Concordia University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,561,276 | 2,263,246 | 298,030 | 65.8 | 49% |
| 2021 | 40,532 | 7,504,575 | −7,464,043 | 5.8 | 0% |
| 2022 | 1,061,443 | 209,800 | 851,643 | 255.5 | 0% |
| 2023 | 390,677 | 301,808 | 88,869 | 183.5 | 0% |
| 2024 | 267,563 | 2,339,212 | −2,071,649 | 13.0 | 0% |
In its most recent public year (2024), this organization spent $2,071,649 more than it brought in. Its reserves stood at about 13 months of spending, down from 65.8 in 2019. Staff pay was 0% of spending. $2,543,102 of its net assets are donor-restricted.
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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