MARY BALDWIN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$56,662,332
Program Services
87%
Contributions
9%
Government Grants
1%
Investments
1%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$66,070,655
Salaries & Benefits
44%
Grants
28%
Other
10%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Depreciation
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,710,377
$5,350,494
-20%
Government Grants
$1,652,804
$790,285
-52%
Fundraising Events
$0
$0
-
Program Services
$50,582,746
$49,367,383
-2%
Membership Dues
$0
$0
-
Investments
$422,977
$582,636
+38%
Other
$836,131
$571,534
-32%
Total Revenues
$60,205,035
$56,662,332
-6%
Expenses
2023
2024
Change
Grants
$18,796,151
$18,438,864
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,815,987
$29,312,260
+2%
Fees to Service Providers
$7,299,420
$4,634,158
-37%
Advertising & Promotion
$300,094
$276,406
-8%
Offices, Occupancy & IT
$2,934,961
$3,196,555
+9%
Interest
$1,087,610
$1,098,936
+1%
Depreciation
$2,524,388
$2,778,847
+10%
Other
$5,394,309
$6,334,629
+17%
Total Expenses
$67,152,920
$66,070,655
-2%
Net income
2023
2024
Change
Net income
-$6,947,885
-$9,408,323
-35%
Functional Expenses
Summary
2023
2024
Change
Program
$53,945,427
$55,346,692
+3%
Admin
$11,781,772
$9,336,392
-21%
Fundraising
$1,425,721
$1,387,571
-3%
Total Expenses
$67,152,920
$66,070,655
-2%
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