FORMAN SCHOOL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$23,869,297
Program Services
83%
Contributions
14%
Investments
3%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$23,725,092
Salaries & Benefits
49%
Other
13%
Grants
12%
Depreciation
9%
Offices, Occupancy & IT
9%
Fees to Service Providers
4%
Advertising & Promotion
2%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,627,717
$3,255,935
+100%
Government Grants
$1,693,948
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$20,536,665
$19,819,001
-3%
Membership Dues
$0
$0
-
Investments
$416,018
$748,048
+80%
Other
$158,514
$46,313
-71%
Total Revenues
$24,432,862
$23,869,297
-2%
Expenses
2023
2024
Change
Grants
$2,956,586
$2,792,427
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,074,755
$11,742,176
-3%
Fees to Service Providers
$1,016,706
$1,017,022
+0%
Advertising & Promotion
$476,513
$432,474
-9%
Offices, Occupancy & IT
$2,256,120
$2,158,237
-4%
Interest
$261,725
$275,054
+5%
Depreciation
$2,112,283
$2,170,777
+3%
Other
$2,680,944
$3,136,925
+17%
Total Expenses
$23,835,632
$23,725,092
0%
Net income
2023
2024
Change
Net income
+$597,230
+$144,205
-76%
Functional Expenses
Summary
2023
2024
Change
Program
$18,561,064
$18,498,091
0%
Admin
$4,222,747
$4,119,707
-2%
Fundraising
$1,051,821
$1,107,294
+5%
Total Expenses
$23,835,632
$23,725,092
0%
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