STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION

STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION

Boulder, CO, US
501(c)(3)
EIN
23-7167258

STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION

Boulder, CO, US
501(c)(3)
EIN
23-7167258

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024

$6,787,871

Contributions
69%
Membership Dues
16%
Program Services
10%
Other
3%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024

$6,511,547

Other
47%
Salaries & Benefits
45%
Offices, Occupancy & IT
7%
Fees to Service Providers
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,657,525
$4,701,994
+29%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$578,591
$694,911
+20%
Membership Dues
$1,055,068
$1,115,298
+6%
Investments
$84,160
$77,820
-8%
Other
$5,289
$197,848
+3641%
Total Revenues
$5,380,633
$6,787,871
+26%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,708,993
$2,916,869
+8%
Fees to Service Providers
$89,539
$99,378
+11%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$467,700
$451,404
-3%
Interest
$0
$0
-
Depreciation
$4,346
$3,906
-10%
Other
$2,017,593
$3,039,990
+51%
Total Expenses
$5,288,171
$6,511,547
+23%
Net income
2023
2024
Change
Net income
+$92,462
+$276,324
+199%
Functional Expenses
Summary
2023
2024
Change
Program
$4,528,301
$5,638,965
+25%
Admin
$759,870
$872,582
+15%
Fundraising
$0
$0
-
Total Expenses
$5,288,171
$6,511,547
+23%
Income Statement
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