Lamar Institute Of Technology Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,287,580 | 434,173 | 853,407 | 185.7 | 0% |
| 2021 | 860,968 | 669,574 | 191,394 | 133.9 | 0% |
| 2022 | 2,251,016 | 321,395 | 1,929,621 | 256.4 | 0% |
| 2023 | 644,076 | 426,511 | 217,565 | 208.3 | 0% |
In its most recent public year (2023), this organization brought in $217,565 more than it spent. Its reserves stood at about 208.3 months of spending, up from 185.7 in 2020. Staff pay was 0% of spending. $7,347,524 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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