CALIFORNIA EMERGING TECHNOLOGY FUND
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$3,938,233
Government Grants
68%
Program Services
19%
Investments
11%
Contributions
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$10,441,474
Grants
39%
Salaries & Benefits
25%
Fees to Service Providers
24%
Other
10%
Offices, Occupancy & IT
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$226,528
$62,782
-72%
Government Grants
$570,888
$2,665,283
+367%
Fundraising Events
$0
$0
-
Program Services
$1,365,465
$760,822
-44%
Membership Dues
$0
$0
-
Investments
$425,084
$444,101
+4%
Other
$74,423
$5,245
-93%
Total Revenues
$2,662,388
$3,938,233
+48%
Expenses
2024
2025
Change
Grants
$2,379,899
$4,076,320
+71%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,615,753
$2,607,589
0%
Fees to Service Providers
$932,200
$2,536,313
+172%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$145,055
$159,014
+10%
Interest
$0
$0
-
Depreciation
$5,442
$6,710
+23%
Other
$4,512,921
$1,055,528
-77%
Total Expenses
$10,591,270
$10,441,474
-1%
Net income
2024
2025
Change
Net income
-$7,928,882
-$6,503,241
+18%
Functional Expenses
Summary
2024
2025
Change
Program
$9,944,866
$9,909,010
0%
Admin
$646,404
$532,464
-18%
Fundraising
$0
$0
-
Total Expenses
$10,591,270
$10,441,474
-1%
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