Farmington Museum Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 58,255 | 53,802 | 4,453 | 214.0 | 14% |
| 2013 | 363,029 | 71,743 | 291,286 | 214.3 | 11% |
| 2014 | 68,129 | 23,036 | 45,093 | 564.0 | 39% |
| 2015 | 77,874 | 52,112 | 25,762 | 250.5 | 19% |
| 2016 | 54,176 | 54,178 | −2 | 234.6 | 16% |
| 2017 | 125,396 | 62,757 | 62,639 | 214.5 | 14% |
| 2018 | 57,477 | 24,001 | 33,476 | 577.6 | 39% |
| 2019 | 179,582 | 28,735 | 150,847 | 519.7 | 39% |
| 2020 | −22,185 | 29,258 | −51,443 | 457.1 | 25% |
| 2021 | 157,685 | 11,612 | 146,073 | 1302.8 | 62% |
| 2022 | 50,926 | 104,602 | −53,676 | 138.1 | 7% |
| 2023 | 41,490 | 286,112 | −244,622 | 56.0 | 3% |
| 2024 | 103,243 | 173,081 | −69,838 | 88.1 | 5% |
In its most recent public year (2024), this organization spent $69,838 more than it brought in. Its reserves stood at about 88.1 months of spending, down from 214 in 2012. Staff pay was 5% of spending. $1,273,784 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 2024. 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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