FOUNDATION FOR ACADEMIC ENDEAVORS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$555,780
Contributions
89%
Fundraising Events
7%
Program Services
3%
Investments
2%
Government Grants
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$923,536
Salaries & Benefits
54%
Other
36%
Fees to Service Providers
8%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$964,910
$495,721
-49%
Government Grants
$0
$0
-
Fundraising Events
$32,583
$37,262
+14%
Program Services
$12,655
$14,194
+12%
Membership Dues
$0
$0
-
Investments
$20
$8,603
+42915%
Other
$0
$0
-
Total Revenues
$1,010,168
$555,780
-45%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$503,323
$502,887
0%
Fees to Service Providers
$351,264
$77,614
-78%
Advertising & Promotion
$8,916
$4,149
-53%
Offices, Occupancy & IT
$3,490
$6,062
+74%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$13,730
$332,824
+2324%
Total Expenses
$880,723
$923,536
+5%
Net income
2023
2024
Change
Net income
+$129,445
-$367,756
-384%
Functional Expenses
Summary
2023
2024
Change
Program
$594,603
$687,832
+16%
Admin
$270,602
$222,140
-18%
Fundraising
$15,518
$13,564
-13%
Total Expenses
$880,723
$923,536
+5%
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