SALEM STATE UNIVERSITY FOUNDATION INC
SALEM STATE UNIVERSITY FOUNDATION INC
SALEM STATE UNIVERSITY FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$11,803,565
Other
46%
Contributions
36%
Investments
18%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$5,822,290
Grants
81%
Other
10%
Fees to Service Providers
9%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$13,482,961
$4,269,201
-68%
Government Grants
$555,555
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,560,945
$2,162,788
+39%
Other
$1,502,609
$5,371,576
+257%
Total Revenues
$17,102,070
$11,803,565
-31%
Expenses
2024
2025
Change
Grants
$4,840,140
$4,733,170
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$409,455
$505,047
+23%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$6,463
$5,616
-13%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$404,384
$578,457
+43%
Total Expenses
$5,660,442
$5,822,290
+3%
Net income
2024
2025
Change
Net income
+$11,441,628
+$5,981,275
-48%
Functional Expenses
Summary
2024
2025
Change
Program
$4,882,800
$4,781,650
-2%
Admin
$649,420
$819,746
+26%
Fundraising
$128,222
$220,894
+72%
Total Expenses
$5,660,442
$5,822,290
+3%
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