MINNESOTA FREEDOM FUND
MINNESOTA FREEDOM FUND
MINNESOTA FREEDOM FUND
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,158,080
Investments
51%
Program Services
36%
Contributions
14%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$4,033,318
Salaries & Benefits
43%
Other
31%
Fees to Service Providers
12%
Offices, Occupancy & IT
11%
Grants
3%
Depreciation
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$203,568
$158,914
-22%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$141,395
$413,461
+192%
Membership Dues
$0
$0
-
Investments
$410,210
$585,705
+43%
Other
$0
$0
-
Total Revenues
$755,173
$1,158,080
+53%
Expenses
2023
2024
Change
Grants
$455,000
$101,372
-78%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,577,749
$1,723,746
-33%
Fees to Service Providers
$439,598
$479,059
+9%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$472,055
$434,774
-8%
Interest
$0
$0
-
Depreciation
$45,815
$47,077
+3%
Other
$472,698
$1,247,290
+164%
Total Expenses
$4,462,915
$4,033,318
-10%
Net income
2023
2024
Change
Net income
-$3,707,742
-$2,875,238
+22%
Functional Expenses
Summary
2023
2024
Change
Program
$2,206,189
$2,712,749
+23%
Admin
$2,056,068
$1,272,569
-38%
Fundraising
$200,658
$48,000
-76%
Total Expenses
$4,462,915
$4,033,318
-10%
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