South Bend Black Empowerment Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 640,680 | 41,944 | 598,736 | 171.3 | 0% |
| 2021 | 4,521 | 100,081 | −95,560 | 62.2 | 0% |
| 2022 | 4,327 | 31,129 | −26,802 | 183.6 | 0% |
In its most recent public year (2022), this organization spent $26,802 more than it brought in. Its reserves stood at about 183.6 months of spending, up from 171.3 in 2020. 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 2022. 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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