MODERN MINDS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,893,715
Contributions
79%
Program Services
21%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$3,820,525
Fees to Service Providers
49%
Salaries & Benefits
23%
Offices, Occupancy & IT
16%
Depreciation
5%
Advertising & Promotion
5%
Other
2%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,895,000
$2,287,994
-41%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$631,816
$604,096
-4%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
-$32,865
$1,625
-105%
Total Revenues
$4,493,951
$2,893,715
-36%
Expenses
2023
2024
Change
Grants
$9,300
$3,573
-62%
Benefits to Members
$0
$0
-
Salaries & Benefits
$514,088
$862,372
+68%
Fees to Service Providers
$2,217,919
$1,859,323
-16%
Advertising & Promotion
$132,460
$191,042
+44%
Offices, Occupancy & IT
$566,038
$606,631
+7%
Interest
$0
$0
-
Depreciation
$192,113
$204,841
+7%
Other
$93,333
$92,743
-1%
Total Expenses
$3,725,251
$3,820,525
+3%
Net income
2023
2024
Change
Net income
+$768,700
-$926,810
-221%
Functional Expenses
Summary
2023
2024
Change
Program
$2,615,424
$3,266,822
+25%
Admin
$1,109,827
$553,703
-50%
Fundraising
$0
$0
-
Total Expenses
$3,725,251
$3,820,525
+3%
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