Folsom Tourism And Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 889,526 | 870,459 | 19,067 | 8.5 | 0% |
| 2021 | 683,242 | 523,606 | 159,636 | 17.7 | 0% |
| 2022 | 1,247,213 | 788,594 | 458,619 | 18.7 | 0% |
| 2023 | 1,276,385 | 1,235,064 | 41,321 | 12.4 | 0% |
In its most recent public year (2023), this organization brought in $41,321 more than it spent. Its reserves stood at about 12.4 months of spending, up from 8.5 in 2020. Staff pay was 0% of spending. $1,271,160 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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