ARTS COUNCIL OF THE MORRIS AREA
ARTS COUNCIL OF THE MORRIS AREA
ARTS COUNCIL OF THE MORRIS AREA
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,288,317
Contributions
38%
Government Grants
29%
Other
17%
Program Services
15%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,333,825
Salaries & Benefits
42%
Other
24%
Fees to Service Providers
24%
Grants
10%
Advertising & Promotion
<1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$376,502
$484,361
+29%
Government Grants
$374,193
$371,020
-1%
Fundraising Events
$0
$0
-
Program Services
$158,341
$190,615
+20%
Membership Dues
$0
$0
-
Investments
$25,086
$23,655
-6%
Other
$158,661
$218,666
+38%
Total Revenues
$1,092,783
$1,288,317
+18%
Expenses
2023
2024
Change
Grants
$121,900
$127,900
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$592,045
$558,558
-6%
Fees to Service Providers
$276,841
$315,534
+14%
Advertising & Promotion
$6,767
$6,791
+0%
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$101
-
Depreciation
$4,917
$6,681
+36%
Other
$339,989
$318,260
-6%
Total Expenses
$1,342,459
$1,333,825
-1%
Net income
2023
2024
Change
Net income
-$249,676
-$45,508
+82%
Functional Expenses
Summary
2023
2024
Change
Program
$1,057,934
$1,076,470
+2%
Admin
$203,980
$160,086
-22%
Fundraising
$80,545
$97,269
+21%
Total Expenses
$1,342,459
$1,333,825
-1%
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