LAKE-SUMTER STATE COLLEGE FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,518,258
Other
50%
Contributions
35%
Investments
14%
Fundraising Events
1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,492,102
Grants
83%
Fees to Service Providers
12%
Other
4%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,615,949
$1,957,257
-25%
Government Grants
$0
$0
-
Fundraising Events
$110,889
$61,066
-45%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$645,792
$750,694
+16%
Other
$700,617
$2,749,241
+292%
Total Revenues
$4,073,247
$5,518,258
+35%
Expenses
2023
2024
Change
Grants
$2,043,752
$2,069,311
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$213,791
$291,777
+36%
Advertising & Promotion
$0
$1,508
-
Offices, Occupancy & IT
$45,675
$27,087
-41%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$108,700
$102,419
-6%
Total Expenses
$2,411,918
$2,492,102
+3%
Net income
2023
2024
Change
Net income
+$1,661,329
+$3,026,156
+82%
Functional Expenses
Summary
2023
2024
Change
Program
$2,043,752
$2,069,311
+1%
Admin
$365,882
$422,791
+16%
Fundraising
$2,284
$0
-100%
Total Expenses
$2,411,918
$2,492,102
+3%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)