Steven M Sorenson Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 22,500 | 0 | 22,500 | — | — |
| 2020 | 78,499 | 88,057 | −9,558 | 0.1 | — |
| 2021 | 121,376 | 91,677 | 29,699 | 4.0 | — |
| 2022 | 25,437 | 31,460 | −6,023 | 9.5 | — |
| 2023 | 145,771 | 167,427 | −21,656 | 0.2 | — |
In its most recent public year (2023), this organization spent $21,656 more than it brought in. Its reserves stood at about 0.2 months 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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