funder logo

CENTRAL LAKES COLLEGE FOUNDATION

CENTRAL LAKES COLLEGE FOUNDATION

BRAINERD, MN, US
501(c)(3)
EIN
23-7007111
Regional Funder
funder logo

CENTRAL LAKES COLLEGE FOUNDATION

BRAINERD, MN, US
501(c)(3)
EIN
23-7007111
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$3,002,200

Contributions
69%
Program Services
20%
Investments
8%
Other
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024

$2,596,566

Grants
67%
Salaries & Benefits
12%
Fees to Service Providers
6%
Offices, Occupancy & IT
5%
Other
4%
Depreciation
3%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,117,324
$2,082,816
-2%
Government Grants
$0
$0
-
Fundraising Events
$0
$9,222
-
Program Services
$580,293
$596,417
+3%
Membership Dues
$0
$0
-
Investments
$293,417
$247,859
-16%
Other
-$338,579
$65,886
-119%
Total Revenues
$2,652,455
$3,002,200
+13%
Expenses
2023
2024
Change
Grants
$1,944,667
$1,749,425
-10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$342,971
$318,756
-7%
Fees to Service Providers
$104,495
$161,503
+55%
Advertising & Promotion
$9,460
$12,514
+32%
Offices, Occupancy & IT
$135,406
$130,156
-4%
Interest
$41,309
$37,234
-10%
Depreciation
$76,044
$77,813
+2%
Other
$99,786
$109,165
+9%
Total Expenses
$2,754,138
$2,596,566
-6%
Net income
2023
2024
Change
Net income
-$101,683
+$405,634
-499%
Functional Expenses
Summary
2023
2024
Change
Program
$2,551,702
$2,378,066
-7%
Admin
$171,514
$184,832
+8%
Fundraising
$30,922
$33,668
+9%
Total Expenses
$2,754,138
$2,596,566
-6%
Income Statement
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