UNIVERSITY ENTERPRISES CORPORATION AT CSUSB
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$53,439,736
Contributions
93%
Program Services
4%
Government Grants
2%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$50,657,761
Salaries & Benefits
51%
Other
20%
Fees to Service Providers
18%
Offices, Occupancy & IT
10%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$49,798,511
-
Government Grants
$40,154,314
$991,983
-98%
Fundraising Events
$0
$0
-
Program Services
$1,731,061
$1,972,706
+14%
Membership Dues
$0
$0
-
Investments
$108,945
$480,848
+341%
Other
$2,221,873
$195,688
-91%
Total Revenues
$44,216,193
$53,439,736
+21%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,191,011
$26,067,973
+17%
Fees to Service Providers
$8,421,502
$8,929,083
+6%
Advertising & Promotion
$10,017
$41,946
+319%
Offices, Occupancy & IT
$3,801,955
$4,883,692
+28%
Interest
$586
$3,794
+547%
Depreciation
$1,615,734
$655,510
-59%
Other
$6,650,119
$10,075,763
+52%
Total Expenses
$42,690,924
$50,657,761
+19%
Net income
2023
2024
Change
Net income
+$1,525,269
+$2,781,975
+82%
Functional Expenses
Summary
2023
2024
Change
Program
$43,070,336
$50,999,572
+18%
Admin
-$379,412
-$341,811
-10%
Fundraising
$0
$0
-
Total Expenses
$42,690,924
$50,657,761
+19%
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