NC STATE ENGINEERING FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$38,468,647
Contributions
88%
Other
10%
Investments
2%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$11,619,430
Grants
54%
Other
35%
Salaries & Benefits
8%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$9,508,022
$33,717,539
+255%
Government Grants
$0
$0
-
Fundraising Events
$6,400
$0
-100%
Program Services
$73,366
$7,898
-89%
Membership Dues
$0
$0
-
Investments
$788,133
$817,849
+4%
Other
$3,351,663
$3,925,361
+17%
Total Revenues
$13,727,584
$38,468,647
+180%
Expenses
2024
2025
Change
Grants
$6,125,955
$6,266,168
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$656,352
$953,480
+45%
Fees to Service Providers
$98,902
$174,503
+76%
Advertising & Promotion
$104,235
$64,371
-38%
Offices, Occupancy & IT
$433,791
$110,284
-75%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$9,836,862
$4,050,624
-59%
Total Expenses
$17,256,097
$11,619,430
-33%
Net income
2024
2025
Change
Net income
-$3,528,513
+$26,849,217
-861%
Functional Expenses
Summary
2024
2025
Change
Program
$16,101,524
$10,018,923
-38%
Admin
$87,500
$87,500
+0%
Fundraising
$1,067,073
$1,513,007
+42%
Total Expenses
$17,256,097
$11,619,430
-33%
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