St Marys College Of Maryland Boat Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 343,376 | 319,386 | 23,990 | 62.6 | 0% |
| 2022 | −29,050 | 227,388 | −256,438 | 47.2 | 0% |
| 2023 | −73,945 | 226,297 | −300,242 | 31.5 | 0% |
In its most recent public year (2023), this organization spent $300,242 more than it brought in. Its reserves stood at about 31.5 months of spending, down from 62.6 in 2021. Staff pay was 0% of spending.
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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