NORMAN ARTS COUNCIL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,180,914
Government Grants
71%
Contributions
18%
Program Services
6%
Other
5%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,057,706
Grants
46%
Salaries & Benefits
23%
Other
14%
Fees to Service Providers
8%
Offices, Occupancy & IT
7%
Advertising & Promotion
2%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$230,969
$209,426
-9%
Government Grants
$412,500
$833,500
+102%
Fundraising Events
$0
$0
-
Program Services
$95,614
$65,915
-31%
Membership Dues
$0
$0
-
Investments
$2,920
$11,477
+293%
Other
$62,764
$60,596
-3%
Total Revenues
$804,767
$1,180,914
+47%
Expenses
2023
2024
Change
Grants
$355,900
$485,789
+36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$218,433
$244,665
+12%
Fees to Service Providers
$2,895
$86,818
+2899%
Advertising & Promotion
$20,864
$18,095
-13%
Offices, Occupancy & IT
$59,828
$69,677
+16%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$156,215
$152,662
-2%
Total Expenses
$814,135
$1,057,706
+30%
Net income
2023
2024
Change
Net income
-$9,368
+$123,208
-1415%
Functional Expenses
Summary
2023
2024
Change
Program
$785,163
$725,500
-8%
Admin
$28,972
$318,455
+999%
Fundraising
$0
$13,751
-
Total Expenses
$814,135
$1,057,706
+30%
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