BERRIEN-CASS-VANBUREN WORKFORCE DEVELOPMENT BOARD INC

BERRIEN-CASS-VANBUREN WORKFORCE DEVELOPMENT BOARD INC

BENTON HARBOR, MI, US
501(c)(3)
EIN
38-3287818

BERRIEN-CASS-VANBUREN WORKFORCE DEVELOPMENT BOARD INC

BENTON HARBOR, MI, US
501(c)(3)
EIN
38-3287818

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$15,887,250

Government Grants
92%
Contributions
7%
Other
<1%
Membership Dues
<1%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Expenses in 2024

$14,195,519

Salaries & Benefits
47%
Other
32%
Grants
9%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,147,350
$1,152,550
-72%
Government Grants
$10,972,760
$14,650,121
+34%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$33,840
-
Investments
$0
$5,372
-
Other
$0
$45,367
-
Total Revenues
$15,120,110
$15,887,250
+5%
Expenses
2023
2024
Change
Grants
$164,436
$1,293,106
+686%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,778,894
$6,618,645
-25%
Fees to Service Providers
$456,038
$758,724
+66%
Advertising & Promotion
$41,890
$46,543
+11%
Offices, Occupancy & IT
$959,612
$873,346
-9%
Interest
$0
$0
-
Depreciation
$131,798
$106,845
-19%
Other
$4,705,814
$4,498,310
-4%
Total Expenses
$15,238,482
$14,195,519
-7%
Net income
2023
2024
Change
Net income
-$118,372
+$1,691,731
-1529%
Functional Expenses
Summary
2023
2024
Change
Program
$13,928,238
$13,381,202
-4%
Admin
$1,310,244
$814,317
-38%
Fundraising
$0
$0
-
Total Expenses
$15,238,482
$14,195,519
-7%
Income Statement
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