COLLEGEBOUND FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$21,717,252
Contributions
73%
Government Grants
11%
Investments
6%
Program Services
6%
Other
4%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$7,270,211
Salaries & Benefits
53%
Grants
26%
Other
12%
Fees to Service Providers
4%
Offices, Occupancy & IT
4%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,143,103
$15,896,826
+209%
Government Grants
$2,046,457
$2,415,016
+18%
Fundraising Events
$39,750
$103,693
+161%
Program Services
$0
$1,203,820
-
Membership Dues
$0
$0
-
Investments
$924,663
$1,288,667
+39%
Other
$471,876
$809,230
+71%
Total Revenues
$8,625,849
$21,717,252
+152%
Expenses
2023
2024
Change
Grants
$1,664,294
$1,902,294
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,292,363
$3,856,841
+17%
Fees to Service Providers
$232,595
$303,031
+30%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$248,315
$296,708
+19%
Interest
$0
$0
-
Depreciation
$47,429
$43,793
-8%
Other
$535,857
$867,544
+62%
Total Expenses
$6,020,853
$7,270,211
+21%
Net income
2023
2024
Change
Net income
+$2,604,996
+$14,447,041
+455%
Functional Expenses
Summary
2023
2024
Change
Program
$4,993,416
$5,960,927
+19%
Admin
$645,775
$770,224
+19%
Fundraising
$381,662
$539,060
+41%
Total Expenses
$6,020,853
$7,270,211
+21%
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