Mississippi Bankers Voluntary Employees Beneficary Assn Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,902,098 | 2,178,674 | −276,576 | 58.1 | 0% |
| 2020 | 21,438,187 | 20,948,031 | 490,156 | 6.1 | 0% |
| 2021 | 23,049,975 | 23,421,569 | −371,594 | 5.1 | 0% |
| 2022 | 24,940,951 | 22,972,956 | 1,967,995 | 5.6 | 0% |
| 2023 | 24,585,904 | 25,166,156 | −580,252 | 5.0 | 0% |
In its most recent public year (2023), this organization spent $580,252 more than it brought in. Its reserves stood at about 5 months of spending, down from 58.1 in 2019. 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
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