Colorado Enterprise Fund
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$24,012,822
Government Grants
42%
Contributions
32%
Program Services
23%
Investments
4%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,173,847
Salaries & Benefits
35%
Grants
25%
Other
24%
Fees to Service Providers
7%
Offices, Occupancy & IT
6%
Interest
4%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,085,042
$7,601,527
+601%
Government Grants
$11,051,909
$10,087,107
-9%
Fundraising Events
$0
$0
-
Program Services
$5,800,275
$5,449,598
-6%
Membership Dues
$0
$0
-
Investments
$285,542
$869,748
+205%
Other
$46,344
$4,842
-90%
Total Revenues
$18,269,112
$24,012,822
+31%
Expenses
2023
2024
Change
Grants
$1,600,077
$3,252,816
+103%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,987,682
$4,595,032
+15%
Fees to Service Providers
$1,569,174
$890,119
-43%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$571,880
$729,653
+28%
Interest
$576,051
$502,986
-13%
Depreciation
$51,307
$68,165
+33%
Other
$2,449,721
$3,135,076
+28%
Total Expenses
$10,805,892
$13,173,847
+22%
Net income
2023
2024
Change
Net income
+$7,463,220
+$10,838,975
+45%
Functional Expenses
Summary
2023
2024
Change
Program
$8,584,606
$10,765,903
+25%
Admin
$1,889,490
$2,169,537
+15%
Fundraising
$331,796
$238,407
-28%
Total Expenses
$10,805,892
$13,173,847
+22%
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