Texas A&M University 12th Man Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$95,744,745
Contributions
89%
Program Services
4%
Other
4%
Investments
3%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$115,948,451
Grants
81%
Salaries & Benefits
6%
Other
6%
Advertising & Promotion
4%
Fees to Service Providers
2%
Offices, Occupancy & IT
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$112,934,520
$84,807,782
-25%
Government Grants
$0
$0
-
Fundraising Events
$210,265
$466,268
+122%
Program Services
$2,360,835
$3,832,238
+62%
Membership Dues
$0
$0
-
Investments
$1,688,172
$3,163,618
+87%
Other
$3,829,849
$3,474,839
-9%
Total Revenues
$121,023,641
$95,744,745
-21%
Expenses
2023
2024
Change
Grants
$114,550,900
$93,854,727
-18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,538,473
$7,371,124
+13%
Fees to Service Providers
$2,347,394
$1,818,669
-23%
Advertising & Promotion
$822,525
$4,899,704
+496%
Offices, Occupancy & IT
$1,136,127
$1,169,127
+3%
Interest
$0
$0
-
Depreciation
$414,898
$364,953
-12%
Other
$7,495,007
$6,470,147
-14%
Total Expenses
$133,305,324
$115,948,451
-13%
Net income
2023
2024
Change
Net income
-$12,281,683
-$20,203,706
-65%
Functional Expenses
Summary
2023
2024
Change
Program
$119,331,914
$100,012,602
-16%
Admin
$6,196,722
$5,828,255
-6%
Fundraising
$7,776,688
$10,107,594
+30%
Total Expenses
$133,305,324
$115,948,451
-13%
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