WISCONSIN ALUMNI RESEARCH FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$189,345,562
Other
64%
Investments
25%
Program Services
11%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$219,953,693
Grants
71%
Other
11%
Salaries & Benefits
7%
Fees to Service Providers
4%
Interest
4%
Depreciation
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$91,464
$33,660
-63%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$26,588,651
$20,756,165
-22%
Membership Dues
$0
$0
-
Investments
$48,644,548
$48,059,870
-1%
Other
$65,428,211
$120,495,867
+84%
Total Revenues
$140,752,874
$189,345,562
+35%
Expenses
2024
2025
Change
Grants
$92,080,343
$156,397,427
+70%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,025,215
$16,018,746
0%
Fees to Service Providers
$7,176,711
$9,460,857
+32%
Advertising & Promotion
$49,569
$77,324
+56%
Offices, Occupancy & IT
$3,079,196
$2,629,666
-15%
Interest
$8,019,871
$8,019,000
0%
Depreciation
$3,698,974
$3,736,806
+1%
Other
$25,626,312
$23,613,867
-8%
Total Expenses
$155,756,191
$219,953,693
+41%
Net income
2024
2025
Change
Net income
-$15,003,317
-$30,608,131
-104%
Functional Expenses
Summary
2024
2025
Change
Program
$131,076,975
$193,610,757
+48%
Admin
$24,679,216
$26,342,936
+7%
Fundraising
$0
$0
-
Total Expenses
$155,756,191
$219,953,693
+41%
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