BAYONNE ECONOMIC OPPORTUNITY FOUNDATION
Income Statement
Fiscal Year Start:
Feb 1
Revenues in 2025
$5,402,463
Government Grants
94%
Program Services
4%
Contributions
1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$5,482,179
Other
67%
Salaries & Benefits
21%
Fees to Service Providers
9%
Offices, Occupancy & IT
2%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$60,121
$57,597
-4%
Government Grants
$4,400,044
$5,101,593
+16%
Fundraising Events
$18,000
$0
-100%
Program Services
$220,000
$220,000
+0%
Membership Dues
$0
$0
-
Investments
$95
$4,955
+5116%
Other
-$11,677
$18,318
-257%
Total Revenues
$4,686,583
$5,402,463
+15%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,731,494
$1,169,848
-69%
Fees to Service Providers
$480,541
$497,014
+3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$79,607
$85,188
+7%
Interest
$0
$36,659
-
Depreciation
$40,663
$40,660
0%
Other
$927,212
$3,652,810
+294%
Total Expenses
$5,259,517
$5,482,179
+4%
Net income
2024
2025
Change
Net income
-$572,934
-$79,716
+86%
Functional Expenses
Summary
2024
2025
Change
Program
$4,202,656
$4,492,653
+7%
Admin
$1,033,337
$983,725
-5%
Fundraising
$23,524
$5,801
-75%
Total Expenses
$5,259,517
$5,482,179
+4%
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