Joel Cornette Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 40,375 | 886 | 39,489 | 534.8 | — |
| 2018 | 190,908 | 128,197 | 62,711 | 9.6 | 0% |
| 2019 | 197,324 | 99,431 | 97,893 | 24.1 | 0% |
| 2020 | 23,016 | 143,981 | −120,965 | 6.6 | 0% |
| 2021 | 121,804 | 22,851 | 98,953 | 93.5 | 0% |
| 2022 | 142,991 | 210,565 | −67,574 | 6.3 | 0% |
| 2023 | 144,111 | 72,043 | 72,068 | 30.4 | 0% |
In its most recent public year (2023), this organization brought in $72,068 more than it spent. Its reserves stood at about 30.4 months of spending, down from 534.8 in 2017. Staff pay was 0% of spending.
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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