Aquinas College
GRAND RAPIDS, MI, US
•
501(c)(3)
•
EIN
38-1367080
•
•
School
Regional Funder
•
Subordinate Organization
GRAND RAPIDS, MI, US
•
501(c)(3)
•
EIN
38-1367080
•
•
School
Regional Funder
•
Subordinate Organization
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$57,216,114
Program Services
87%
Contributions
6%
Other
4%
Investments
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$61,505,561
Grants
42%
Salaries & Benefits
29%
Fees to Service Providers
9%
Other
6%
Offices, Occupancy & IT
5%
Depreciation
5%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,865,199
$3,230,895
+13%
Government Grants
$612,872
$533,560
-13%
Fundraising Events
$359,167
$279,770
-22%
Program Services
$47,633,548
$49,575,485
+4%
Membership Dues
$0
$0
-
Investments
$1,332,391
$1,335,568
+0%
Other
-$453,689
$2,260,836
-598%
Total Revenues
$52,349,488
$57,216,114
+9%
Expenses
2023
2024
Change
Grants
$24,512,471
$26,086,896
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,609,450
$18,073,308
-8%
Fees to Service Providers
$5,667,755
$5,390,839
-5%
Advertising & Promotion
$432,331
$442,993
+2%
Offices, Occupancy & IT
$3,444,432
$3,291,475
-4%
Interest
$1,515,565
$1,589,780
+5%
Depreciation
$3,277,013
$3,237,854
-1%
Other
$3,905,635
$3,392,416
-13%
Total Expenses
$62,364,652
$61,505,561
-1%
Net income
2023
2024
Change
Net income
-$10,015,164
-$4,289,447
+57%
Functional Expenses
Summary
2023
2024
Change
Program
$54,609,359
$54,192,784
-1%
Admin
$6,672,015
$6,737,794
+1%
Fundraising
$1,083,278
$574,983
-47%
Total Expenses
$62,364,652
$61,505,561
-1%
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