PRESIDENT & TRUSTEES OF COLBY COLLEGE
PRESIDENT & TRUSTEES OF COLBY COLLEGE
PRESIDENT & TRUSTEES OF COLBY COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$379,623,000
Program Services
52%
Contributions
31%
Other
13%
Investments
4%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$299,250,000
Salaries & Benefits
38%
Grants
22%
Fees to Service Providers
14%
Offices, Occupancy & IT
9%
Other
6%
Depreciation
6%
Interest
4%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$33,831,000
$118,762,000
+251%
Government Grants
$3,788,000
$4,031,000
+6%
Fundraising Events
$0
$0
-
Program Services
$186,429,000
$195,802,000
+5%
Membership Dues
$0
$0
-
Investments
$19,043,000
$13,518,000
-29%
Other
$44,375,000
$47,510,000
+7%
Total Revenues
$287,466,000
$379,623,000
+32%
Expenses
2023
2024
Change
Grants
$58,198,926
$67,196,134
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$104,352,562
$114,260,582
+9%
Fees to Service Providers
$45,386,000
$43,094,000
-5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$29,730,000
$27,759,000
-7%
Interest
$10,433,000
$11,002,000
+5%
Depreciation
$16,382,000
$17,956,000
+10%
Other
$20,122,512
$17,982,284
-11%
Total Expenses
$284,605,000
$299,250,000
+5%
Net income
2023
2024
Change
Net income
+$2,861,000
+$80,373,000
+2709%
Functional Expenses
Summary
2023
2024
Change
Program
$223,481,716
$239,577,823
+7%
Admin
$51,177,133
$48,845,814
-5%
Fundraising
$9,946,151
$10,826,363
+9%
Total Expenses
$284,605,000
$299,250,000
+5%
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