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FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO

FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO

Cleveland, OH, US
501(c)3
EIN
27-0606927
Fund Raising & Fund Distribution
Regional Funder
funder logo

FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO

Cleveland, OH, US
501(c)3
EIN
27-0606927
Fund Raising & Fund Distribution
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$4,870,990

Government Grants
76%
Contributions
19%
Investments
6%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$6,433,115

Grants
71%
Salaries & Benefits
19%
Fees to Service Providers
5%
Other
3%
Offices, Occupancy & IT
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,484,417
$905,389
-39%
Government Grants
$3,595,250
$3,681,964
+2%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$120,141
$281,637
+134%
Other
$23,001
$2,000
-91%
Total Revenues
$5,222,809
$4,870,990
-7%
Expenses
2023
2024
Change
Grants
$4,998,434
$4,570,927
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,080,442
$1,240,658
+15%
Fees to Service Providers
$240,106
$311,513
+30%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$113,295
$85,206
-25%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$193,087
$224,811
+16%
Total Expenses
$6,625,364
$6,433,115
-3%
Net income
2023
2024
Change
Net income
-$1,402,555
-$1,562,125
-11%
Functional Expenses
Summary
2023
2024
Change
Program
$6,055,329
$5,767,985
-5%
Admin
$423,045
$440,099
+4%
Fundraising
$146,990
$225,031
+53%
Total Expenses
$6,625,364
$6,433,115
-3%
Income Statement
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