Galveston College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 407,705 | 735,947 | −328,242 | 84.7 | 0% |
| 2012 | 365,775 | 375,493 | −9,718 | 168.1 | 0% |
| 2013 | 460,421 | 402,072 | 58,349 | 158.1 | 0% |
| 2014 | 2,568,490 | 323,274 | 2,245,216 | 289.8 | 0% |
| 2015 | 3,642,022 | 342,631 | 3,299,391 | 369.7 | 0% |
| 2016 | 813,192 | 275,187 | 538,005 | 499.5 | 0% |
| 2017 | 1,499,679 | 321,494 | 1,178,185 | 499.1 | 0% |
| 2018 | 4,021,972 | 399,172 | 3,622,800 | 525.2 | 0% |
| 2019 | 965,202 | 2,756,961 | −1,791,759 | 66.7 | 0% |
| 2020 | 769,158 | 423,582 | 345,576 | 470.5 | 0% |
| 2021 | 1,761,845 | 409,755 | 1,352,090 | 597.5 | 0% |
| 2022 | 7,009,018 | 460,680 | 6,548,338 | 593.3 | 0% |
| 2023 | 1,077,669 | 533,546 | 544,123 | 542.5 | 0% |
In its most recent public year (2023), this organization brought in $544,123 more than it spent. Its reserves stood at about 542.5 months of spending, up from 84.7 in 2011. Staff pay was 0% of spending. $23,967,664 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works