ASHESI UNIVERSITY FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,026,436
Contributions
78%
Investments
12%
Government Grants
10%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,183,102
Grants
71%
Salaries & Benefits
17%
Fees to Service Providers
7%
Other
2%
Offices, Occupancy & IT
2%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$12,642,400
$4,727,437
-63%
Government Grants
$640,598
$600,491
-6%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$580,649
$698,127
+20%
Other
-$24,743
$381
-102%
Total Revenues
$13,838,904
$6,026,436
-56%
Expenses
2023
2024
Change
Grants
$4,057,700
$3,694,608
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$754,697
$877,850
+16%
Fees to Service Providers
$258,540
$371,252
+44%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$67,519
$85,196
+26%
Interest
$36,308
$30,923
-15%
Depreciation
$0
$0
-
Other
$117,723
$123,273
+5%
Total Expenses
$5,292,487
$5,183,102
-2%
Net income
2023
2024
Change
Net income
+$8,546,417
+$843,334
-90%
Functional Expenses
Summary
2023
2024
Change
Program
$4,362,350
$4,106,229
-6%
Admin
$326,183
$413,167
+27%
Fundraising
$603,954
$663,706
+10%
Total Expenses
$5,292,487
$5,183,102
-2%
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