SOUTHERN NAZARENE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$64,866,082
Program Services
85%
Contributions
8%
Other
5%
Government Grants
2%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$71,635,148
Salaries & Benefits
34%
Grants
23%
Other
19%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Depreciation
5%
Interest
4%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,388,513
$4,986,119
-7%
Government Grants
$1,381,998
$1,295,247
-6%
Fundraising Events
$89,856
$123,686
+38%
Program Services
$52,068,682
$55,369,841
+6%
Membership Dues
$0
$0
-
Investments
$362,526
$106,005
-71%
Other
$3,566,216
$2,985,184
-16%
Total Revenues
$62,857,791
$64,866,082
+3%
Expenses
2023
2024
Change
Grants
$14,774,530
$16,661,249
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,294,520
$24,075,633
-8%
Fees to Service Providers
$4,369,797
$4,415,924
+1%
Advertising & Promotion
$1,193,696
$1,144,935
-4%
Offices, Occupancy & IT
$8,429,834
$5,859,005
-30%
Interest
$3,435,575
$2,569,387
-25%
Depreciation
$3,345,349
$3,397,781
+2%
Other
$10,434,237
$13,511,234
+29%
Total Expenses
$72,277,538
$71,635,148
-1%
Net income
2023
2024
Change
Net income
-$9,419,747
-$6,769,066
+28%
Functional Expenses
Summary
2023
2024
Change
Program
$54,725,348
$55,340,544
+1%
Admin
$16,118,683
$15,336,670
-5%
Fundraising
$1,433,507
$957,934
-33%
Total Expenses
$72,277,538
$71,635,148
-1%
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