Maine Development Foundation
Maine Development Foundation
Maine Development Foundation
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,966,802
Government Grants
43%
Program Services
41%
Contributions
16%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$3,002,637
Salaries & Benefits
53%
Grants
19%
Fees to Service Providers
18%
Other
8%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$445,939
$465,208
+4%
Government Grants
$1,460,306
$1,283,704
-12%
Fundraising Events
$0
$0
-
Program Services
$1,217,002
$1,206,358
-1%
Membership Dues
$0
$0
-
Investments
$30,549
$11,532
-62%
Other
$6,504
$0
-100%
Total Revenues
$3,160,300
$2,966,802
-6%
Expenses
2023
2024
Change
Grants
$804,741
$557,301
-31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,633,199
$1,592,674
-2%
Fees to Service Providers
$562,688
$554,341
-1%
Advertising & Promotion
$9,248
$14,873
+61%
Offices, Occupancy & IT
$42,393
$44,925
+6%
Interest
$0
$0
-
Depreciation
$15,646
$9,251
-41%
Other
$293,235
$229,272
-22%
Total Expenses
$3,361,150
$3,002,637
-11%
Net income
2023
2024
Change
Net income
-$200,850
-$35,835
+82%
Functional Expenses
Summary
2023
2024
Change
Program
$2,504,050
$2,179,817
-13%
Admin
$782,675
$716,565
-8%
Fundraising
$74,425
$106,255
+43%
Total Expenses
$3,361,150
$3,002,637
-11%
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