Operating record

Community Economic Development Fund Foundation Inc

Meriden, CT · EIN 06-1380472 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$1,722,719$1,722,625$9494.865%
2021$2,229,141$2,001,342$227,79987.958%
2022$2,219,165$2,035,384$183,78182.059%
2023$2,433,942$2,249,503$184,43976.056%

In its most recent public year (2023), this organization brought in $184,439 more than it spent. Its reserves stood at about 76 months of spending, down from 94.8 in 2020. Staff pay was 56% of spending. $2,876,261 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 ↗