Passaic County Technical Institute Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 177,111 | 75,143 | 101,968 | 116.1 | 0% |
| 2020 | 76,907 | 79,142 | −2,235 | 109.9 | 0% |
| 2021 | 123,122 | 78,846 | 44,276 | 117.0 | 0% |
| 2022 | 106,668 | 88,579 | 18,089 | 106.6 | 0% |
| 2023 | 123,425 | 109,165 | 14,260 | 88.1 | 0% |
In its most recent public year (2023), this organization brought in $14,260 more than it spent. Its reserves stood at about 88.1 months of spending, down from 116.1 in 2019. 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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