Morgan County Foundation Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$752,679
Contributions
36%
Program Services
21%
Membership Dues
13%
Other
13%
Investments
12%
Government Grants
3%
Fundraising Events
<1%
Expenses in 2024
$868,154
Salaries & Benefits
40%
Other
25%
Offices, Occupancy & IT
17%
Fees to Service Providers
8%
Depreciation
7%
Advertising & Promotion
3%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$161,447
$271,032
+68%
Government Grants
$14,000
$20,500
+46%
Fundraising Events
$3,670
$6,780
+85%
Program Services
$222,950
$161,282
-28%
Membership Dues
$63,695
$101,225
+59%
Investments
$73,172
$91,610
+25%
Other
$1,013,560
$100,250
-90%
Total Revenues
$1,552,494
$752,679
-52%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$350,848
$344,458
-2%
Fees to Service Providers
$41,376
$65,294
+58%
Advertising & Promotion
$37,854
$28,966
-23%
Offices, Occupancy & IT
$123,527
$150,037
+21%
Interest
$4,165
$1,793
-57%
Depreciation
$50,369
$56,792
+13%
Other
$252,701
$220,814
-13%
Total Expenses
$860,840
$868,154
+1%
Net income
2023
2024
Change
Net income
+$691,654
-$115,475
-117%
Functional Expenses
Summary
2023
2024
Change
Program
$603,246
$595,399
-1%
Admin
$165,054
$130,779
-21%
Fundraising
$92,540
$141,976
+53%
Total Expenses
$860,840
$868,154
+1%
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