Alex Schmidt Memorial Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 9,800 | 4,078 | 5,722 | 16.8 | — |
| 2022 | 44,744 | 20,346 | 24,398 | 17.8 | — |
| 2023 | 14,764 | 14,718 | 46 | 24.6 | — |
In its most recent public year (2023), this organization brought in $46 more than it spent. Its reserves stood at about 24.6 months of spending, up from 16.8 in 2021.
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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