Logo for "BAY AREA COMMUNITY FOUNDATION"

BAY AREA COMMUNITY FOUNDATION

BAY AREA COMMUNITY FOUNDATION

Bay City, MI, US
501(c)3
EIN
38-2418086
DAF Sponsor
Community Foundation
Regional Funder
Logo for "BAY AREA COMMUNITY FOUNDATION"

BAY AREA COMMUNITY FOUNDATION

Bay City, MI, US
501(c)3
EIN
38-2418086
DAF Sponsor
Community Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$5,585,517

Investments
49%
Contributions
46%
Other
5%
Fundraising Events
<1%
Government Grants
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$3,077,345

Grants
64%
Salaries & Benefits
18%
Other
6%
Offices, Occupancy & IT
6%
Fees to Service Providers
4%
Depreciation
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,715,002
$2,558,460
+49%
Government Grants
$431,430
$5,000
-99%
Fundraising Events
$17,067
$22,070
+29%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,417,630
$2,727,111
+92%
Other
$305,151
$272,876
-11%
Total Revenues
$3,886,280
$5,585,517
+44%
Expenses
2023
2024
Change
Grants
$2,162,219
$1,974,675
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$566,434
$552,654
-2%
Fees to Service Providers
$92,836
$125,912
+36%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$217,348
$174,930
-20%
Interest
$0
$0
-
Depreciation
$55,916
$53,733
-4%
Other
$259,201
$195,441
-25%
Total Expenses
$3,353,954
$3,077,345
-8%
Net income
2023
2024
Change
Net income
+$532,326
+$2,508,172
+371%
Functional Expenses
Summary
2023
2024
Change
Program
$2,671,513
$2,394,584
-10%
Admin
$578,490
$587,825
+2%
Fundraising
$103,951
$94,936
-9%
Total Expenses
$3,353,954
$3,077,345
-8%
Income Statement
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