everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

The Governors School For The Arts Foundation Inc

Norfolk, VA / EIN 54-1656477 / Form 990 / latest filing 2024
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
2012147,91568,07679,83940.7
20131,515,516151,2691,364,247126.50%
2014350,4341,458,461−1,108,0274.00%
2015139,086149,394−10,30838.30%
2016198,016271,063−73,04717.90%
2017441,610310,475131,13520.70%
20182,198,534577,4771,621,05744.80%
2019230,719430,529−199,81055.90%
2020390,058404,643−14,58560.20%
2021323,880411,495−87,61561.60%
2022383,068430,314−47,24652.60%
2023453,280565,400−112,12039.70%
2024668,227687,408−19,18132.30%

In its most recent public year (2024), this organization spent $19,181 more than it brought in. Its reserves stood at about 32.3 months of spending, down from 40.7 in 2012. Staff pay was 0% of spending. $1,347,814 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 2024. 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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