MICHIGAN STATE BAR FOUNDATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$29,616,731
Program Services
62%
Government Grants
26%
Contributions
8%
Investments
3%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,778,507
Grants
91%
Other
5%
Salaries & Benefits
3%
Offices, Occupancy & IT
<1%
Fees to Service Providers
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,590,343
$2,449,585
+54%
Government Grants
$9,843,901
$7,795,708
-21%
Fundraising Events
$0
$0
-
Program Services
$7,984,865
$18,263,729
+129%
Membership Dues
$0
$0
-
Investments
$306,126
$1,007,260
+229%
Other
$132,537
$100,449
-24%
Total Revenues
$19,857,772
$29,616,731
+49%
Expenses
2023
2024
Change
Grants
$12,819,883
$12,489,673
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$323,766
$357,064
+10%
Fees to Service Providers
$123,245
$116,513
-5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$125,300
$136,266
+9%
Interest
$0
$0
-
Depreciation
$4,141
$4,853
+17%
Other
$635,725
$674,138
+6%
Total Expenses
$14,032,060
$13,778,507
-2%
Net income
2023
2024
Change
Net income
+$5,825,712
+$15,838,224
+172%
Functional Expenses
Summary
2023
2024
Change
Program
$13,938,557
$13,687,707
-2%
Admin
$63,548
$49,189
-23%
Fundraising
$29,955
$41,611
+39%
Total Expenses
$14,032,060
$13,778,507
-2%
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