FOUNDATION FOR FREE ENTERPRISE EDUCATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$2,107,197
Contributions
61%
Program Services
26%
Investments
11%
Other
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,538,563
Salaries & Benefits
54%
Other
32%
Advertising & Promotion
5%
Fees to Service Providers
4%
Offices, Occupancy & IT
3%
Depreciation
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,275,261
$1,275,185
0%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$471,441
$546,671
+16%
Membership Dues
$0
$0
-
Investments
$223,737
$240,444
+7%
Other
-$90,970
$44,897
-149%
Total Revenues
$1,879,469
$2,107,197
+12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$756,626
$837,196
+11%
Fees to Service Providers
$54,591
$57,447
+5%
Advertising & Promotion
$59,440
$70,336
+18%
Offices, Occupancy & IT
$52,468
$52,631
+0%
Interest
$684
$250
-63%
Depreciation
$23,941
$28,282
+18%
Other
$473,006
$492,421
+4%
Total Expenses
$1,420,756
$1,538,563
+8%
Net income
2023
2024
Change
Net income
+$458,713
+$568,634
+24%
Functional Expenses
Summary
2023
2024
Change
Program
$823,836
$871,415
+6%
Admin
$410,825
$445,688
+8%
Fundraising
$186,095
$221,460
+19%
Total Expenses
$1,420,756
$1,538,563
+8%
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