The Tannie And John King Perpetual Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,309 | 15,000 | 7,309 | 375.1 | — |
| 2012 | 21,899 | 0 | 21,899 | — | — |
| 2013 | 28,666 | 50,000 | −21,334 | 113.9 | — |
| 2014 | 25,122 | 7,500 | 17,622 | 864.1 | 0% |
| 2015 | 15,588 | 15,000 | 588 | 432.5 | 0% |
| 2016 | 39,072 | 25,000 | 14,072 | 266.3 | 0% |
| 2017 | 39,436 | 30,000 | 9,436 | 225.7 | 0% |
| 2018 | 39,984 | 30,000 | 9,984 | 229.7 | 0% |
| 2019 | 41,554 | 40,000 | 1,554 | 172.7 | 0% |
| 2020 | 59,941 | 40,000 | 19,941 | 172.2 | 0% |
| 2021 | 29,766 | 40,000 | −10,234 | 201.7 | 0% |
| 2022 | 28,702 | 40,000 | −11,298 | 159.0 | 0% |
| 2023 | 27,941 | 40,000 | −12,059 | 161.3 | 0% |
In its most recent public year (2023), this organization spent $12,059 more than it brought in. Its reserves stood at about 161.3 months of spending, down from 375.1 in 2011. Staff pay was 0% of spending. $537,704 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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