LAPEER DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$447,578
Program Services
80%
Contributions
9%
Investments
7%
Other
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$337,041
Salaries & Benefits
52%
Other
36%
Advertising & Promotion
6%
Fees to Service Providers
2%
Offices, Occupancy & IT
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$46,100
$41,500
-10%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$304,273
$360,016
+18%
Membership Dues
$0
$0
-
Investments
$28,625
$31,555
+10%
Other
$286
$14,507
+4972%
Total Revenues
$379,284
$447,578
+18%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$199,033
$176,790
-11%
Fees to Service Providers
$21,767
$8,132
-63%
Advertising & Promotion
$31,772
$21,229
-33%
Offices, Occupancy & IT
$22,544
$7,678
-66%
Interest
$0
$0
-
Depreciation
$3,217
$3,217
+0%
Other
$51,796
$119,995
+132%
Total Expenses
$330,129
$337,041
+2%
Net income
2024
2025
Change
Net income
+$49,155
+$110,537
+125%
Functional Expenses
Summary
2024
2025
Change
Program
$248,685
$273,395
+10%
Admin
$81,444
$63,646
-22%
Fundraising
$0
$0
-
Total Expenses
$330,129
$337,041
+2%
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