FREEMAN ACADEMY & FREEMAN JUNIOR COLLEGE

FREEMAN ACADEMY & FREEMAN JUNIOR COLLEGE

FREEMAN, SD, US
501(c)(3)
EIN
46-0229820
School

FREEMAN ACADEMY & FREEMAN JUNIOR COLLEGE

FREEMAN, SD, US
501(c)(3)
EIN
46-0229820
School

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$2,323,339

Contributions
45%
Program Services
31%
Other
20%
Investments
4%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024

$2,597,584

Salaries & Benefits
59%
Other
28%
Depreciation
6%
Offices, Occupancy & IT
5%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$950,515
$1,053,052
+11%
Government Grants
$7,050
$0
-100%
Fundraising Events
$0
$5,915
-
Program Services
$854,032
$709,902
-17%
Membership Dues
$0
$0
-
Investments
$40,380
$83,443
+107%
Other
$151,201
$471,027
+212%
Total Revenues
$2,003,178
$2,323,339
+16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,346,102
$1,535,530
+14%
Fees to Service Providers
$8,994
$53,376
+493%
Advertising & Promotion
$607
$68
-89%
Offices, Occupancy & IT
$123,231
$124,289
+1%
Interest
$0
$0
-
Depreciation
$170,634
$166,462
-2%
Other
$671,552
$717,859
+7%
Total Expenses
$2,321,120
$2,597,584
+12%
Net income
2023
2024
Change
Net income
-$317,942
-$274,245
+14%
Functional Expenses
Summary
2023
2024
Change
Program
$2,073,133
$2,344,885
+13%
Admin
$159,191
$141,019
-11%
Fundraising
$88,796
$111,680
+26%
Total Expenses
$2,321,120
$2,597,584
+12%
Income Statement
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