NC STATE STUDENT AID ASSOCIATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$32,577,617
Contributions
39%
Membership Dues
38%
Program Services
19%
Investments
2%
Other
2%
Fundraising Events
<1%
Government Grants
0%
Expenses in 2024
$30,536,223
Grants
79%
Salaries & Benefits
10%
Other
4%
Depreciation
4%
Fees to Service Providers
1%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$15,231,654
$12,666,437
-17%
Government Grants
$0
$0
-
Fundraising Events
$39,620
$85,700
+116%
Program Services
$6,684,530
$6,281,976
-6%
Membership Dues
$12,643,388
$12,345,953
-2%
Investments
$181,819
$672,559
+270%
Other
$164,196
$524,992
+220%
Total Revenues
$34,945,207
$32,577,617
-7%
Expenses
2023
2024
Change
Grants
$32,212,194
$24,156,933
-25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,581,542
$3,034,636
-34%
Fees to Service Providers
$468,577
$428,357
-9%
Advertising & Promotion
$241,658
$258,845
+7%
Offices, Occupancy & IT
$313,703
$414,099
+32%
Interest
$0
$0
-
Depreciation
$1,111,836
$1,112,191
+0%
Other
$1,087,439
$1,131,162
+4%
Total Expenses
$40,016,949
$30,536,223
-24%
Net income
2023
2024
Change
Net income
-$5,071,742
+$2,041,394
-140%
Functional Expenses
Summary
2023
2024
Change
Program
$38,352,000
$29,013,109
-24%
Admin
$837,987
$805,426
-4%
Fundraising
$826,962
$717,688
-13%
Total Expenses
$40,016,949
$30,536,223
-24%
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