OCEANS INITIATIVE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$864,560
Contributions
95%
Government Grants
5%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$909,191
Salaries & Benefits
56%
Fees to Service Providers
17%
Other
14%
Depreciation
4%
Offices, Occupancy & IT
3%
Grants
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$289,187
$820,988
+184%
Government Grants
$566,679
$43,179
-92%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$393
-
Other
$6,000
$0
-100%
Total Revenues
$861,866
$864,560
+0%
Expenses
2023
2024
Change
Grants
$0
$24,874
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$534,293
$512,843
-4%
Fees to Service Providers
$177,254
$155,555
-12%
Advertising & Promotion
$3,475
$2,467
-29%
Offices, Occupancy & IT
$51,413
$31,693
-38%
Interest
$14,759
$19,307
+31%
Depreciation
$56,742
$37,765
-33%
Other
$280,202
$124,687
-56%
Total Expenses
$1,118,138
$909,191
-19%
Net income
2023
2024
Change
Net income
-$256,272
-$44,631
+83%
Functional Expenses
Summary
2023
2024
Change
Program
$711,882
$720,973
+1%
Admin
$375,704
$172,205
-54%
Fundraising
$30,552
$16,013
-48%
Total Expenses
$1,118,138
$909,191
-19%
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