Jerome Lippett Memorial Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 8,865 | 7,854 | 1,011 | 296.5 | 0% |
| 2013 | 10,604 | 4,958 | 5,646 | 476.8 | 0% |
| 2014 | 13,966 | 4,465 | 9,501 | 554.5 | 0% |
| 2015 | 9,036 | 7,744 | 1,292 | 321.5 | 0% |
| 2016 | 2,601 | 11,042 | −8,441 | 215.7 | 0% |
| 2017 | 15,120 | 7,825 | 7,295 | 316.1 | 0% |
| 2018 | 14,529 | 8,164 | 6,365 | 312.3 | 49% |
| 2019 | 13,396 | 8,881 | 4,515 | 293.2 | 44% |
| 2020 | 33,353 | 5,162 | 28,191 | 570.0 | — |
| 2021 | 19,033 | 9,045 | 9,988 | 338.4 | — |
| 2022 | 37,457 | 16,765 | 20,692 | 197.4 | 29% |
| 2023 | 9,426 | 10,872 | −1,446 | 302.9 | 39% |
| 2024 | 7,620 | 11,607 | −3,987 | 279.5 | 37% |
In its most recent public year (2024), this organization spent $3,987 more than it brought in. Its reserves stood at about 279.5 months of spending, down from 296.5 in 2012. Staff pay was 37% 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 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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