Otha E Herring Scholarship Fund I
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 172,950 | 253,606 | −80,656 | 157.7 | 18% |
| 2013 | 207,321 | 256,584 | −49,263 | 153.6 | 19% |
| 2014 | 588,434 | 259,308 | 329,126 | 167.2 | 18% |
| 2015 | 217,133 | 343,890 | −126,757 | 121.5 | 14% |
| 2016 | 127,833 | 248,139 | −120,306 | 162.8 | 18% |
| 2017 | 150,467 | 244,599 | −94,132 | 160.5 | 19% |
| 2018 | 139,224 | 251,356 | −112,132 | 150.9 | 19% |
| 2019 | 114,427 | 232,293 | −117,866 | 157.4 | 20% |
| 2020 | 225,047 | 236,648 | −11,601 | 153.9 | 19% |
| 2021 | 177,443 | 222,285 | −44,842 | 161.3 | 21% |
| 2022 | 166,693 | 214,604 | −47,911 | 164.4 | 23% |
| 2023 | 794,142 | 194,450 | 599,692 | 218.3 | 14% |
| 2024 | 138,185 | 202,171 | −63,986 | 206.1 | 15% |
In its most recent public year (2024), this organization spent $63,986 more than it brought in. Its reserves stood at about 206.1 months of spending, up from 157.7 in 2012. Staff pay was 15% of spending.
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 2024. 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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