Statement of Activities
Year ended June 30, 2024
REVENUE O Government O Corporations
30 %
46 %
$ 16,018,138
$
820,724
O Foundations
$ 6,911,462 $ 10,988,810 $ $232,809 $ 34,971,943
REVENUE
O Other (including investment returns)
O Individuals
1 %
Total Revenue
20 %
3 %
EXPENSES PROGRAM SERVICES O School Support O Curriculum & Instruction
$ 14,438,168 $ 5,638,381 $ 11,448,931 $ 31,525,480
2 %
12 %
O Systems & Data
Subtotal Program Services
31 %
39 %
SUPPORTING SERVICES O Management and General
EXPENSES
$ 4,344,529
O Fundraising
$
875,728
Subtotal Supporting Services
$ 5,220,257
15 %
Total Expenses
$ 36,745,737
NET ASSETS Beginning of Year
$ 52,242,645 $ (1,773,794) $ 50,468,851
Change in Net Assets
End of Year
In accordance with generally accepted accounting principles, New Visions records contributions as revenue in the year in which they are committed even if the funds are not received. Expenditures are recorded in the year in which they are incurred.
20
21
Made with FlippingBook Ebook Creator