VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$42,613,847
Program Services
72%
Government Grants
12%
Other
11%
Investments
2%
Contributions
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$43,257,669
Salaries & Benefits
41%
Other
14%
Fees to Service Providers
12%
Grants
9%
Depreciation
8%
Offices, Occupancy & IT
7%
Interest
7%
Advertising & Promotion
3%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$409,987
$818,769
+100%
Government Grants
$4,481,407
$5,063,105
+13%
Fundraising Events
$394,100
$311,281
-21%
Program Services
$30,106,829
$30,888,772
+3%
Membership Dues
$0
$0
-
Investments
$670,409
$897,198
+34%
Other
$4,630,808
$4,634,722
+0%
Total Revenues
$40,693,540
$42,613,847
+5%
Expenses
2023
2024
Change
Grants
$4,228,061
$3,744,422
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,093,023
$17,615,628
+3%
Fees to Service Providers
$4,274,094
$5,201,986
+22%
Advertising & Promotion
$1,604,544
$1,214,716
-24%
Offices, Occupancy & IT
$3,376,265
$3,202,976
-5%
Interest
$3,200,480
$2,866,276
-10%
Depreciation
$4,098,564
$3,506,587
-14%
Other
$5,687,933
$5,905,078
+4%
Total Expenses
$43,562,964
$43,257,669
-1%
Net income
2023
2024
Change
Net income
-$2,869,424
-$643,822
+78%
Functional Expenses
Summary
2023
2024
Change
Program
$32,465,659
$32,337,923
0%
Admin
$10,649,331
$10,373,596
-3%
Fundraising
$447,974
$546,150
+22%
Total Expenses
$43,562,964
$43,257,669
-1%
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