FAIRVOTE MINNESOTA FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$397,347
Contributions
96%
Government Grants
4%
Other
<1%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$498,798
Salaries & Benefits
58%
Fees to Service Providers
23%
Other
10%
Offices, Occupancy & IT
8%
Interest
2%
Depreciation
<1%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$467,303
$379,891
-19%
Government Grants
$190,174
$16,138
-92%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3,279
$484
-85%
Other
$25
$834
+3236%
Total Revenues
$660,781
$397,347
-40%
Expenses
2023
2024
Change
Grants
$5,250
$150
-97%
Benefits to Members
$0
$0
-
Salaries & Benefits
$333,603
$287,203
-14%
Fees to Service Providers
$191,793
$113,234
-41%
Advertising & Promotion
$20,107
$0
-100%
Offices, Occupancy & IT
$55,654
$37,528
-33%
Interest
$1,930
$11,828
+513%
Depreciation
$1,227
$544
-56%
Other
$32,308
$48,311
+50%
Total Expenses
$641,872
$498,798
-22%
Net income
2023
2024
Change
Net income
+$18,909
-$101,451
-637%
Functional Expenses
Summary
2023
2024
Change
Program
$507,159
$373,807
-26%
Admin
$75,799
$48,506
-36%
Fundraising
$58,914
$76,485
+30%
Total Expenses
$641,872
$498,798
-22%
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