Southern Virginia Higher Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,722,103 | 999,371 | 3,722,732 | 225.7 | 14% |
| 2012 | 1,404,165 | 1,684,389 | −280,224 | 131.9 | 6% |
| 2013 | 833,666 | 1,109,218 | −275,552 | 197.4 | 11% |
| 2014 | 839,824 | 1,191,027 | −351,203 | 180.3 | 10% |
| 2015 | 705,366 | 1,093,215 | −387,849 | 192.1 | 11% |
| 2016 | 721,860 | 1,102,953 | −381,093 | 186.3 | 10% |
| 2017 | 4,228,217 | 1,235,531 | 2,992,686 | 195.4 | 9% |
| 2018 | 1,405,423 | 1,305,769 | 99,654 | 185.8 | 9% |
| 2019 | 1,029,701 | 1,507,533 | −477,832 | 157.1 | 11% |
| 2020 | 787,901 | 1,319,022 | −531,121 | 174.7 | 16% |
| 2021 | 1,382,351 | 1,200,143 | 182,208 | 193.9 | 18% |
| 2022 | 501,304 | 1,483,455 | −982,151 | 148.9 | 18% |
| 2023 | 1,052,798 | 1,408,718 | −355,920 | 153.5 | 12% |
In its most recent public year (2023), this organization spent $355,920 more than it brought in. Its reserves stood at about 153.5 months of spending, down from 225.7 in 2011. Staff pay was 12% of spending. $797,380 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
Southern Virginia Higher Education Foundation Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works