OCEAN INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,663,468
Contributions
50%
Program Services
41%
Fundraising Events
4%
Other
2%
Investments
2%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$5,302,374
Salaries & Benefits
47%
Depreciation
18%
Other
17%
Fees to Service Providers
11%
Offices, Occupancy & IT
6%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,799,238
$2,836,089
+58%
Government Grants
$270,386
$3,000
-99%
Fundraising Events
$253,645
$239,263
-6%
Program Services
$1,886,407
$2,348,817
+25%
Membership Dues
$0
$0
-
Investments
$37,807
$98,096
+159%
Other
-$69,925
$138,203
-298%
Total Revenues
$4,177,558
$5,663,468
+36%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,439,339
$2,508,168
+3%
Fees to Service Providers
$544,840
$568,854
+4%
Advertising & Promotion
$26,208
$19,462
-26%
Offices, Occupancy & IT
$299,516
$313,420
+5%
Interest
$22,259
$25,586
+15%
Depreciation
$906,555
$943,072
+4%
Other
$958,084
$923,812
-4%
Total Expenses
$5,196,801
$5,302,374
+2%
Net income
2023
2024
Change
Net income
-$1,019,243
+$361,094
-135%
Functional Expenses
Summary
2023
2024
Change
Program
$3,967,254
$4,082,482
+3%
Admin
$842,156
$934,916
+11%
Fundraising
$387,391
$284,976
-26%
Total Expenses
$5,196,801
$5,302,374
+2%
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