VELA INSTITUTE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,694,893
Program Services
>99%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$1,248,845
Salaries & Benefits
80%
Offices, Occupancy & IT
14%
Other
5%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,166,640
$1,694,893
+45%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$1,166,640
$1,694,893
+45%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$903,797
$1,003,204
+11%
Fees to Service Providers
$2,844
$6,456
+127%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$170,502
$175,292
+3%
Interest
$5,128
$0
-100%
Depreciation
$0
$0
-
Other
$158,026
$63,893
-60%
Total Expenses
$1,240,297
$1,248,845
+1%
Net income
2023
2024
Change
Net income
-$73,657
+$446,048
-706%
Functional Expenses
Summary
2023
2024
Change
Program
$1,191,639
$1,174,817
-1%
Admin
$39,471
$50,548
+28%
Fundraising
$9,187
$23,480
+156%
Total Expenses
$1,240,297
$1,248,845
+1%
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