TROY UNIVERSITY FOUNDATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$15,119,386
Contributions
53%
Investments
18%
Program Services
13%
Other
12%
Government Grants
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$9,442,996
Grants
60%
Other
22%
Fees to Service Providers
13%
Depreciation
3%
Offices, Occupancy & IT
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Revenues
2023
2024
Change
Contributions
$7,298,403
$7,990,812
+9%
Government Grants
$0
$429,435
-
Fundraising Events
$148,034
$132,302
-11%
Program Services
$0
$1,924,571
-
Membership Dues
$0
$0
-
Investments
$2,312,257
$2,752,622
+19%
Other
$6,281,872
$1,889,644
-70%
Total Revenues
$16,040,566
$15,119,386
-6%
Expenses
2023
2024
Change
Grants
$6,238,877
$5,661,267
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$230,400
$1,214,864
+427%
Advertising & Promotion
$15,254
$23,008
+51%
Offices, Occupancy & IT
$101,382
$91,372
-10%
Interest
$52,558
$48,613
-8%
Depreciation
$332,766
$320,127
-4%
Other
$3,005,316
$2,083,745
-31%
Total Expenses
$9,976,553
$9,442,996
-5%
Net income
2023
2024
Change
Net income
+$6,064,013
+$5,676,390
-6%
Functional Expenses
Summary
2023
2024
Change
Program
$8,329,709
$8,249,068
-1%
Admin
$1,359,577
$1,014,044
-25%
Fundraising
$287,267
$179,884
-37%
Total Expenses
$9,976,553
$9,442,996
-5%
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