IOWA COLLEGE FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$2,335,476
Contributions
55%
Program Services
29%
Investments
9%
Other
7%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$2,117,429
Grants
67%
Salaries & Benefits
24%
Other
5%
Fees to Service Providers
4%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$938,100
$1,279,796
+36%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$665,800
$681,440
+2%
Membership Dues
$0
$0
-
Investments
$200,267
$212,442
+6%
Other
$88,493
$161,798
+83%
Total Revenues
$1,892,660
$2,335,476
+23%
Expenses
2024
2025
Change
Grants
$1,302,643
$1,424,051
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$303,976
$497,861
+64%
Fees to Service Providers
$63,598
$81,043
+27%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$21,573
$9,729
-55%
Interest
$0
$0
-
Depreciation
$1,022
$499
-51%
Other
$290,256
$104,246
-64%
Total Expenses
$1,983,068
$2,117,429
+7%
Net income
2024
2025
Change
Net income
-$90,408
+$218,047
-341%
Functional Expenses
Summary
2024
2025
Change
Program
$1,302,643
$1,424,051
+9%
Admin
$424,515
$424,262
0%
Fundraising
$255,910
$269,116
+5%
Total Expenses
$1,983,068
$2,117,429
+7%
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