Hendrick Scholarship Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 312,125 | 239,885 | 72,240 | 17.2 | 18% |
| 2012 | 377,805 | 303,278 | 74,527 | 17.2 | 16% |
| 2013 | 418,503 | 359,606 | 58,897 | 17.3 | 17% |
| 2014 | 517,063 | 432,108 | 84,955 | 17.5 | 20% |
| 2015 | 564,280 | 525,006 | 39,274 | 14.4 | 24% |
| 2016 | 300,255 | 275,582 | 24,673 | 29.1 | 45% |
| 2017 | 345,719 | 386,369 | −40,650 | 19.4 | 41% |
| 2018 | 288,772 | 474,106 | −185,334 | 11.5 | 36% |
| 2019 | 302,175 | 396,976 | −94,801 | 10.4 | 37% |
| 2020 | 280,128 | 336,154 | −56,026 | 10.3 | 30% |
| 2021 | 259,236 | 137,692 | 121,544 | 35.7 | 19% |
| 2022 | 578,067 | 299,267 | 278,800 | 29.0 | 23% |
In its most recent public year (2022), this organization brought in $278,800 more than it spent. Its reserves stood at about 29 months of spending, up from 17.2 in 2011. Staff pay was 23% of spending. $79,075 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 2022. 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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