Piedmont Virginia Community College Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,135,108 | 1,060,462 | 1,074,646 | 102.2 | 1% |
| 2012 | 1,765,949 | 1,765,158 | 791 | 61.6 | 1% |
| 2013 | 959,758 | 1,004,128 | −44,370 | 115.4 | 4% |
| 2014 | 2,218,459 | 998,827 | 1,219,632 | 135.4 | 3% |
| 2015 | 815,413 | 918,589 | −103,176 | 148.6 | 14% |
| 2016 | 1,701,026 | 1,139,943 | 561,083 | 129.2 | 28% |
| 2017 | 3,415,668 | 1,739,465 | 1,676,203 | 103.6 | 22% |
| 2018 | 2,621,777 | 1,650,902 | 970,875 | 116.2 | 20% |
| 2019 | 4,316,662 | 2,052,698 | 2,263,964 | 105.3 | 13% |
| 2020 | 8,182,355 | 1,980,917 | 6,201,438 | 146.7 | 12% |
| 2021 | 4,502,889 | 2,030,593 | 2,472,296 | 181.5 | 13% |
| 2022 | 2,613,602 | 2,312,423 | 301,179 | 152.4 | 12% |
| 2023 | 1,718,145 | 3,005,018 | −1,286,873 | 115.5 | 8% |
In its most recent public year (2023), this organization spent $1,286,873 more than it brought in. Its reserves stood at about 115.5 months of spending, up from 102.2 in 2011. Staff pay was 8% of spending. $26,312,824 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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