FUND FOR EDUCATIONAL EXCELLENCE INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$21,294,754
Contributions
70%
Government Grants
15%
Program Services
9%
Investments
6%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$27,361,712
Fees to Service Providers
34%
Salaries & Benefits
29%
Grants
22%
Other
13%
Offices, Occupancy & IT
1%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$16,497,918
$14,894,723
-10%
Government Grants
$3,164,715
$3,196,011
+1%
Fundraising Events
$0
$0
-
Program Services
$2,004,842
$1,999,371
0%
Membership Dues
$0
$0
-
Investments
$664,740
$1,204,649
+81%
Other
$0
$0
-
Total Revenues
$22,332,215
$21,294,754
-5%
Expenses
2023
2024
Change
Grants
$5,858,563
$6,092,287
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,508,388
$7,985,595
+6%
Fees to Service Providers
$7,707,323
$9,314,257
+21%
Advertising & Promotion
$1,436
$8,755
+510%
Offices, Occupancy & IT
$298,952
$316,068
+6%
Interest
$0
$0
-
Depreciation
$131,541
$145,683
+11%
Other
$3,197,979
$3,499,067
+9%
Total Expenses
$24,704,182
$27,361,712
+11%
Net income
2023
2024
Change
Net income
-$2,371,967
-$6,066,958
-156%
Functional Expenses
Summary
2023
2024
Change
Program
$23,673,540
$26,215,886
+11%
Admin
$727,660
$763,625
+5%
Fundraising
$302,982
$382,201
+26%
Total Expenses
$24,704,182
$27,361,712
+11%
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