BLACK HILLS STATE UNIVERSITY FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$19,930,124
Contributions
87%
Other
6%
Investments
6%
Fundraising Events
1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,269,000
Grants
58%
Offices, Occupancy & IT
23%
Other
9%
Fees to Service Providers
9%
Depreciation
<1%
Interest
<1%
Salaries & Benefits
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,192,686
$17,266,095
+312%
Government Grants
$0
$0
-
Fundraising Events
$193,866
$271,716
+40%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$600,948
$1,119,725
+86%
Other
$196,728
$1,272,588
+547%
Total Revenues
$5,184,228
$19,930,124
+284%
Expenses
2023
2024
Change
Grants
$2,126,054
$3,061,918
+44%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,234
$12,910
+15%
Fees to Service Providers
$182,385
$454,736
+149%
Advertising & Promotion
$1,841
$2,349
+28%
Offices, Occupancy & IT
$127,688
$1,212,070
+849%
Interest
$26,141
$24,560
-6%
Depreciation
$33,908
$35,024
+3%
Other
$410,310
$465,433
+13%
Total Expenses
$2,919,561
$5,269,000
+80%
Net income
2023
2024
Change
Net income
+$2,264,667
+$14,661,124
+547%
Functional Expenses
Summary
2023
2024
Change
Program
$2,331,235
$4,648,920
+99%
Admin
$540,707
$529,382
-2%
Fundraising
$47,619
$90,698
+90%
Total Expenses
$2,919,561
$5,269,000
+80%
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