Norwalk Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,486,636 | 5,737,218 | −4,250,582 | 50.8 | 8% |
| 2012 | 2,856,383 | 3,172,672 | −316,289 | 94.0 | 13% |
| 2013 | 2,710,128 | 2,499,689 | 210,439 | 126.7 | 20% |
| 2014 | 4,026,993 | 2,920,395 | 1,106,598 | 110.1 | 18% |
| 2015 | 2,760,859 | 2,807,477 | −46,618 | 105.9 | 20% |
| 2016 | 3,853,530 | 3,281,266 | 572,264 | 93.6 | 17% |
| 2017 | 2,141,699 | 950,893 | 1,190,806 | 340.4 | 31% |
| 2018 | 3,711,539 | 3,081,109 | 630,430 | 108.5 | 19% |
| 2019 | 3,527,398 | 4,027,483 | −500,085 | 82.1 | 13% |
| 2020 | 4,984,594 | 3,512,273 | 1,472,321 | 98.7 | 17% |
| 2021 | 4,946,080 | 3,085,106 | 1,860,974 | 134.8 | 20% |
| 2022 | 5,211,834 | 3,399,390 | 1,812,444 | 109.4 | 19% |
| 2023 | 4,227,837 | 3,795,923 | 431,914 | 104.6 | 17% |
In its most recent public year (2023), this organization brought in $431,914 more than it spent. Its reserves stood at about 104.6 months of spending, up from 50.8 in 2011. Staff pay was 17% of spending. $29,872,103 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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