Lamar Educational Awards Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 574,661 | 445,710 | 128,951 | 37.0 | 9% |
| 2021 | 263,256 | 221,044 | 42,212 | 77.0 | 19% |
| 2022 | 484,802 | 157,968 | 326,834 | 134.2 | 24% |
| 2023 | 676,518 | 816,595 | −140,077 | 23.6 | 6% |
In its most recent public year (2023), this organization spent $140,077 more than it brought in. Its reserves stood at about 23.6 months of spending, down from 37 in 2020. Staff pay was 6% of spending. $222,332 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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