Morgan County Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 825,849 | 654,775 | 171,074 | 42.5 | 34% |
| 2012 | 532,383 | 678,595 | −146,212 | 38.4 | 31% |
| 2013 | 910,859 | 752,250 | 158,609 | 37.2 | 27% |
| 2014 | 693,091 | 644,932 | 48,159 | 44.2 | 32% |
| 2015 | 549,062 | 677,128 | −128,066 | 39.9 | 31% |
| 2016 | 1,543,949 | 1,023,444 | 520,505 | 32.5 | 22% |
| 2017 | 927,817 | 917,720 | 10,097 | 36.3 | 24% |
| 2018 | 730,532 | 768,181 | −37,649 | 42.8 | 31% |
| 2019 | 587,879 | 774,854 | −186,975 | 39.6 | 30% |
| 2020 | 544,643 | 677,225 | −132,582 | 42.9 | 37% |
| 2021 | 973,430 | 559,094 | 414,336 | 60.9 | 40% |
| 2022 | 862,006 | 716,213 | 145,793 | 41.4 | 43% |
| 2023 | 1,552,494 | 860,840 | 691,654 | 45.7 | 38% |
In its most recent public year (2023), this organization brought in $691,654 more than it spent. Its reserves stood at about 45.7 months of spending, up from 42.5 in 2011. Staff pay was 38% of spending. $1,914,984 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
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