Wake Forest Innovation Quarter Management Co
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 48,522 | 1,154,109 | −1,105,587 | -29.0 | 0% |
| 2012 | 126,134 | 1,457,538 | −1,331,404 | -33.9 | 0% |
| 2013 | 5,795 | 2,142,271 | −2,136,476 | -35.1 | 0% |
| 2014 | 6,197 | 904,667 | −898,470 | -94.9 | 0% |
| 2015 | 2,728 | 851,550 | −848,822 | -112.8 | 0% |
| 2016 | 0 | 1,079,967 | −1,079,967 | -101.0 | 0% |
| 2017 | 93,170 | 1,196,949 | −1,103,779 | -102.2 | 0% |
| 2018 | 1,000 | 1,109,588 | −1,108,588 | -122.2 | 0% |
| 2019 | 1,000 | 1,318,221 | −1,317,221 | -114.8 | 0% |
| 2020 | 0 | 1,678,229 | −1,678,229 | -102.2 | 12% |
| 2021 | 0 | 2,424,250 | −2,424,250 | -82.8 | 6% |
| 2022 | 0 | 2,788,694 | −2,788,694 | -94.1 | 6% |
| 2023 | 68,714 | 2,955,970 | −2,887,256 | -100.5 | 27% |
In its most recent public year (2023), this organization spent $2,887,256 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-100.5 months), down from -29 in 2011. Staff pay was 27% 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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