LAKESHORE FOUNDATION
LAKESHORE FOUNDATION
LAKESHORE FOUNDATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$11,058,881
Other
63%
Contributions
13%
Program Services
9%
Government Grants
8%
Investments
4%
Fundraising Events
3%
Membership Dues
0%
Expenses in 2024
$12,728,670
Salaries & Benefits
52%
Depreciation
13%
Other
10%
Fees to Service Providers
10%
Offices, Occupancy & IT
9%
Grants
4%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$852,667
$1,408,899
+65%
Government Grants
$1,950,397
$904,210
-54%
Fundraising Events
$122,245
$326,015
+167%
Program Services
$775,276
$977,722
+26%
Membership Dues
$0
$0
-
Investments
$408,226
$485,611
+19%
Other
$6,523,343
$6,956,424
+7%
Total Revenues
$10,632,154
$11,058,881
+4%
Expenses
2023
2024
Change
Grants
$0
$461,708
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,433,648
$6,660,098
+4%
Fees to Service Providers
$1,270,260
$1,231,918
-3%
Advertising & Promotion
$62,773
$164,645
+162%
Offices, Occupancy & IT
$1,200,383
$1,098,880
-8%
Interest
$255,587
$211,603
-17%
Depreciation
$1,556,835
$1,602,443
+3%
Other
$1,479,660
$1,297,375
-12%
Total Expenses
$12,259,146
$12,728,670
+4%
Net income
2023
2024
Change
Net income
-$1,626,992
-$1,669,789
-3%
Functional Expenses
Summary
2023
2024
Change
Program
$9,408,278
$9,852,439
+5%
Admin
$1,957,386
$2,055,161
+5%
Fundraising
$893,482
$821,070
-8%
Total Expenses
$12,259,146
$12,728,670
+4%
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