KENNESAW STATE UNIVERSITY FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$60,697,286
Program Services
60%
Contributions
28%
Investments
7%
Other
4%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$46,949,757
Grants
28%
Other
25%
Interest
23%
Depreciation
12%
Offices, Occupancy & IT
9%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Revenues
2023
2024
Change
Contributions
$19,280,307
$16,823,786
-13%
Government Grants
$0
$0
-
Fundraising Events
$438,674
$454,110
+4%
Program Services
$36,850,844
$36,555,532
-1%
Membership Dues
$0
$0
-
Investments
$2,829,294
$4,396,442
+55%
Other
-$270,717
$2,467,416
-1011%
Total Revenues
$59,128,402
$60,697,286
+3%
Expenses
2023
2024
Change
Grants
$18,152,600
$13,329,748
-27%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$1,736,800
$1,073,308
-38%
Advertising & Promotion
$39,672
$25,126
-37%
Offices, Occupancy & IT
$3,807,543
$4,075,162
+7%
Interest
$11,128,060
$10,907,361
-2%
Depreciation
$5,601,194
$5,847,687
+4%
Other
$12,435,552
$11,691,365
-6%
Total Expenses
$52,901,421
$46,949,757
-11%
Net income
2023
2024
Change
Net income
+$6,226,981
+$13,747,529
+121%
Functional Expenses
Summary
2023
2024
Change
Program
$51,091,147
$46,081,231
-10%
Admin
$1,570,187
$595,081
-62%
Fundraising
$240,087
$273,445
+14%
Total Expenses
$52,901,421
$46,949,757
-11%
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