MIDLAND COLLEGE FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,803,197
Contributions
73%
Investments
19%
Other
8%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$12,881,727
Grants
91%
Fees to Service Providers
5%
Other
4%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,254,593
$7,924,296
+143%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,651,247
$2,000,219
+21%
Other
$642,892
$878,682
+37%
Total Revenues
$5,548,732
$10,803,197
+95%
Expenses
2023
2024
Change
Grants
$17,852,797
$11,715,103
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$500,253
$588,456
+18%
Advertising & Promotion
$1,729
$8,639
+400%
Offices, Occupancy & IT
$17,649
$36,573
+107%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$683,847
$532,956
-22%
Total Expenses
$19,056,275
$12,881,727
-32%
Net income
2023
2024
Change
Net income
-$13,507,543
-$2,078,530
+85%
Functional Expenses
Summary
2023
2024
Change
Program
$17,852,797
$11,715,103
-34%
Admin
$1,203,478
$1,166,624
-3%
Fundraising
$0
$0
-
Total Expenses
$19,056,275
$12,881,727
-32%
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