BACONE COLLEGE
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2021
$8,025,593
Program Services
64%
Government Grants
12%
Contributions
12%
Other
11%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2021
$9,129,791
Salaries & Benefits
37%
Other
26%
Grants
20%
Depreciation
12%
Fees to Service Providers
5%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Revenues
2020
2021
Change
Contributions
$780,871
$991,092
+27%
Government Grants
$424,272
$993,916
+134%
Fundraising Events
$0
$0
-
Program Services
$4,526,387
$5,163,824
+14%
Membership Dues
$0
$0
-
Investments
$5,403
$1,970
-64%
Other
$3,561,228
$874,791
-75%
Total Revenues
$9,298,161
$8,025,593
-14%
Expenses
2020
2021
Change
Grants
$1,472,445
$1,834,032
+25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,279,225
$3,339,959
+2%
Fees to Service Providers
$545,181
$481,659
-12%
Advertising & Promotion
$1,065
$0
-100%
Offices, Occupancy & IT
$877,796
$0
-100%
Interest
$0
$5,968
-
Depreciation
$771,970
$1,128,696
+46%
Other
$815,530
$2,339,477
+187%
Total Expenses
$7,763,212
$9,129,791
+18%
Net income
2020
2021
Change
Net income
+$1,534,949
-$1,104,198
-172%
Functional Expenses
Summary
2020
2021
Change
Program
$6,448,115
$4,726,980
-27%
Admin
$876,156
$4,402,811
+403%
Fundraising
$438,941
$0
-100%
Total Expenses
$7,763,212
$9,129,791
+18%
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