Page 40 - TMCF 2023 Annual Report

Thurgood Marshall College Fund and Affiliates
Consolidated Statement of Functional Expenses For the Year Ended December 31, 2023
Program Services
6,031,506
Supporting Services
Management and General
Development
$
Total Expenses
13,097,039 10,136,929 36,404,393
Salaries and fringe benefits Travel and conferences Scholarships and awards Consultants and professionals Promotion and advertising Rent
$
8,344,596 36,383,662 3,673,717 955,090 32,928
$
5,852,443 572,050 3,552 989,842 452,607 307,934
1,213,090 1,220,283 17,179 715,083 11,711 -
$
5,378,642 1,419,408 340,862 Technology 669,824606,53071,9201,348,274
Subscriptions and dues 201,905 Office expense and supplies 601,243 Miscellaneous 83,377 Printing and publications 110,943 Insurance 11,263 Bad debt - In-kind expense 7,000,000
Total Expenses $ 64,100,054
See accompanying notes.
$
172,611
142,223 1,637,199 30,748 95,780 2,116,298 -
12,979,817
$
25,749 5,838 774 9,450 - - -
3,291,077 $
400,265
749,304 1,721,350 151,141 107,043 2,116,298 7,000,000
80,370,948
40
2023 ANNUAL REPORT
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