USF RESEARCH FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,216,310
Program Services
79%
Investments
21%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$19,010,944
Other
24%
Grants
23%
Depreciation
22%
Offices, Occupancy & IT
22%
Interest
7%
Fees to Service Providers
1%
Salaries & Benefits
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$11,717,917
$13,521,515
+15%
Membership Dues
$0
$0
-
Investments
$3,691,909
$3,694,795
+0%
Other
-$8,944
$0
-100%
Total Revenues
$15,400,882
$17,216,310
+12%
Expenses
2023
2024
Change
Grants
$3,298,798
$4,315,316
+31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$163,972
$170,756
+4%
Fees to Service Providers
$254,951
$279,396
+10%
Advertising & Promotion
$0
$4,162
-
Offices, Occupancy & IT
$3,618,703
$4,165,987
+15%
Interest
$1,343,461
$1,270,932
-5%
Depreciation
$4,599,450
$4,232,438
-8%
Other
$3,268,284
$4,571,957
+40%
Total Expenses
$16,547,619
$19,010,944
+15%
Net income
2023
2024
Change
Net income
-$1,146,737
-$1,794,634
-56%
Functional Expenses
Summary
2023
2024
Change
Program
$15,683,044
$18,050,837
+15%
Admin
$864,575
$960,107
+11%
Fundraising
$0
$0
-
Total Expenses
$16,547,619
$19,010,944
+15%
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