JAMES MADISON UNIVERSITY FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$48,716,381
Contributions
47%
Other
44%
Investments
7%
Program Services
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$21,309,809
Grants
74%
Other
8%
Fees to Service Providers
7%
Salaries & Benefits
6%
Interest
3%
Offices, Occupancy & IT
2%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$17,572,580
$22,746,900
+29%
Government Grants
$0
$0
-
Fundraising Events
$43,733
$87,561
+100%
Program Services
$349,541
$1,120,397
+221%
Membership Dues
$0
$0
-
Investments
$2,914,959
$3,322,036
+14%
Other
$709,110
$21,439,487
+2923%
Total Revenues
$21,589,923
$48,716,381
+126%
Expenses
2023
2024
Change
Grants
$17,238,512
$15,765,296
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,226,240
$1,281,058
+4%
Fees to Service Providers
$752,338
$1,480,056
+97%
Advertising & Promotion
$109,142
$83,365
-24%
Offices, Occupancy & IT
$262,748
$340,489
+30%
Interest
$635,917
$599,911
-6%
Depreciation
$104,109
$104,867
+1%
Other
$1,038,066
$1,654,767
+59%
Total Expenses
$21,367,072
$21,309,809
0%
Net income
2023
2024
Change
Net income
+$222,851
+$27,406,572
+12198%
Functional Expenses
Summary
2023
2024
Change
Program
$19,611,872
$18,679,797
-5%
Admin
$1,289,314
$1,778,213
+38%
Fundraising
$465,886
$851,799
+83%
Total Expenses
$21,367,072
$21,309,809
0%
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