TORRANCE EDUCATION FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,031,874
Other
40%
Program Services
31%
Contributions
29%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$620,985
Grants
48%
Salaries & Benefits
38%
Other
10%
Fees to Service Providers
2%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$293,710
$295,199
+1%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$221,491
$318,834
+44%
Membership Dues
$0
$0
-
Investments
$4,221
$4,707
+12%
Other
$329,333
$413,134
+25%
Total Revenues
$848,755
$1,031,874
+22%
Expenses
2023
2024
Change
Grants
$270,466
$298,900
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$292,182
$233,655
-20%
Fees to Service Providers
$17,751
$11,878
-33%
Advertising & Promotion
$5,886
$2,500
-58%
Offices, Occupancy & IT
$47,768
$9,949
-79%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$78,809
$64,103
-19%
Total Expenses
$712,862
$620,985
-13%
Net income
2023
2024
Change
Net income
+$135,893
+$410,889
+202%
Functional Expenses
Summary
2023
2024
Change
Program
$650,737
$573,549
-12%
Admin
$56,050
$38,859
-31%
Fundraising
$6,075
$8,577
+41%
Total Expenses
$712,862
$620,985
-13%
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