funder logo

MELMAC EDUCATION FOUNDATION

MELMAC EDUCATION FOUNDATION

Augusta, ME, US
501(c)3
EIN
01-0390854
Private Foundation
Regional Funder
funder logo

MELMAC EDUCATION FOUNDATION

Augusta, ME, US
501(c)3
EIN
01-0390854
Private Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,846,785

Investments
>99%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$2,188,283

Grants
61%
Fees to Service Providers
14%
Salaries & Benefits
12%
Other
11%
Offices, Occupancy & IT
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,445,604
$1,836,289
+27%
Other
$856,554
$10,496
-99%
Total Revenues
$2,302,158
$1,846,785
-20%
Expenses
2023
2024
Change
Grants
$1,883,019
$1,334,532
-29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$246,029
$255,580
+4%
Fees to Service Providers
$370,798
$316,436
-15%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$27,900
$30,619
+10%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$252,255
$251,116
0%
Total Expenses
$2,780,001
$2,188,283
-21%
Net income
2023
2024
Change
Net income
-$477,843
-$341,498
+29%
Income Statement
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