VMI FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$26,717,885
Contributions
58%
Investments
41%
Other
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$28,632,189
Grants
81%
Fees to Service Providers
11%
Salaries & Benefits
6%
Other
2%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$12,053,980
$15,418,605
+28%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$13,628,001
$10,882,334
-20%
Other
$586,535
$416,946
-29%
Total Revenues
$26,268,516
$26,717,885
+2%
Expenses
2024
2025
Change
Grants
$22,046,593
$23,179,400
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,701,719
$1,682,784
-1%
Fees to Service Providers
$1,811,184
$3,136,474
+73%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$150,911
$91,753
-39%
Interest
$0
$0
-
Depreciation
$9,633
$11,942
+24%
Other
$253,405
$529,836
+109%
Total Expenses
$25,973,445
$28,632,189
+10%
Net income
2024
2025
Change
Net income
+$295,071
-$1,914,304
-749%
Functional Expenses
Summary
2024
2025
Change
Program
$22,440,757
$23,545,359
+5%
Admin
$2,159,201
$3,484,514
+61%
Fundraising
$1,373,487
$1,602,316
+17%
Total Expenses
$25,973,445
$28,632,189
+10%
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