Fernandina Beach Main Street Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 16,956 | 0 | 16,956 | — | — |
| 2019 | 33,770 | 68,406 | −34,636 | 7.4 | — |
| 2020 | 107,992 | 86,096 | 21,896 | 10.1 | — |
| 2021 | 172,725 | 144,680 | 28,045 | 8.3 | — |
| 2022 | 163,485 | 125,176 | 38,309 | 13.3 | — |
| 2023 | 254,146 | 173,269 | 80,877 | 15.2 | 33% |
In its most recent public year (2023), this organization brought in $80,877 more than it spent. Its reserves stood at about 15.2 months of spending. Staff pay was 33% of spending. $518 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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