Sema Memorial Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 255,373 | 482,216 | −226,843 | 49.4 | 0% |
| 2021 | 564,418 | 354,136 | 210,282 | 86.7 | 0% |
| 2022 | 957,454 | 576,236 | 381,218 | 48.0 | 0% |
| 2023 | 273,752 | 369,670 | −95,918 | 77.6 | 0% |
In its most recent public year (2023), this organization spent $95,918 more than it brought in. Its reserves stood at about 77.6 months of spending, up from 49.4 in 2020. Staff pay was 0% of spending. $58,150 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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