Lake Sumter State College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,957,797 | 887,999 | 1,069,798 | 161.6 | 0% |
| 2012 | 1,994,279 | 1,002,108 | 992,171 | 154.7 | 8% |
| 2013 | 2,123,253 | 1,492,957 | 630,296 | 120.3 | 30% |
| 2014 | 2,549,682 | 1,332,903 | 1,216,779 | 145.0 | 8% |
| 2015 | 2,092,033 | 1,820,563 | 271,470 | 104.4 | 5% |
| 2016 | 1,601,189 | 1,363,214 | 237,975 | 144.4 | 0% |
| 2017 | 2,729,602 | 809,888 | 1,919,714 | 289.8 | 0% |
| 2018 | 1,948,455 | 2,285,914 | −337,459 | 91.9 | 0% |
| 2019 | 2,163,206 | 1,258,091 | 905,115 | 200.9 | 0% |
| 2020 | 2,695,048 | 1,295,926 | 1,399,122 | 223.0 | 0% |
| 2021 | 3,590,083 | 1,480,998 | 2,109,085 | 222.1 | 0% |
| 2022 | 3,506,837 | 1,916,573 | 1,590,264 | 153.5 | 0% |
| 2023 | 4,073,247 | 2,411,918 | 1,661,329 | 140.6 | 0% |
In its most recent public year (2023), this organization brought in $1,661,329 more than it spent. Its reserves stood at about 140.6 months of spending, down from 161.6 in 2011. 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
Lake Sumter State College 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