THE VII FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,837,999
Contributions
94%
Program Services
6%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$2,380,115
Fees to Service Providers
43%
Grants
20%
Salaries & Benefits
16%
Other
16%
Offices, Occupancy & IT
3%
Depreciation
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,151,161
$1,730,784
+50%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$20,428
$103,380
+406%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$300
$3,835
+1178%
Total Revenues
$1,171,889
$1,837,999
+57%
Expenses
2023
2024
Change
Grants
$505,897
$470,092
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$370,694
$390,419
+5%
Fees to Service Providers
$451,099
$1,022,501
+127%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$54,592
$75,557
+38%
Interest
$0
$0
-
Depreciation
$39,551
$39,705
+0%
Other
$489,269
$381,841
-22%
Total Expenses
$1,911,102
$2,380,115
+25%
Net income
2023
2024
Change
Net income
-$739,213
-$542,116
+27%
Functional Expenses
Summary
2023
2024
Change
Program
$1,538,557
$1,955,545
+27%
Admin
$171,813
$271,672
+58%
Fundraising
$200,732
$152,898
-24%
Total Expenses
$1,911,102
$2,380,115
+25%
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