Athletics Foundation Of Norfolk State University Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 513,730 | 517,228 | −3,498 | 5.2 | 8% |
| 2012 | 495,279 | 579,721 | −84,442 | 3.1 | 4% |
| 2013 | 531,136 | 497,827 | 33,309 | 4.3 | 7% |
| 2014 | 488,013 | 530,525 | −42,512 | 3.0 | 5% |
| 2015 | 482,165 | 415,418 | 66,747 | 5.8 | 6% |
| 2016 | 334,144 | 359,892 | −25,748 | 6.0 | 6% |
| 2017 | 441,322 | 500,565 | −59,243 | 3.1 | 10% |
| 2018 | 406,299 | 470,613 | −64,314 | 1.9 | 7% |
| 2019 | 410,299 | 377,888 | 32,411 | 3.1 | 11% |
| 2020 | 429,575 | 413,912 | 15,663 | 3.3 | 13% |
| 2021 | 180,135 | 182,244 | −2,109 | 7.3 | 28% |
| 2022 | 518,263 | 428,184 | 90,079 | 5.6 | 0% |
In its most recent public year (2022), this organization brought in $90,079 more than it spent. Its reserves stood at about 5.6 months of spending. Staff pay was 0% of spending. $50,000 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
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