UTAH ATHLETIC FOUNDATION
Income Statement
Fiscal Year Start:
May 1
Revenues in 2024
$54,191,388
Contributions
48%
Program Services
44%
Other
5%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$37,318,671
Salaries & Benefits
46%
Other
26%
Depreciation
16%
Offices, Occupancy & IT
10%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$26,761,664
$26,262,528
-2%
Government Grants
$126,000
$90,485
-28%
Fundraising Events
$0
$0
-
Program Services
$22,420,320
$24,002,687
+7%
Membership Dues
$0
$0
-
Investments
$868,136
$1,138,031
+31%
Other
$2,292,583
$2,697,657
+18%
Total Revenues
$52,468,703
$54,191,388
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,504,603
$17,173,134
+11%
Fees to Service Providers
$232,529
$345,975
+49%
Advertising & Promotion
$312,592
$317,954
+2%
Offices, Occupancy & IT
$3,424,302
$3,752,455
+10%
Interest
$0
$0
-
Depreciation
$4,862,066
$5,852,948
+20%
Other
$8,831,101
$9,876,205
+12%
Total Expenses
$33,167,193
$37,318,671
+13%
Net income
2023
2024
Change
Net income
+$19,301,510
+$16,872,717
-13%
Functional Expenses
Summary
2023
2024
Change
Program
$31,298,591
$34,963,692
+12%
Admin
$1,805,633
$2,288,816
+27%
Fundraising
$62,969
$66,163
+5%
Total Expenses
$33,167,193
$37,318,671
+13%
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