The Tower Foundation of San Jose State University

The Tower Foundation of San Jose State University

San Jose, CA, US
501(c)(3)
EIN
83-0403915
Single Organization Support

The Tower Foundation of San Jose State University

San Jose, CA, US
501(c)(3)
EIN
83-0403915
Single Organization Support

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$40,849,599

Contributions
53%
Other
24%
Investments
13%
Program Services
10%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$26,052,888

Salaries & Benefits
51%
Grants
17%
Offices, Occupancy & IT
9%
Fees to Service Providers
8%
Other
8%
Interest
6%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$16,646,377
$21,495,799
+29%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$5,541,867
$4,020,630
-27%
Membership Dues
$0
$0
-
Investments
$3,861,448
$5,493,600
+42%
Other
$2,499,337
$9,839,570
+294%
Total Revenues
$28,549,029
$40,849,599
+43%
Expenses
2023
2024
Change
Grants
$3,897,924
$4,416,196
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,750,337
$13,381,793
+5%
Fees to Service Providers
$3,032,804
$2,202,731
-27%
Advertising & Promotion
$4,777
$56,121
+1075%
Offices, Occupancy & IT
$2,738,186
$2,262,470
-17%
Interest
$1,048,249
$1,567,055
+49%
Depreciation
$38,138
$50,849
+33%
Other
$3,160,211
$2,115,673
-33%
Total Expenses
$26,670,626
$26,052,888
-2%
Net income
2023
2024
Change
Net income
+$1,878,403
+$14,796,711
+688%
Functional Expenses
Summary
2023
2024
Change
Program
$21,710,124
$21,731,820
+0%
Admin
$4,960,502
$4,321,068
-13%
Fundraising
$0
$0
-
Total Expenses
$26,670,626
$26,052,888
-2%
Income Statement
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