funder logo

UNIVERSITY OF MASSACHUSETTS FOUNDATION INC

UNIVERSITY OF MASSACHUSETTS FOUNDATION INC

Boston, MA, US
501(c)3
EIN
04-6013152
Regional Funder
funder logo

UNIVERSITY OF MASSACHUSETTS FOUNDATION INC

Boston, MA, US
501(c)3
EIN
04-6013152
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$102,206,758

Contributions
49%
Investments
19%
Other
17%
Government Grants
10%
Program Services
5%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$46,122,528

Grants
58%
Salaries & Benefits
20%
Fees to Service Providers
13%
Offices, Occupancy & IT
7%
Other
1%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$64,884,046
$50,148,019
-23%
Government Grants
$8,436,575
$10,011,623
+19%
Fundraising Events
$0
$0
-
Program Services
$0
$5,452,995
-
Membership Dues
$0
$0
-
Investments
$10,792,579
$19,654,522
+82%
Other
$29,325,286
$16,939,599
-42%
Total Revenues
$113,438,486
$102,206,758
-10%
Expenses
2023
2024
Change
Grants
$22,807,596
$26,715,828
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,858,894
$9,036,391
+134%
Fees to Service Providers
$13,696,926
$6,157,136
-55%
Advertising & Promotion
$64,637
$129,853
+101%
Offices, Occupancy & IT
$3,466,042
$3,047,954
-12%
Interest
$0
$0
-
Depreciation
$425,742
$425,742
+0%
Other
$1,732,909
$609,624
-65%
Total Expenses
$46,052,746
$46,122,528
+0%
Net income
2023
2024
Change
Net income
+$67,385,740
+$56,084,230
-17%
Functional Expenses
Summary
2023
2024
Change
Program
$22,807,596
$26,715,828
+17%
Admin
$19,302,325
$16,542,256
-14%
Fundraising
$3,942,825
$2,864,444
-27%
Total Expenses
$46,052,746
$46,122,528
+0%
Income Statement
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