FORMATIVE FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$830,768
Contributions
77%
Investments
23%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$853,135
Grants
42%
Salaries & Benefits
37%
Other
19%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$525,200
$640,539
+22%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$117,832
$190,229
+61%
Other
$0
$0
-
Total Revenues
$643,032
$830,768
+29%
Expenses
2023
2024
Change
Grants
$401,170
$357,334
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$324,865
$314,627
-3%
Fees to Service Providers
$46,724
$14,770
-68%
Advertising & Promotion
$1,721
$5,910
+243%
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$233,837
$160,494
-31%
Total Expenses
$1,008,317
$853,135
-15%
Net income
2023
2024
Change
Net income
-$365,285
-$22,367
+94%
Functional Expenses
Summary
2023
2024
Change
Program
$792,148
$615,950
-22%
Admin
$67,995
$82,114
+21%
Fundraising
$148,174
$155,071
+5%
Total Expenses
$1,008,317
$853,135
-15%
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