Laredo College Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 427,141 | 522,502 | −95,361 | 9.3 | 0% |
| 2012 | 359,377 | 377,087 | −17,710 | 12.4 | 0% |
| 2013 | 362,739 | 155,644 | 207,095 | 46.2 | 0% |
| 2015 | 214,306 | 164,161 | 50,145 | 53.3 | 0% |
| 2016 | 308,048 | 283,402 | 24,646 | 32.2 | 0% |
| 2017 | 215,444 | 190,321 | 25,123 | 49.4 | 0% |
| 2018 | 23,553 | 482,654 | −459,101 | 9.5 | 0% |
| 2019 | 223,119 | 25,448 | 197,671 | 275.1 | 0% |
| 2020 | 1,115,106 | 387,092 | 728,014 | 40.6 | 0% |
| 2021 | 231,803 | 152,447 | 79,356 | 109.5 | 0% |
| 2022 | 389,097 | 351,957 | 37,140 | 48.7 | 0% |
| 2023 | 361,139 | 1,380,378 | −1,019,239 | 3.6 | 0% |
In its most recent public year (2023), this organization spent $1,019,239 more than it brought in. Its reserves stood at about 3.6 months of spending, down from 9.3 in 2011. Staff pay was 0% of spending. $280,876 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 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
Laredo College Education Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works