SUMMIT EDUCATION INITIATIVE
SUMMIT EDUCATION INITIATIVE
SUMMIT EDUCATION INITIATIVE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,582,772
Contributions
74%
Program Services
15%
Government Grants
7%
Investments
3%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,601,901
Salaries & Benefits
69%
Other
17%
Offices, Occupancy & IT
6%
Fees to Service Providers
6%
Advertising & Promotion
2%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,041,409
$1,165,394
+12%
Government Grants
$43,951
$106,049
+141%
Fundraising Events
$0
$0
-
Program Services
$18,889
$231,850
+1127%
Membership Dues
$0
$0
-
Investments
$43,940
$40,909
-7%
Other
$38,556
$38,570
+0%
Total Revenues
$1,186,745
$1,582,772
+33%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,023,092
$1,098,868
+7%
Fees to Service Providers
$97,676
$89,660
-8%
Advertising & Promotion
$22,471
$33,642
+50%
Offices, Occupancy & IT
$95,670
$95,130
-1%
Interest
$58
$111
+91%
Depreciation
$7,736
$7,383
-5%
Other
$444,317
$277,107
-38%
Total Expenses
$1,691,020
$1,601,901
-5%
Net income
2023
2024
Change
Net income
-$504,275
-$19,129
+96%
Functional Expenses
Summary
2023
2024
Change
Program
$1,368,586
$1,100,170
-20%
Admin
$237,820
$354,852
+49%
Fundraising
$84,614
$146,879
+74%
Total Expenses
$1,691,020
$1,601,901
-5%
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