Piedmont Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 746,150 | 267,363 | 478,787 | 213.3 | 5% |
| 2012 | 874,713 | 677,169 | 197,544 | 86.9 | 4% |
| 2013 | 603,983 | 372,466 | 231,517 | 178.2 | 2% |
| 2014 | 1,041,391 | 426,180 | 615,211 | 192.9 | 5% |
| 2015 | 1,097,513 | 1,062,680 | 34,833 | 75.8 | 2% |
| 2016 | 3,887,309 | 3,927,344 | −40,035 | 26.4 | 5% |
| 2017 | 3,376,663 | 3,008,879 | 367,784 | 26.8 | 6% |
| 2018 | 3,536,789 | 2,939,098 | 597,691 | 41.5 | 0% |
| 2019 | 4,025,037 | 3,432,981 | 592,056 | 38.6 | 0% |
| 2020 | 3,841,454 | 3,708,256 | 133,198 | 37.8 | 6% |
| 2021 | 3,686,859 | 3,930,418 | −243,559 | 41.0 | 6% |
| 2022 | 4,571,932 | 3,493,884 | 1,078,048 | 44.2 | 4% |
| 2023 | 4,365,711 | 4,344,291 | 21,420 | 37.2 | 3% |
In its most recent public year (2023), this organization brought in $21,420 more than it spent. Its reserves stood at about 37.2 months of spending, down from 213.3 in 2011. Staff pay was 3% of spending. $512,388 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
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