LAKES AREA MUSIC FESTIVAL
LAKES AREA MUSIC FESTIVAL
LAKES AREA MUSIC FESTIVAL
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$1,108,290
Contributions
67%
Program Services
16%
Government Grants
16%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,228,623
Other
37%
Fees to Service Providers
34%
Salaries & Benefits
24%
Advertising & Promotion
4%
Offices, Occupancy & IT
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$751,746
$746,206
-1%
Government Grants
$0
$172,357
-
Fundraising Events
$0
$0
-
Program Services
$4,335
$181,260
+4081%
Membership Dues
$0
$0
-
Investments
$3,182
$6,313
+98%
Other
$118,046
$2,154
-98%
Total Revenues
$877,309
$1,108,290
+26%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$218,995
$291,648
+33%
Fees to Service Providers
$307,467
$420,979
+37%
Advertising & Promotion
$31,787
$43,377
+36%
Offices, Occupancy & IT
$53,971
$16,309
-70%
Interest
$0
$112
-
Depreciation
$0
$0
-
Other
$287,392
$456,198
+59%
Total Expenses
$899,612
$1,228,623
+37%
Net income
2023
2024
Change
Net income
-$22,303
-$120,333
-440%
Functional Expenses
Summary
2023
2024
Change
Program
$698,877
$1,002,931
+44%
Admin
$112,543
$112,893
+0%
Fundraising
$88,192
$112,799
+28%
Total Expenses
$899,612
$1,228,623
+37%
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