Lorain County Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,308,164 | 3,168,722 | 1,139,442 | 194.7 | 11% |
| 2021 | 5,078,771 | 2,887,193 | 2,191,578 | 265.7 | 15% |
| 2022 | 5,147,930 | 2,931,609 | 2,216,321 | 229.3 | 17% |
| 2023 | 4,011,366 | 3,331,916 | 679,450 | 215.7 | 13% |
In its most recent public year (2023), this organization brought in $679,450 more than it spent. Its reserves stood at about 215.7 months of spending, up from 194.7 in 2020. Staff pay was 13% of spending. $55,950,940 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
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