[JamesBrown]

Originally Posted by staplemonx

They already have a pretty hefty amount in the bank ($38,790,221 if I read the 990 right), what are they saving up for? http://www.guidestar.org/FinDocument...0c47c2e8-9.pdf

Just to be clear, 38 million seems like a hefty amount of money, but their total expenses were over 57 million dollars. It is not uncommon for non-profits to strive to have 6+ months worth of their operating budget in reserves. I would suspect that the balance of FIRSTs bank account fluctuates during the year. I suspect they spend a lot in the first two quarters, and take in a lot in the second two, this alone may explain the balance. The bigger key in my opinion in the 990 is that their total revenue was 174K, this is not an amount that would show as FIRST over charging teams.