SOUTHERN IOWA ECONOMIC DEVELOPMENT ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,708,285
Government Grants
82%
Contributions
11%
Program Services
6%
Other
<1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$12,492,031
Salaries & Benefits
49%
Grants
26%
Other
10%
Offices, Occupancy & IT
8%
Fees to Service Providers
7%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,075,107
$1,357,283
+26%
Government Grants
$13,711,914
$10,441,733
-24%
Fundraising Events
$28,031
$19,428
-31%
Program Services
$502,202
$793,290
+58%
Membership Dues
$0
$0
-
Investments
$8,247
$45,159
+448%
Other
$74,691
$51,392
-31%
Total Revenues
$15,400,192
$12,708,285
-17%
Expenses
2023
2024
Change
Grants
$5,598,321
$3,186,819
-43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,122,611
$6,097,438
0%
Fees to Service Providers
$936,449
$905,213
-3%
Advertising & Promotion
$7,738
$2,373
-69%
Offices, Occupancy & IT
$1,241,959
$954,204
-23%
Interest
$15
$1,996
+13207%
Depreciation
$90,540
$86,860
-4%
Other
$1,209,637
$1,257,128
+4%
Total Expenses
$15,207,270
$12,492,031
-18%
Net income
2023
2024
Change
Net income
+$192,922
+$216,254
+12%
Functional Expenses
Summary
2023
2024
Change
Program
$14,560,938
$11,848,375
-19%
Admin
$646,332
$643,656
0%
Fundraising
$0
$0
-
Total Expenses
$15,207,270
$12,492,031
-18%
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