GREAT LAKES COLLEGES ASSOCIATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,238,706
Other
57%
Program Services
23%
Investments
12%
Contributions
8%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,979,888
Salaries & Benefits
48%
Other
28%
Grants
14%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$54,134
$350,000
+547%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$956,874
$974,595
+2%
Membership Dues
$0
$0
-
Investments
$598,722
$503,545
-16%
Other
$187,968
$2,410,566
+1182%
Total Revenues
$1,797,698
$4,238,706
+136%
Expenses
2023
2024
Change
Grants
$600,117
$281,972
-53%
Benefits to Members
$0
$0
-
Salaries & Benefits
$871,258
$959,116
+10%
Fees to Service Providers
$45,032
$74,796
+66%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$87,875
$104,721
+19%
Interest
$0
$0
-
Depreciation
$11,341
$1,165
-90%
Other
$494,932
$558,118
+13%
Total Expenses
$2,110,555
$1,979,888
-6%
Net income
2023
2024
Change
Net income
-$312,857
+$2,258,818
-822%
Functional Expenses
Summary
2023
2024
Change
Program
$1,733,395
$1,521,549
-12%
Admin
$374,142
$458,339
+23%
Fundraising
$3,018
$0
-100%
Total Expenses
$2,110,555
$1,979,888
-6%
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