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Mayland Community College Foundation Inc

Mayland Community College Foundation Inc

Spruce Pine, NC, US
501(c)(3)
EIN
58-1486405
Single Organization Support
funder logo

Mayland Community College Foundation Inc

Spruce Pine, NC, US
501(c)(3)
EIN
58-1486405
Single Organization Support

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$9,714,655

Government Grants
88%
Contributions
9%
Investments
2%
Other
1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$6,140,652

Grants
96%
Other
3%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,244,008
$849,793
-32%
Government Grants
$92,274
$8,526,258
+9140%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$172,885
$205,358
+19%
Other
$87,774
$133,246
+52%
Total Revenues
$1,596,941
$9,714,655
+508%
Expenses
2023
2024
Change
Grants
$2,080,337
$5,875,383
+182%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$69,909
$65,025
-7%
Advertising & Promotion
$4,520
$8,847
+96%
Offices, Occupancy & IT
$4,280
$4,201
-2%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$292,590
$187,196
-36%
Total Expenses
$2,451,636
$6,140,652
+150%
Net income
2023
2024
Change
Net income
-$854,695
+$3,574,003
-518%
Functional Expenses
Summary
2023
2024
Change
Program
$2,349,793
$6,048,053
+157%
Admin
$57,483
$79,197
+38%
Fundraising
$44,360
$13,402
-70%
Total Expenses
$2,451,636
$6,140,652
+150%
Income Statement
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