DAKOTA WESLEYAN UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$29,279,216
Program Services
82%
Contributions
11%
Other
3%
Investments
3%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$32,046,618
Salaries & Benefits
35%
Grants
31%
Other
24%
Depreciation
5%
Offices, Occupancy & IT
5%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,910,224
$3,199,508
-35%
Government Grants
$662,074
$558,915
-16%
Fundraising Events
$0
$0
-
Program Services
$22,381,110
$23,923,442
+7%
Membership Dues
$0
$0
-
Investments
$767,081
$741,412
-3%
Other
$1,063,834
$855,939
-20%
Total Revenues
$29,784,323
$29,279,216
-2%
Expenses
2023
2024
Change
Grants
$9,445,715
$9,937,000
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,232,551
$11,196,543
0%
Fees to Service Providers
$51,342
$53,936
+5%
Advertising & Promotion
$165,442
$145,821
-12%
Offices, Occupancy & IT
$1,555,666
$1,520,398
-2%
Interest
$0
$0
-
Depreciation
$1,687,100
$1,644,959
-2%
Other
$6,223,171
$7,547,961
+21%
Total Expenses
$30,360,987
$32,046,618
+6%
Net income
2023
2024
Change
Net income
-$576,664
-$2,767,402
-380%
Functional Expenses
Summary
2023
2024
Change
Program
$26,207,810
$27,351,274
+4%
Admin
$3,756,125
$4,225,245
+12%
Fundraising
$397,052
$470,099
+18%
Total Expenses
$30,360,987
$32,046,618
+6%
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