Page 52 - TMCF 2024 Annual Report

Thurgood Marshall College Fund and Affiliates
Consolidated Statement of Functional Expenses For the Year Ended December 31, 2023
Program Services
Salaries and fringe benefits
Travel and conferences
Scholarships and awards
Consultants and professionals
Promotion and advertising
Rent 32,928 Technology 669,824 Staff development 201,905 Office expense and supplies 712,186 Miscellaneous 83,377 Insurance 11,263 Bad debt - In-kind expense 7,000,000
Total Expenses $ 64,100,054
See accompanying notes.
Management and General
Supporting Services Development
Total Supporting Services
7,065,533 1,792,333 20,731 1,704,925 464,318 307,934 678,450 198,360 188,259 1,637,973 95,780 2,116,298 -
Total Expenses
$ 13,097,039 10,136,929 36,404,393 5,378,642 1,419,408 340,862 1,348,274 400,265 900,445 1,721,350 107,043 2,116,298 7,000,000
$ 80,370,948
8
$
6,031,506
$
5,852,443 572,050 3,552 989,842 452,607 307,934 606,530 172,611 172,971 1,637,199 95,780 2,116,298 -
$
1,213,090 1,220,283 17,179 715,083 11,711 - 71,920 25,749 15,288 774 - - -
3,291,077
$
8,344,596 36,383,662 3,673,717 955,090
$ 12,979,817
$
$ 16,270,894
52 2024 ANNUAL REPORT