NATIONAL CENTER FOR TEACHER RESIDENCIES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$15,481,914
Contributions
75%
Government Grants
16%
Program Services
8%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$12,535,034
Grants
60%
Salaries & Benefits
29%
Fees to Service Providers
6%
Other
4%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$6,426,237
$11,652,472
+81%
Government Grants
$1,532,290
$2,406,339
+57%
Fundraising Events
$0
$0
-
Program Services
$1,542,914
$1,266,422
-18%
Membership Dues
$0
$0
-
Investments
$0
$156,681
-
Other
$0
$0
-
Total Revenues
$9,501,441
$15,481,914
+63%
Expenses
2023
2024
Change
Grants
$4,937,500
$7,568,000
+53%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,548,089
$3,633,046
+2%
Fees to Service Providers
$827,841
$737,002
-11%
Advertising & Promotion
$1,592
$4,489
+182%
Offices, Occupancy & IT
$58,334
$93,587
+60%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$332,347
$498,910
+50%
Total Expenses
$9,705,703
$12,535,034
+29%
Net income
2023
2024
Change
Net income
-$204,262
+$2,946,880
-1543%
Functional Expenses
Summary
2023
2024
Change
Program
$8,443,971
$11,138,825
+32%
Admin
$773,848
$867,200
+12%
Fundraising
$487,884
$529,009
+8%
Total Expenses
$9,705,703
$12,535,034
+29%
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