The Northwest Connecticut Community Foundation Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 583,665 | 504,593 | 79,072 | 143.0 | 0% |
| 2021 | 428,798 | 333,393 | 95,405 | 260.2 | 0% |
| 2022 | 287,627 | 623,770 | −336,143 | 110.5 | 0% |
| 2023 | 392,049 | 471,775 | −79,726 | 141.9 | 0% |
In its most recent public year (2023), this organization spent $79,726 more than it brought in. Its reserves stood at about 141.9 months of spending, down from 143 in 2020. Staff pay was 0% of spending. $142,823 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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