Fermanian Family Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 436,082 | 392,016 | 44,066 | 296.6 | 0% |
| 2021 | 2,936,109 | 2,278,818 | 657,291 | 54.5 | 0% |
| 2022 | 445,745 | 1,531,474 | −1,085,729 | 72.6 | 0% |
| 2023 | 430,422 | 1,368,136 | −937,714 | 73.0 | 0% |
In its most recent public year (2023), this organization spent $937,714 more than it brought in. Its reserves stood at about 73 months of spending, down from 296.6 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 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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