Granite Education Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,797,645
Contributions
87%
Other
12%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,629,503
Grants
58%
Other
20%
Salaries & Benefits
15%
Offices, Occupancy & IT
4%
Fees to Service Providers
1%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,753,643
$4,151,711
+11%
Government Grants
$539,259
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$72,644
$54,667
-25%
Other
-$848
$591,267
-69825%
Total Revenues
$4,364,698
$4,797,645
+10%
Expenses
2023
2024
Change
Grants
$2,932,244
$2,689,964
-8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$805,502
$695,061
-14%
Fees to Service Providers
$8,498
$61,384
+622%
Advertising & Promotion
$0
$262
-
Offices, Occupancy & IT
$270,516
$207,015
-23%
Interest
$0
$0
-
Depreciation
$60,912
$59,904
-2%
Other
$138,869
$915,913
+560%
Total Expenses
$4,216,541
$4,629,503
+10%
Net income
2023
2024
Change
Net income
+$148,157
+$168,142
+13%
Functional Expenses
Summary
2023
2024
Change
Program
$3,788,061
$4,251,505
+12%
Admin
$295,542
$231,055
-22%
Fundraising
$132,938
$146,943
+11%
Total Expenses
$4,216,541
$4,629,503
+10%
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