South Alabama Medical Science Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,127,372 | 3,593,681 | 1,533,691 | 29.9 | 0% |
| 2012 | 3,356,802 | 3,302,571 | 54,231 | 32.8 | 0% |
| 2013 | 3,911,260 | 3,267,438 | 643,822 | 35.5 | 0% |
| 2014 | 3,533,377 | 3,304,722 | 228,655 | 35.9 | 0% |
| 2015 | 3,718,788 | 2,837,716 | 881,072 | 45.6 | 0% |
| 2016 | 3,875,783 | 3,463,730 | 412,053 | 38.8 | 0% |
| 2017 | 2,402,519 | 2,487,172 | −84,653 | 53.6 | 0% |
| 2018 | 1,734,623 | 2,032,224 | −297,601 | 63.8 | 0% |
| 2019 | 2,068,268 | 3,122,551 | −1,054,283 | 37.5 | 0% |
| 2020 | 1,344,724 | 1,604,175 | −259,451 | 71.0 | 0% |
| 2021 | 1,628,508 | 1,256,241 | 372,267 | 104.6 | 0% |
| 2022 | 1,327,390 | 1,113,341 | 214,049 | 114.4 | 0% |
| 2023 | 1,215,089 | 1,051,914 | 163,175 | 128.4 | 0% |
In its most recent public year (2023), this organization brought in $163,175 more than it spent. Its reserves stood at about 128.4 months of spending, up from 29.9 in 2011. Staff pay was 0% of spending. $228,842 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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