UNIVERSITY OF SOUTH DAKOTA FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$38,209,482
Contributions
55%
Investments
26%
Other
14%
Program Services
4%
Fundraising Events
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$33,858,071
Grants
79%
Salaries & Benefits
13%
Fees to Service Providers
3%
Other
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$16,847,051
$20,917,051
+24%
Government Grants
$0
$0
-
Fundraising Events
$613,633
$603,692
-2%
Program Services
$717,824
$1,425,875
+99%
Membership Dues
$0
$0
-
Investments
$9,475,296
$9,972,510
+5%
Other
$517,998
$5,290,354
+921%
Total Revenues
$28,171,802
$38,209,482
+36%
Expenses
2023
2024
Change
Grants
$24,835,788
$26,600,179
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,768,432
$4,430,086
+18%
Fees to Service Providers
$1,288,674
$1,024,126
-21%
Advertising & Promotion
$450,873
$363,014
-19%
Offices, Occupancy & IT
$447,489
$499,684
+12%
Interest
$0
$0
-
Depreciation
$123,561
$131,002
+6%
Other
$737,724
$809,980
+10%
Total Expenses
$31,652,541
$33,858,071
+7%
Net income
2023
2024
Change
Net income
-$3,480,739
+$4,351,411
-225%
Functional Expenses
Summary
2023
2024
Change
Program
$24,835,788
$26,600,179
+7%
Admin
$3,652,647
$3,907,870
+7%
Fundraising
$3,164,106
$3,350,022
+6%
Total Expenses
$31,652,541
$33,858,071
+7%
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