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WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC
WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC
BUFFALO, NY, US
•
501(c)(3)
•
EIN
20-4230463
•
WWW.WEDIBUFFALO.ORG
WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC
BUFFALO, NY, US
•
501(c)(3)
•
EIN
20-4230463
•
WWW.WEDIBUFFALO.ORG
Overview
Programs
990s
Income Statement
Balance Sheet
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Funding
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Grants Received
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Income Statement
Fiscal Year Start:
Jan 1
Revenues in
2024
$2,171,800
Government Grants
69%
Program Services
15%
Other
13%
Contributions
2%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in
2024
$2,183,617
Salaries & Benefits
49%
Other
23%
Fees to Service Providers
10%
Offices, Occupancy & IT
9%
Interest
8%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,123,242
$52,782
-98%
Government Grants
$3,504,676
$1,490,461
-57%
Fundraising Events
$86,578
$14,450
-83%
Program Services
$186,939
$331,763
+77%
Membership Dues
$0
$0
-
Investments
$24,756
$55
-100%
Other
-$7,485
$282,289
-3871%
Total Revenues
$6,918,706
$2,171,800
-69%
Expenses
2023
2024
Change
Grants
$1,763
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,375,970
$1,079,735
-22%
Fees to Service Providers
$297,967
$207,542
-30%
Advertising & Promotion
$4,197
$2,542
-39%
Offices, Occupancy & IT
$175,435
$195,681
+12%
Interest
$200,500
$174,524
-13%
Depreciation
$16,309
$15,711
-4%
Other
$401,396
$507,882
+27%
Total Expenses
$2,473,537
$2,183,617
-12%
Net income
2023
2024
Change
Net income
+$4,445,169
-$11,817
-100%
Functional Expenses
Summary
2023
2024
Change
Program
$1,830,834
$1,578,186
-14%
Admin
$366,005
$425,236
+16%
Fundraising
$276,698
$180,195
-35%
Total Expenses
$2,473,537
$2,183,617
-12%
Income Statement