UNIVERSITY OF LA VERNE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$214,416,236
Program Services
91%
Investments
4%
Other
2%
Government Grants
2%
Contributions
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$212,971,934
Salaries & Benefits
39%
Grants
34%
Fees to Service Providers
8%
Offices, Occupancy & IT
7%
Other
5%
Depreciation
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,283,741
$2,604,773
+14%
Government Grants
$17,538,085
$3,967,093
-77%
Fundraising Events
$554,646
$60,975
-89%
Program Services
$183,466,993
$195,695,832
+7%
Membership Dues
$0
$0
-
Investments
$5,771,141
$7,559,848
+31%
Other
$584,341
$4,527,715
+675%
Total Revenues
$210,198,947
$214,416,236
+2%
Expenses
2023
2024
Change
Grants
$64,103,292
$72,954,642
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$84,644,710
$83,100,159
-2%
Fees to Service Providers
$18,687,593
$17,023,806
-9%
Advertising & Promotion
$1,497,765
$881,496
-41%
Offices, Occupancy & IT
$13,843,817
$13,965,026
+1%
Interest
$4,939,742
$4,862,927
-2%
Depreciation
$9,835,750
$10,011,263
+2%
Other
$12,754,322
$10,172,615
-20%
Total Expenses
$210,306,991
$212,971,934
+1%
Net income
2023
2024
Change
Net income
-$108,044
+$1,444,302
-1437%
Functional Expenses
Summary
2023
2024
Change
Program
$170,426,802
$172,284,812
+1%
Admin
$36,107,249
$37,556,643
+4%
Fundraising
$3,772,940
$3,130,479
-17%
Total Expenses
$210,306,991
$212,971,934
+1%
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