funder logo

UNIVERSITY OF SOUTH ALABAMA FOUNDATION

UNIVERSITY OF SOUTH ALABAMA FOUNDATION

Mobile, AL, US
501(c)3
EIN
63-6065809
Regional Funder
funder logo

UNIVERSITY OF SOUTH ALABAMA FOUNDATION

Mobile, AL, US
501(c)3
EIN
63-6065809
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$11,339,312

Other
73%
Investments
27%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$20,371,702

Grants
81%
Salaries & Benefits
8%
Other
5%
Fees to Service Providers
5%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$68,985
$11,858
-83%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,926,501
$3,098,432
+6%
Other
$8,856,162
$8,229,022
-7%
Total Revenues
$11,851,648
$11,339,312
-4%
Expenses
2023
2024
Change
Grants
$13,260,154
$16,552,872
+25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,621,853
$1,581,839
-2%
Fees to Service Providers
$850,225
$994,060
+17%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$92,148
$90,906
-1%
Interest
$0
$0
-
Depreciation
$43,786
$47,738
+9%
Other
$1,050,926
$1,104,287
+5%
Total Expenses
$16,919,092
$20,371,702
+20%
Net income
2023
2024
Change
Net income
-$5,067,444
-$9,032,390
-78%
Functional Expenses
Summary
2023
2024
Change
Program
$16,211,433
$19,605,729
+21%
Admin
$679,778
$736,731
+8%
Fundraising
$27,881
$29,242
+5%
Total Expenses
$16,919,092
$20,371,702
+20%
Income Statement
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