Fairmont State Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,534,239 | 1,801,187 | −266,948 | 111.8 | 10% |
| 2013 | 3,451,851 | 2,159,428 | 1,292,423 | 106.0 | 9% |
| 2014 | 2,880,991 | 1,949,254 | 931,737 | 138.9 | 12% |
| 2015 | 3,595,987 | 2,099,851 | 1,496,136 | 134.6 | 13% |
| 2016 | 5,969,714 | 2,141,187 | 3,828,527 | 134.8 | 11% |
| 2017 | 5,517,877 | 2,302,167 | 3,215,710 | 151.5 | 6% |
| 2018 | 3,735,025 | 2,728,470 | 1,006,555 | 134.4 | 12% |
| 2019 | 5,265,955 | 2,701,443 | 2,564,512 | 148.6 | 10% |
| 2020 | 4,067,493 | 2,633,390 | 1,434,103 | 159.3 | 14% |
| 2021 | 8,983,252 | 2,893,325 | 6,089,927 | 175.4 | 15% |
| 2022 | 3,252,544 | 3,094,959 | 157,585 | 145.6 | 10% |
| 2023 | 2,055,165 | 3,133,054 | −1,077,889 | 148.7 | 16% |
In its most recent public year (2023), this organization spent $1,077,889 more than it brought in. Its reserves stood at about 148.7 months of spending, up from 111.8 in 2012. Staff pay was 16% of spending. $35,549,639 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
Fairmont State 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