Foundation For Lovejoy Schools
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 244,937 | 214,182 | 30,755 | 8.3 | — |
| 2011 | 268,786 | 241,242 | 27,544 | 9.0 | 0% |
| 2012 | 280,389 | 266,049 | 14,340 | 8.8 | 0% |
| 2013 | 369,986 | 345,716 | 24,270 | 7.6 | 0% |
| 2014 | 339,528 | 340,697 | −1,169 | 7.7 | 0% |
| 2015 | 457,628 | 452,819 | 4,809 | 5.9 | 0% |
| 2016 | 589,584 | 542,337 | 47,247 | 6.0 | 0% |
| 2017 | 606,645 | 548,729 | 57,916 | 7.2 | 0% |
| 2018 | 661,584 | 576,327 | 85,257 | 8.6 | 0% |
| 2019 | 614,420 | 549,102 | 65,318 | 10.5 | 0% |
| 2020 | 676,959 | 651,092 | 25,867 | 9.3 | 0% |
| 2021 | 799,277 | 737,012 | 62,265 | 9.2 | 0% |
| 2022 | 995,518 | 915,715 | 79,803 | 7.8 | 0% |
| 2023 | 845,067 | 818,708 | 26,359 | 9.4 | 0% |
In its most recent public year (2023), this organization brought in $26,359 more than it spent. Its reserves stood at about 9.4 months of spending, up from 8.3 in 2010. Staff pay was 0% of spending. $64,911 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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