Norwegian Commercial Club Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,050 | 23,000 | −6,950 | 86.0 | — |
| 2012 | 16,287 | 16,238 | 49 | 121.9 | 0% |
| 2013 | 20,008 | 16,124 | 3,884 | 125.6 | 0% |
| 2014 | 20,043 | 21,368 | −1,325 | 94.0 | — |
| 2015 | 27,589 | 19,945 | 7,644 | 105.3 | 0% |
| 2016 | 24,507 | 17,000 | 7,507 | 128.9 | 0% |
| 2017 | 5,057 | 6,000 | −943 | 363.3 | 0% |
| 2018 | 20,735 | 38,010 | −17,275 | 51.9 | 0% |
| 2020 | 5,069 | 10,520 | −5,451 | 191.8 | 0% |
| 2022 | 902 | 20,000 | −19,098 | 85.8 | 0% |
| 2023 | 14,975 | 20,845 | −5,870 | 78.9 | 0% |
In its most recent public year (2023), this organization spent $5,870 more than it brought in. Its reserves stood at about 78.9 months of spending, down from 86 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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