CORNERSTONE FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$857,423
Contributions
>99%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$863,943
Grants
60%
Salaries & Benefits
25%
Other
9%
Depreciation
3%
Fees to Service Providers
2%
Offices, Occupancy & IT
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$790,869
$856,161
+8%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,327
$1,262
-5%
Other
$0
$0
-
Total Revenues
$792,196
$857,423
+8%
Expenses
2023
2024
Change
Grants
$317,794
$518,406
+63%
Benefits to Members
$0
$0
-
Salaries & Benefits
$200,679
$212,723
+6%
Fees to Service Providers
$50,873
$17,474
-66%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$6,722
$10,287
+53%
Interest
$0
$0
-
Depreciation
$32,088
$28,739
-10%
Other
$82,802
$76,314
-8%
Total Expenses
$690,958
$863,943
+25%
Net income
2023
2024
Change
Net income
+$101,238
-$6,520
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$580,816
$745,903
+28%
Admin
$110,142
$118,040
+7%
Fundraising
$0
$0
-
Total Expenses
$690,958
$863,943
+25%
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