Letourneau University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 177,489 | 71,946 | 105,543 | 3443.4 | 63% |
| 2020 | 581,778 | 153,409 | 428,369 | 1710.1 | 68% |
| 2021 | 1,429,688 | 177,227 | 1,252,461 | 1941.3 | 62% |
| 2022 | 3,412,001 | 484,916 | 2,927,085 | 706.6 | 35% |
| 2023 | 998,609 | 667,234 | 331,375 | 562.6 | 41% |
In its most recent public year (2023), this organization brought in $331,375 more than it spent. Its reserves stood at about 562.6 months of spending, down from 3443.4 in 2019. Staff pay was 41% of spending. $6,261,821 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
Letourneau University Foundation'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