2023 Annual Report | Growing

Statement of Operations

FY 2023 (July 2022 – June 2023)

FY 2022 (July 2021 – June 2022)

Total Revenue

2023: $5,540,663
2022: $4,979,274

Contributed Income

Total Contributed Income

$3,513,067
$3,481,327

Duke University Allocation

$1,585,400
$1,499,134

Other University Support

$367,878
$321,779

Annual Fund

$939,511
$941,510

Other Projects and Programs

$154,093
$108,001

Transferred in from Prior Years

$465,944
$610,903

Earned Income

Total Earned Income

$2,027,597
$1,497,947

Facility Rentals

$409,111
$ 284,586

Endowment Income

$1,442,238
$1,116,072

Programs and Special Events

$ 176,248
$ 97,289

Total Expenses

2023: $5,540,663
2022: $4,979,274

Expense Breakdown

Salaries and Fringe Benefits

$2,579,646
$2,281,946

Horticultural Operations

$450,018
$414,915

Programs and Special Events

$136,930
$71,710

Marketing and PR

$22,048
$20,209

Development

$101,282
$77,161

Administration

$332,361
$267,641

Occupancy

$536,840
$466,189

Special Projects

$523,874
$558,549

Retained for Future Projects and Programs

$857,663
$820,954

Total Fundraising (cash receipts)

2023: $5,512,572
2022: $3,075,018

Fundraising Breakdown

Current Operations (unrestricted)

$937,501
$903,510

Capital Projects (temporarily restricted)

$3,653,325
$1,349,803

Endowment (permanently restricted)

$921,745
$821,705

2023 Annual Report

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