THE UNIVERSITY OF TOLEDO FOUNDATION
THE UNIVERSITY OF TOLEDO FOUNDATION
THE UNIVERSITY OF TOLEDO FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$35,443,468
Contributions
43%
Other
20%
Investments
18%
Program Services
13%
Government Grants
5%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$29,230,416
Grants
61%
Salaries & Benefits
24%
Fees to Service Providers
9%
Other
3%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$12,992,996
$15,313,754
+18%
Government Grants
$0
$1,647,974
-
Fundraising Events
$148,776
$169,412
+14%
Program Services
$3,630,421
$4,563,955
+26%
Membership Dues
$0
$0
-
Investments
$5,529,065
$6,495,625
+17%
Other
$7,618,994
$7,252,748
-5%
Total Revenues
$29,920,252
$35,443,468
+18%
Expenses
2023
2024
Change
Grants
$18,106,836
$17,880,996
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,409,852
$7,128,700
-4%
Fees to Service Providers
$1,509,113
$2,544,608
+69%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$283,562
$676,033
+138%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$885,984
$1,000,079
+13%
Total Expenses
$28,195,347
$29,230,416
+4%
Net income
2023
2024
Change
Net income
+$1,724,905
+$6,213,052
+260%
Functional Expenses
Summary
2023
2024
Change
Program
$18,307,630
$18,430,103
+1%
Admin
$4,405,052
$5,252,442
+19%
Fundraising
$5,482,665
$5,547,871
+1%
Total Expenses
$28,195,347
$29,230,416
+4%
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