THE SEED FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,388,815
Program Services
58%
Contributions
39%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$5,677,046
Salaries & Benefits
62%
Other
14%
Fees to Service Providers
11%
Grants
6%
Offices, Occupancy & IT
4%
Interest
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,985,598
$2,077,959
-58%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$2,740,193
$3,148,364
+15%
Membership Dues
$0
$0
-
Investments
$39,991
$162,492
+306%
Other
$0
$0
-
Total Revenues
$7,765,782
$5,388,815
-31%
Expenses
2023
2024
Change
Grants
$580,373
$344,624
-41%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,135,074
$3,545,185
+13%
Fees to Service Providers
$733,065
$621,892
-15%
Advertising & Promotion
$18,154
$31,491
+73%
Offices, Occupancy & IT
$240,011
$243,316
+1%
Interest
$34,600
$61,857
+79%
Depreciation
$21,444
$25,689
+20%
Other
$710,453
$802,992
+13%
Total Expenses
$5,473,174
$5,677,046
+4%
Net income
2023
2024
Change
Net income
+$2,292,608
-$288,231
-113%
Functional Expenses
Summary
2023
2024
Change
Program
$4,772,174
$4,897,013
+3%
Admin
$335,841
$361,520
+8%
Fundraising
$365,159
$418,513
+15%
Total Expenses
$5,473,174
$5,677,046
+4%
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