LASELL UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$81,014,237
Program Services
64%
Other
26%
Government Grants
5%
Contributions
3%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$68,536,596
Salaries & Benefits
45%
Grants
18%
Offices, Occupancy & IT
13%
Other
10%
Depreciation
7%
Fees to Service Providers
3%
Interest
3%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,448,541
$2,134,242
-13%
Government Grants
$1,122,842
$4,118,716
+267%
Fundraising Events
$0
$0
-
Program Services
$74,389,596
$52,119,014
-30%
Membership Dues
$0
$0
-
Investments
$1,771,850
$1,227,647
-31%
Other
-$778,776
$21,414,618
-2850%
Total Revenues
$78,954,053
$81,014,237
+3%
Expenses
2023
2024
Change
Grants
$34,140,406
$12,235,197
-64%
Benefits to Members
$0
$0
-
Salaries & Benefits
$32,611,820
$30,660,916
-6%
Fees to Service Providers
$2,425,404
$2,205,709
-9%
Advertising & Promotion
$1,342,751
$1,388,706
+3%
Offices, Occupancy & IT
$8,812,486
$8,808,826
0%
Interest
$1,782,584
$1,732,566
-3%
Depreciation
$4,948,100
$4,491,064
-9%
Other
$6,881,627
$7,013,612
+2%
Total Expenses
$92,945,178
$68,536,596
-26%
Net income
2023
2024
Change
Net income
-$13,991,125
+$12,477,641
-189%
Functional Expenses
Summary
2023
2024
Change
Program
$82,251,116
$59,208,738
-28%
Admin
$7,814,848
$6,756,228
-14%
Fundraising
$2,879,214
$2,571,630
-11%
Total Expenses
$92,945,178
$68,536,596
-26%
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