Florida Endowment Foundation For Floridas Graduates Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,762,674 | 1,335,759 | 426,915 | 5.0 | 40% |
| 2021 | 1,044,128 | 1,688,278 | −644,150 | -0.7 | 25% |
| 2022 | 2,317,153 | 1,879,007 | 438,146 | 2.2 | 25% |
| 2023 | 657,933 | 1,253,775 | −595,842 | -1.3 | 41% |
In its most recent public year (2023), this organization spent $595,842 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.3 months), down from 5 in 2020. Staff pay was 41% 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
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