Carteret Community College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,465,090 | 1,289,093 | 175,997 | 55.8 | 10% |
| 2021 | 2,361,364 | 3,567,775 | −1,206,411 | 18.0 | 2% |
| 2022 | 1,728,775 | 1,203,538 | 525,237 | 50.3 | 26% |
| 2023 | 2,600,536 | 1,284,872 | 1,315,664 | 62.5 | 36% |
In its most recent public year (2023), this organization brought in $1,315,664 more than it spent. Its reserves stood at about 62.5 months of spending, up from 55.8 in 2020. Staff pay was 36% of spending. $3,077,393 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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