Turrell Art Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,374,240
Investments
75%
Contributions
18%
Other
7%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$12,593,365
Grants
85%
Depreciation
12%
Salaries & Benefits
1%
Fees to Service Providers
<1%
Other
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$10,240,424
$428,769
-96%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$719,141
$1,781,702
+148%
Other
$451,000
$163,769
-64%
Total Revenues
$11,410,565
$2,374,240
-79%
Expenses
2023
2024
Change
Grants
$0
$10,693,856
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$118,356
$157,456
+33%
Fees to Service Providers
$67,611
$68,499
+1%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$124,071
$51,258
-59%
Interest
$0
$0
-
Depreciation
$695,239
$1,567,835
+126%
Other
$43,339
$54,461
+26%
Total Expenses
$1,048,616
$12,593,365
+1101%
Net income
2023
2024
Change
Net income
+$10,361,949
-$10,219,125
-199%
Functional Expenses
Summary
2023
2024
Change
Program
$176,041
$12,353,736
+6918%
Admin
$842,800
$224,278
-73%
Fundraising
$29,775
$15,351
-48%
Total Expenses
$1,048,616
$12,593,365
+1101%
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