Minerva Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 27,101 | 11,756 | 15,345 | 323.7 | — |
| 2012 | 32,888 | 14,258 | 18,630 | 282.6 | — |
| 2013 | 29,868 | 14,227 | 15,641 | 296.4 | — |
| 2014 | 59,561 | 17,851 | 41,710 | 264.2 | — |
| 2015 | 28,145 | 21,367 | 6,778 | 224.6 | — |
| 2016 | 23,750 | 24,609 | −859 | 194.6 | — |
| 2017 | 32,583 | 27,645 | 4,938 | 175.4 | — |
| 2018 | 50,710 | 26,890 | 23,820 | 190.9 | — |
| 2019 | 60,747 | 62,722 | −1,975 | 81.5 | — |
| 2020 | 78,158 | 56,904 | 21,254 | 94.3 | — |
| 2021 | 125,253 | 49,039 | 76,214 | 128.1 | 0% |
| 2022 | 54,153 | 54,130 | 23 | 116.0 | 0% |
| 2023 | 39,658 | 60,560 | −20,902 | 118.5 | 0% |
In its most recent public year (2023), this organization spent $20,902 more than it brought in. Its reserves stood at about 118.5 months of spending, down from 323.7 in 2011. 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 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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