MORGAN STATE UNIVERSITY FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$27,315,469
Contributions
65%
Other
30%
Investments
5%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$16,102,308
Grants
35%
Fees to Service Providers
32%
Other
30%
Offices, Occupancy & IT
3%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$18,350,459
$17,660,028
-4%
Government Grants
$0
$0
-
Fundraising Events
$37,943
$27,465
-28%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,768,713
$1,443,782
-18%
Other
$8,082,215
$8,184,194
+1%
Total Revenues
$28,239,330
$27,315,469
-3%
Expenses
2023
2024
Change
Grants
$5,033,727
$5,616,460
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$30,000
$5,141,548
+17038%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$348,554
$438,944
+26%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$9,882,589
$4,905,356
-50%
Total Expenses
$15,294,870
$16,102,308
+5%
Net income
2023
2024
Change
Net income
+$12,944,460
+$11,213,161
-13%
Functional Expenses
Summary
2023
2024
Change
Program
$14,390,785
$15,217,239
+6%
Admin
$904,085
$885,069
-2%
Fundraising
$0
$0
-
Total Expenses
$15,294,870
$16,102,308
+5%
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