STAR OF THE SEA FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,356,403
Contributions
82%
Government Grants
13%
Fundraising Events
2%
Program Services
1%
Other
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$4,545,895
Grants
74%
Salaries & Benefits
16%
Other
5%
Depreciation
4%
Interest
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$3,137,800
$3,584,160
+14%
Government Grants
$820,078
$569,125
-31%
Fundraising Events
$35,000
$82,900
+137%
Program Services
$48,558
$60,411
+24%
Membership Dues
$0
$0
-
Investments
$29,108
$22,476
-23%
Other
$90,475
$37,331
-59%
Total Revenues
$4,161,019
$4,356,403
+5%
Expenses
2023
2024
Change
Grants
$2,760,754
$3,344,218
+21%
Benefits to Members
$0
$0
-
Salaries & Benefits
$692,589
$708,989
+2%
Fees to Service Providers
$37,995
$35,713
-6%
Advertising & Promotion
$10,539
$8,545
-19%
Offices, Occupancy & IT
$0
$0
-
Interest
$65,545
$37,298
-43%
Depreciation
$137,031
$165,489
+21%
Other
$279,501
$245,643
-12%
Total Expenses
$3,983,954
$4,545,895
+14%
Net income
2023
2024
Change
Net income
+$177,065
-$189,492
-207%
Functional Expenses
Summary
2023
2024
Change
Program
$3,727,102
$4,279,136
+15%
Admin
$172,656
$182,324
+6%
Fundraising
$84,196
$84,435
+0%
Total Expenses
$3,983,954
$4,545,895
+14%
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