Frank Vasfailo Iii Memorial Scholarship Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 18,288 | 17,441 | 847 | 0.6 | — |
| 2017 | 28,485 | 25,869 | 2,616 | 1.5 | — |
| 2018 | 26,479 | 23,720 | 2,759 | 3.1 | — |
| 2019 | 26,524 | 28,728 | −2,204 | 1.6 | — |
| 2020 | 800 | 608 | 192 | 79.5 | — |
| 2021 | 21,409 | 13,814 | 7,595 | 10.1 | — |
| 2022 | 23,555 | 24,233 | −678 | 5.4 | — |
| 2023 | 27,479 | 27,028 | 451 | 5.1 | — |
In its most recent public year (2023), this organization brought in $451 more than it spent. Its reserves stood at about 5.1 months of spending, up from 0.6 in 2012.
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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