GULF SPECIMEN MARINE LABORATORIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,466,019
Program Services
48%
Government Grants
34%
Other
8%
Contributions
7%
Membership Dues
3%
Investments
<1%
Fundraising Events
0%
Expenses in 2024
$1,214,728
Salaries & Benefits
44%
Other
28%
Offices, Occupancy & IT
11%
Depreciation
11%
Fees to Service Providers
4%
Advertising & Promotion
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$71,986
$105,684
+47%
Government Grants
$352,613
$495,234
+40%
Fundraising Events
$0
$0
-
Program Services
$715,712
$703,351
-2%
Membership Dues
$38,815
$48,136
+24%
Investments
$38
$36
-5%
Other
$73,921
$113,578
+54%
Total Revenues
$1,253,085
$1,466,019
+17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$508,953
$528,541
+4%
Fees to Service Providers
$80,555
$51,964
-35%
Advertising & Promotion
$27,256
$26,045
-4%
Offices, Occupancy & IT
$139,632
$134,390
-4%
Interest
$6,708
$5,058
-25%
Depreciation
$122,303
$130,147
+6%
Other
$329,278
$338,583
+3%
Total Expenses
$1,214,685
$1,214,728
+0%
Net income
2023
2024
Change
Net income
+$38,400
+$251,291
+554%
Functional Expenses
Summary
2023
2024
Change
Program
$771,593
$797,078
+3%
Admin
$443,092
$417,117
-6%
Fundraising
$0
$533
-
Total Expenses
$1,214,685
$1,214,728
+0%
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