MACKINAC ARTS COUNCIL
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$337,378
Contributions
83%
Other
9%
Membership Dues
6%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Program Services
0%
Expenses in 2024
$316,761
Salaries & Benefits
40%
Fees to Service Providers
26%
Other
24%
Offices, Occupancy & IT
5%
Advertising & Promotion
3%
Grants
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$319,087
$280,159
-12%
Government Grants
$17,537
$400
-98%
Fundraising Events
$0
$0
-
Program Services
$4,688
$0
-100%
Membership Dues
$13,257
$21,719
+64%
Investments
$3,579
$6,114
+71%
Other
$0
$28,986
-
Total Revenues
$358,148
$337,378
-6%
Expenses
2023
2024
Change
Grants
$2,962
$4,095
+38%
Benefits to Members
$0
$0
-
Salaries & Benefits
$111,469
$126,279
+13%
Fees to Service Providers
$92,445
$81,757
-12%
Advertising & Promotion
$5,477
$8,087
+48%
Offices, Occupancy & IT
$15,966
$17,232
+8%
Interest
$0
$0
-
Depreciation
$4,719
$2,797
-41%
Other
$88,894
$76,514
-14%
Total Expenses
$321,932
$316,761
-2%
Net income
2023
2024
Change
Net income
+$36,216
+$20,617
-43%
Functional Expenses
Summary
2023
2024
Change
Program
$270,531
$268,104
-1%
Admin
$51,351
$48,657
-5%
Fundraising
$50
$0
-100%
Total Expenses
$321,932
$316,761
-2%
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