Michigan Tech Fund
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$27,066,650
Contributions
76%
Investments
14%
Other
10%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$20,325,951
Grants
96%
Fees to Service Providers
4%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Other
0%
Revenues
2023
2024
Change
Contributions
$16,284,778
$20,453,786
+26%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3,385,429
$3,884,866
+15%
Other
$1,035,148
$2,727,998
+164%
Total Revenues
$20,705,355
$27,066,650
+31%
Expenses
2023
2024
Change
Grants
$13,689,913
$19,479,935
+42%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$852,176
$830,199
-3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$85,907
$15,817
-82%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$0
$0
-
Total Expenses
$14,627,996
$20,325,951
+39%
Net income
2023
2024
Change
Net income
+$6,077,359
+$6,740,699
+11%
Functional Expenses
Summary
2023
2024
Change
Program
$13,689,913
$19,479,935
+42%
Admin
$873,083
$846,016
-3%
Fundraising
$65,000
$0
-100%
Total Expenses
$14,627,996
$20,325,951
+39%
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