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NATIONAL INSTITUTE FOR EXCELLENCE IN TEACHING

NATIONAL INSTITUTE FOR EXCELLENCE IN TEACHING

SCOTTSDALE, AZ, US
501(c)(3)
EIN
20-2268389
Regional Funder
funder logo

NATIONAL INSTITUTE FOR EXCELLENCE IN TEACHING

SCOTTSDALE, AZ, US
501(c)(3)
EIN
20-2268389
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$33,588,125

Program Services
78%
Government Grants
19%
Investments
4%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$24,916,717

Salaries & Benefits
57%
Grants
18%
Other
15%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Depreciation
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$225,000
$0
-100%
Government Grants
$10,387,328
$6,260,336
-40%
Fundraising Events
$0
$0
-
Program Services
$21,525,883
$26,121,841
+21%
Membership Dues
$0
$0
-
Investments
$450,079
$1,184,436
+163%
Other
$0
$21,512
-
Total Revenues
$32,588,290
$33,588,125
+3%
Expenses
2023
2024
Change
Grants
$8,076,680
$4,507,285
-44%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,958,027
$14,272,917
+10%
Fees to Service Providers
$1,296,291
$1,063,299
-18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$926,209
$1,125,048
+21%
Interest
$0
$0
-
Depreciation
$328,025
$328,447
+0%
Other
$2,921,378
$3,619,721
+24%
Total Expenses
$26,506,610
$24,916,717
-6%
Net income
2023
2024
Change
Net income
+$6,081,680
+$8,671,408
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$23,392,514
$21,435,269
-8%
Admin
$3,101,320
$3,477,205
+12%
Fundraising
$12,776
$4,243
-67%
Total Expenses
$26,506,610
$24,916,717
-6%
Income Statement
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