FY24 FINANCIAL REPORT OUR FINANCIAL OVERVIEW Oakland Promise is dedicated to transparency and reinvesting in our community by building partnerships with local businesses and organizations to amplify our impact. By prioritizing program support and strategic partnerships, we ensure that resources go directly toward uplifting Oakland’s youth and families.
EXPENSE BREAKDOWN ($16.41M)
INVESTMENT FEES
$427,399
ORGANIZATIONAL PARTNERSHIPS
PROGRAMMATIC & ADMIN PERSONNEL COSTS
$3,071,233
$6,230,532
19%
38%
SCHOLARSHIP & DIRECT TO FAMILY PAYMENTS
22%
$3,605,916
OTHER NON DIRECT EXPENSES OCCUPANCY, MISCELLANEOUS
5%
REVENUE BREAKDOWN ($18.09M)
7% 6%
GOVERNMENT GRANTS STATE, LOCAL & FEDERAL
PROGRAM, OPERATIONAL AND OUTREACH EXPENSES
$822,962
INDIVIDUAL CONTRIBUTIONS
EVALUATION & CONSULTANTS
$10,775,552
$1,158,722
$3,960,337
$1,098,081
22%
OTHER REVENUE SPECIAL EVENTS, CORPORATE SUPPORT
GROWTH OF ORGANIZATIONAL PARTNERSHIPS Through our annual RFP process, our investment in small and local businesses continues to grow to build our collective impact.
$3,553,643
$280,921
14%
60%
FOUNDATION CONTRIBUTIONS
$3,071,233
$2,518,240
INVESTMENT/INTEREST
$2,108,645
$543,748
PROGRAM VS. ADMINISTRATIVE COSTS ($16.41M)
PROGRAMMATIC $12,669,315
77%
$411,627
ADMINISTRATIVE $3,745,530
23%
FY22
FY23
FY24
FY25 (Projected)
24 | OAKLAND PROMISE
2024 ANNUAL REPORT | 25
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