Marine Technology Society Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$6,126,460
Program Services
35%
Government Grants
26%
Contributions
22%
Other
14%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$5,152,646
Other
38%
Salaries & Benefits
35%
Fees to Service Providers
14%
Grants
8%
Offices, Occupancy & IT
5%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$1,044,746
$1,328,442
+27%
Government Grants
$1,169,281
$1,622,154
+39%
Fundraising Events
$0
$0
-
Program Services
$2,678,719
$2,145,983
-20%
Membership Dues
$0
$0
-
Investments
$170,432
$191,016
+12%
Other
$303,924
$838,865
+176%
Total Revenues
$5,367,102
$6,126,460
+14%
Expenses
2024
2025
Change
Grants
$401,428
$428,318
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,292,292
$1,807,869
+40%
Fees to Service Providers
$853,488
$696,955
-18%
Advertising & Promotion
$3,091
$7,739
+150%
Offices, Occupancy & IT
$223,439
$267,300
+20%
Interest
$0
$0
-
Depreciation
$11,996
$3,480
-71%
Other
$1,911,623
$1,940,985
+2%
Total Expenses
$4,697,357
$5,152,646
+10%
Net income
2024
2025
Change
Net income
+$669,745
+$973,814
+45%
Functional Expenses
Summary
2024
2025
Change
Program
$3,941,009
$4,299,240
+9%
Admin
$756,348
$853,406
+13%
Fundraising
$0
$0
-
Total Expenses
$4,697,357
$5,152,646
+10%
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