SIMMONS UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$220,504,078
Program Services
81%
Other
8%
Contributions
6%
Investments
3%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$226,607,526
Salaries & Benefits
33%
Grants
27%
Other
21%
Depreciation
7%
Offices, Occupancy & IT
5%
Interest
5%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,450,617
$14,172,451
+68%
Government Grants
$5,493,975
$2,687,660
-51%
Fundraising Events
$0
$0
-
Program Services
$198,677,032
$179,405,590
-10%
Membership Dues
$0
$0
-
Investments
$6,418,674
$5,951,077
-7%
Other
$5,929,667
$18,287,300
+208%
Total Revenues
$224,969,965
$220,504,078
-2%
Expenses
2023
2024
Change
Grants
$60,071,953
$60,849,395
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$79,427,891
$74,276,361
-6%
Fees to Service Providers
$4,939,055
$3,685,182
-25%
Advertising & Promotion
$165,545
$156,041
-6%
Offices, Occupancy & IT
$12,154,170
$12,116,415
0%
Interest
$11,358,047
$10,893,537
-4%
Depreciation
$16,095,200
$16,144,521
+0%
Other
$54,494,835
$48,486,074
-11%
Total Expenses
$238,706,696
$226,607,526
-5%
Net income
2023
2024
Change
Net income
-$13,736,731
-$6,103,448
+56%
Functional Expenses
Summary
2023
2024
Change
Program
$203,522,009
$191,608,391
-6%
Admin
$32,760,786
$32,449,074
-1%
Fundraising
$2,423,901
$2,550,061
+5%
Total Expenses
$238,706,696
$226,607,526
-5%
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