The Somerville Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 18,619 | 25,168 | −6,549 | 1.8 | — |
| 2019 | 35,080 | 16,602 | 18,478 | 16.1 | — |
| 2020 | 8,066 | 14,141 | −6,075 | 13.7 | — |
| 2021 | 286,390 | 141,946 | 144,444 | 13.6 | 0% |
| 2022 | 59,751 | 46,953 | 12,798 | 44.3 | — |
| 2023 | 275,682 | 228,175 | 47,507 | 11.6 | 0% |
In its most recent public year (2023), this organization brought in $47,507 more than it spent. Its reserves stood at about 11.6 months of spending, up from 1.8 in 2018. Staff pay was 0% of spending. $174,313 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
The Somerville Foundation Inc'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