SCIENCE MUSEUM OF MINNESOTA
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$36,132,437
Program Services
46%
Government Grants
39%
Contributions
12%
Investments
3%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$41,038,483
Salaries & Benefits
54%
Depreciation
13%
Other
13%
Fees to Service Providers
10%
Offices, Occupancy & IT
6%
Advertising & Promotion
4%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,396,219
$4,444,339
-69%
Government Grants
$6,324,106
$13,918,829
+120%
Fundraising Events
$0
$0
-
Program Services
$12,913,838
$16,497,596
+28%
Membership Dues
$0
$0
-
Investments
$865,813
$973,417
+12%
Other
$564,626
$298,256
-47%
Total Revenues
$35,064,602
$36,132,437
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,180,201
$22,044,923
+9%
Fees to Service Providers
$4,394,001
$4,179,966
-5%
Advertising & Promotion
$1,927,638
$1,669,370
-13%
Offices, Occupancy & IT
$2,401,131
$2,624,824
+9%
Interest
$470,330
$202,677
-57%
Depreciation
$5,787,475
$5,169,696
-11%
Other
$4,811,515
$5,147,027
+7%
Total Expenses
$39,972,291
$41,038,483
+3%
Net income
2023
2024
Change
Net income
-$4,907,689
-$4,906,046
+0%
Functional Expenses
Summary
2023
2024
Change
Program
$31,959,556
$32,872,274
+3%
Admin
$5,164,319
$4,959,789
-4%
Fundraising
$2,848,416
$3,206,420
+13%
Total Expenses
$39,972,291
$41,038,483
+3%
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