The AFIT Foundation
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$233,769
Investments
99%
Program Services
<1%
Contributions
<1%
Membership Dues
<1%
Government Grants
0%
Fundraising Events
0%
Other
0%
Expenses in 2024
$78,947
Fees to Service Providers
42%
Other
34%
Offices, Occupancy & IT
24%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$600
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$1,462
-
Membership Dues
$2,802
$448
-84%
Investments
$236,114
$231,259
-2%
Other
$925
$0
-100%
Total Revenues
$239,841
$233,769
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$19,506
$33,044
+69%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$25,515
$19,010
-25%
Interest
$0
$0
-
Depreciation
$397
$358
-10%
Other
$32,754
$26,535
-19%
Total Expenses
$78,172
$78,947
+1%
Net income
2023
2024
Change
Net income
+$161,669
+$154,822
-4%
Functional Expenses
Summary
2023
2024
Change
Program
$0
$78,947
-
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$78,172
$78,947
+1%
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