UNIVERSITY OF ILLINOIS ALUMNI ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,002,104
Other
40%
Government Grants
18%
Contributions
14%
Investments
14%
Membership Dues
7%
Program Services
7%
Fundraising Events
0%
Expenses in 2024
$5,179,226
Salaries & Benefits
54%
Fees to Service Providers
20%
Other
12%
Offices, Occupancy & IT
11%
Depreciation
3%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,313,630
$422,506
-68%
Government Grants
$550,000
$550,000
+0%
Fundraising Events
$0
$0
-
Program Services
$390,071
$206,140
-47%
Membership Dues
$186,976
$216,982
+16%
Investments
$397,472
$410,953
+3%
Other
$1,592,849
$1,195,523
-25%
Total Revenues
$4,430,998
$3,002,104
-32%
Expenses
2023
2024
Change
Grants
$26,000
$22,000
-15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,826,824
$2,799,580
-1%
Fees to Service Providers
$996,834
$1,022,253
+3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$629,496
$552,604
-12%
Interest
$0
$0
-
Depreciation
$473,327
$177,230
-63%
Other
$483,426
$605,559
+25%
Total Expenses
$5,435,907
$5,179,226
-5%
Net income
2023
2024
Change
Net income
-$1,004,909
-$2,177,122
-117%
Functional Expenses
Summary
2023
2024
Change
Program
$3,773,204
$3,219,215
-15%
Admin
$1,041,750
$1,227,716
+18%
Fundraising
$620,953
$732,295
+18%
Total Expenses
$5,435,907
$5,179,226
-5%
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