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VALLEY ECONOMIC DEVELOPMENT PARTNERS INC

VALLEY ECONOMIC DEVELOPMENT PARTNERS INC

Youngstown, OH, US
501(c)(3)
EIN
34-1264163
Regional Funder
funder logo

VALLEY ECONOMIC DEVELOPMENT PARTNERS INC

Youngstown, OH, US
501(c)(3)
EIN
34-1264163
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$7,513,618

Government Grants
54%
Program Services
29%
Contributions
13%
Investments
2%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$2,213,818

Grants
38%
Salaries & Benefits
35%
Other
15%
Fees to Service Providers
4%
Advertising & Promotion
3%
Offices, Occupancy & IT
2%
Interest
2%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$190,000
$981,210
+416%
Government Grants
$6,379,867
$4,080,441
-36%
Fundraising Events
$2,800
$0
-100%
Program Services
$1,548,508
$2,154,870
+39%
Membership Dues
$0
$0
-
Investments
$108,798
$163,446
+50%
Other
-$76,735
$133,651
-274%
Total Revenues
$8,153,238
$7,513,618
-8%
Expenses
2023
2024
Change
Grants
$80,000
$846,100
+958%
Benefits to Members
$0
$0
-
Salaries & Benefits
$727,920
$785,102
+8%
Fees to Service Providers
$114,953
$95,907
-17%
Advertising & Promotion
$41,957
$59,919
+43%
Offices, Occupancy & IT
$30,953
$42,353
+37%
Interest
$29,173
$39,255
+35%
Depreciation
$14,366
$14,366
+0%
Other
$258,179
$330,816
+28%
Total Expenses
$1,297,501
$2,213,818
+71%
Net income
2023
2024
Change
Net income
+$6,855,737
+$5,299,800
-23%
Functional Expenses
Summary
2023
2024
Change
Program
$919,586
$1,964,953
+114%
Admin
$377,915
$248,865
-34%
Fundraising
$0
$0
-
Total Expenses
$1,297,501
$2,213,818
+71%
Income Statement
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