Southwest Mississippi Junior College Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 95,269 | 62,475 | 32,794 | 100.8 | 0% |
| 2021 | 187,255 | 107,705 | 79,550 | 67.4 | 0% |
| 2022 | 265,484 | 105,776 | 159,708 | 86.7 | 0% |
| 2023 | 246,348 | 231,492 | 14,856 | 40.4 | 0% |
| 2024 | 263,413 | 302,477 | −39,064 | 29.4 | 0% |
In its most recent public year (2024), this organization spent $39,064 more than it brought in. Its reserves stood at about 29.4 months of spending, down from 100.8 in 2020. Staff pay was 0% of spending. $731,663 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 2024. 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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