The Louella W Norfleet Memorial Scholarship Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 613 | 75 | 538 | 8156.5 | — |
| 2021 | 4,820 | 79 | 4,741 | 8463.6 | — |
| 2022 | 5,556 | 0 | 5,556 | — | — |
| 2023 | 46,143 | 20,776 | 25,367 | 50.0 | — |
In its most recent public year (2023), this organization brought in $25,367 more than it spent. Its reserves stood at about 50 months of spending, down from 8156.5 in 2020.
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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