 | 0% |
| 2015 | 334,250 | 564,442 | −230,192 | 94.4 | 0% |
| 2016 | 305,883 | 464,403 | −158,520 | 106.9 | 0% |
| 2017 | 352,824 | 539,931 | −187,107 | 91.7 | 0% |
| 2018 | 476,901 | 401,935 | 74,966 | 126.5 | 0% |
| 2019 | 569,126 | 732,189 | −163,063 | 67.0 | 0% |
| 2020 | 427,718 | 416,746 | 10,972 | 117.8 | 0% |
| 2021 | 305,215 | 489,065 | −183,850 | 105.1 | 0% |
| 2022 | 257,230 | 445,387 | −188,157 | 101.3 | 20% |
| 2023 | 1,288,515 | 279,455 | 1,009,060 | 204.7 | 18% |
In its most recent public year (2023), this organization brought in $1,009,060 more than it spent. Its reserves stood at about 204.7 months of spending, up from 170.3 in 2012. Staff pay was 18% of spending. $2,634,424 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
Independence Community College Foundation's IRS filings as a feed — one entry per filing year, through 2023. 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