UNIVERSITY OF MARY HARDIN-BAYLOR
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$138,565,929
Program Services
89%
Investments
5%
Contributions
5%
Government Grants
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$129,446,162
Salaries & Benefits
39%
Grants
27%
Other
15%
Depreciation
9%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,861,429
$6,992,722
+19%
Government Grants
$607,304
$668,905
+10%
Fundraising Events
$0
$0
-
Program Services
$119,074,277
$123,176,298
+3%
Membership Dues
$0
$0
-
Investments
$7,031,492
$7,609,847
+8%
Other
$73,354
$118,157
+61%
Total Revenues
$132,647,856
$138,565,929
+4%
Expenses
2023
2024
Change
Grants
$30,676,145
$34,552,555
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$49,524,077
$50,962,052
+3%
Fees to Service Providers
$4,413,953
$4,805,515
+9%
Advertising & Promotion
$304,765
$253,545
-17%
Offices, Occupancy & IT
$7,150,728
$7,105,593
-1%
Interest
$1,709,968
$1,099,595
-36%
Depreciation
$11,560,042
$11,759,504
+2%
Other
$15,966,429
$18,907,803
+18%
Total Expenses
$121,306,107
$129,446,162
+7%
Net income
2023
2024
Change
Net income
+$11,341,749
+$9,119,767
-20%
Functional Expenses
Summary
2023
2024
Change
Program
$111,864,463
$117,993,933
+5%
Admin
$6,797,786
$8,560,899
+26%
Fundraising
$2,643,858
$2,891,330
+9%
Total Expenses
$121,306,107
$129,446,162
+7%
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