Samford University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$299,656,579
Program Services
84%
Contributions
9%
Investments
3%
Other
3%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$296,580,224
Salaries & Benefits
39%
Grants
30%
Offices, Occupancy & IT
9%
Other
9%
Depreciation
6%
Fees to Service Providers
3%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$20,017,790
$28,406,092
+42%
Government Grants
$4,732,169
$2,480,696
-48%
Fundraising Events
$193,232
$144,077
-25%
Program Services
$234,566,489
$250,489,641
+7%
Membership Dues
$0
$0
-
Investments
$8,735,343
$9,620,690
+10%
Other
$13,307,593
$8,515,383
-36%
Total Revenues
$281,552,616
$299,656,579
+6%
Expenses
2023
2024
Change
Grants
$79,383,499
$89,841,459
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$108,291,039
$116,655,995
+8%
Fees to Service Providers
$9,776,581
$10,256,656
+5%
Advertising & Promotion
$2,046,000
$2,048,516
+0%
Offices, Occupancy & IT
$25,141,918
$26,443,207
+5%
Interest
$8,273,740
$8,303,694
+0%
Depreciation
$16,523,745
$16,683,939
+1%
Other
$21,443,211
$26,346,758
+23%
Total Expenses
$270,879,733
$296,580,224
+9%
Net income
2023
2024
Change
Net income
+$10,672,883
+$3,076,355
-71%
Functional Expenses
Summary
2023
2024
Change
Program
$240,802,686
$264,295,643
+10%
Admin
$26,155,528
$27,639,249
+6%
Fundraising
$3,921,519
$4,645,332
+18%
Total Expenses
$270,879,733
$296,580,224
+9%
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