Southwest Virginia Higher Education Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2009 | 0 | 0 | 0 | — | — |
| 2010 | 0 | 0 | 0 | — | — |
| 2013 | 7,622,783 | 2,725,822 | 4,896,961 | 24.1 | 1% |
| 2014 | 8,730,454 | 4,453,148 | 4,277,306 | 26.3 | 1% |
| 2015 | 5,760,796 | 5,068,336 | 692,460 | 24.8 | 2% |
| 2016 | 9,155,183 | 9,257,900 | −102,717 | 13.0 | 0% |
| 2017 | 8,351,977 | 8,773,481 | −421,504 | 13.1 | 0% |
| 2018 | 1,565,958 | 3,046,977 | −1,481,019 | 32.0 | 0% |
| 2019 | 1,739,049 | 2,267,865 | −528,816 | 40.1 | 0% |
| 2020 | 1,222,648 | 1,650,926 | −428,278 | 52.0 | 0% |
| 2021 | 1,424,900 | 1,815,421 | −390,521 | 44.7 | 0% |
| 2022 | 622,435 | 826,533 | −204,098 | 93.7 | 0% |
| 2023 | 142,397 | 399,685 | −257,288 | 186.1 | 0% |
In its most recent public year (2023), this organization spent $257,288 more than it brought in. Its reserves stood at about 186.1 months of spending. Staff pay was 0% of spending. $6,198,152 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
Southwest Virginia Higher Education Center Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works