UNIVERSITY OF MEMPHIS FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$40,949,256
Contributions
71%
Program Services
13%
Investments
13%
Other
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$22,804,922
Grants
95%
Salaries & Benefits
3%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Other
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$43,126,201
$29,105,214
-33%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$5,341,618
-
Membership Dues
$0
$0
-
Investments
$3,790,462
$5,208,880
+37%
Other
$724,416
$1,293,544
+79%
Total Revenues
$47,641,079
$40,949,256
-14%
Expenses
2023
2024
Change
Grants
$12,684,362
$21,569,885
+70%
Benefits to Members
$0
$0
-
Salaries & Benefits
$485,556
$698,840
+44%
Fees to Service Providers
$537,142
$422,656
-21%
Advertising & Promotion
$2,723
$0
-100%
Offices, Occupancy & IT
$87,402
$74,723
-15%
Interest
$232,439
$0
-100%
Depreciation
$0
$2,644
-
Other
$18,752,374
$36,174
-100%
Total Expenses
$32,781,998
$22,804,922
-30%
Net income
2023
2024
Change
Net income
+$14,859,081
+$18,144,334
+22%
Functional Expenses
Summary
2023
2024
Change
Program
$31,480,203
$21,583,011
-31%
Admin
$1,301,795
$1,221,911
-6%
Fundraising
$0
$0
-
Total Expenses
$32,781,998
$22,804,922
-30%
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