SHRM FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,378,479
Contributions
56%
Other
28%
Government Grants
9%
Investments
8%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$8,519,116
Fees to Service Providers
49%
Salaries & Benefits
23%
Other
9%
Grants
9%
Offices, Occupancy & IT
9%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,993,341
$5,836,422
+46%
Government Grants
$1,323,505
$900,311
-32%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$775,199
$787,471
+2%
Other
-$211,348
$2,854,275
-1451%
Total Revenues
$5,880,697
$10,378,479
+76%
Expenses
2023
2024
Change
Grants
$975,339
$774,063
-21%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,765,081
$1,973,276
+12%
Fees to Service Providers
$3,332,178
$4,142,236
+24%
Advertising & Promotion
$0
$75,916
-
Offices, Occupancy & IT
$61,441
$744,898
+1112%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$2,503,689
$808,727
-68%
Total Expenses
$8,637,728
$8,519,116
-1%
Net income
2023
2024
Change
Net income
-$2,757,031
+$1,859,363
-167%
Functional Expenses
Summary
2023
2024
Change
Program
$6,848,360
$7,213,751
+5%
Admin
$1,211,694
$544,358
-55%
Fundraising
$577,674
$761,007
+32%
Total Expenses
$8,637,728
$8,519,116
-1%
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