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NORTHERN MICHIGAN CATHOLIC FOUNDATION

NORTHERN MICHIGAN CATHOLIC FOUNDATION

TRAVERSE CITY, MI, US
501(c)(3)
EIN
30-0210866
DAF Sponsor
Regional Funder
funder logo

NORTHERN MICHIGAN CATHOLIC FOUNDATION

TRAVERSE CITY, MI, US
501(c)(3)
EIN
30-0210866
DAF Sponsor
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$6,737,020

Contributions
69%
Other
17%
Investments
14%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$772,277

Grants
68%
Salaries & Benefits
19%
Fees to Service Providers
10%
Offices, Occupancy & IT
2%
Other
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,968,282
$4,662,658
+137%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$788,806
$941,954
+19%
Other
$534,590
$1,132,408
+112%
Total Revenues
$3,291,678
$6,737,020
+105%
Expenses
2023
2024
Change
Grants
$752,555
$523,399
-30%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,952
$146,546
+487%
Fees to Service Providers
$156,135
$78,366
-50%
Advertising & Promotion
$0
$2,400
-
Offices, Occupancy & IT
$15,774
$16,635
+5%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$5,511
$4,931
-11%
Total Expenses
$954,927
$772,277
-19%
Net income
2023
2024
Change
Net income
+$2,336,751
+$5,964,743
+155%
Functional Expenses
Summary
2023
2024
Change
Program
$807,500
$584,155
-28%
Admin
$88,455
$112,873
+28%
Fundraising
$58,972
$75,249
+28%
Total Expenses
$954,927
$772,277
-19%
Income Statement
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