MONTCALM COMMUNITY COLLEGE FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$987,029
Investments
65%
Contributions
27%
Other
9%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,138,729
Grants
86%
Other
9%
Fees to Service Providers
5%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,204,383
$262,964
-88%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$626,272
$639,530
+2%
Other
-$124,763
$84,535
-168%
Total Revenues
$2,705,892
$987,029
-64%
Expenses
2023
2024
Change
Grants
$1,090,547
$982,097
-10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$52,693
$58,632
+11%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$120,762
$98,000
-19%
Total Expenses
$1,264,002
$1,138,729
-10%
Net income
2023
2024
Change
Net income
+$1,441,890
-$151,700
-111%
Functional Expenses
Summary
2023
2024
Change
Program
$1,211,309
$1,080,097
-11%
Admin
$52,693
$58,632
+11%
Fundraising
$0
$0
-
Total Expenses
$1,264,002
$1,138,729
-10%
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