SOUTH COAST BUSINESS EMPLOYMENT CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,428,123
Government Grants
86%
Program Services
14%
Contributions
<1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,292,075
Salaries & Benefits
50%
Benefits to Members
39%
Offices, Occupancy & IT
4%
Other
3%
Fees to Service Providers
3%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Revenues
2023
2024
Change
Contributions
$36,323
$37,302
+3%
Government Grants
$4,948,192
$3,792,177
-23%
Fundraising Events
$0
$0
-
Program Services
$737,473
$598,313
-19%
Membership Dues
$0
$0
-
Investments
$110
$111
+1%
Other
$0
$220
-
Total Revenues
$5,722,098
$4,428,123
-23%
Expenses
2023
2024
Change
Grants
$99,775
$0
-100%
Benefits to Members
$2,485,342
$1,680,213
-32%
Salaries & Benefits
$2,540,492
$2,156,432
-15%
Fees to Service Providers
$76,374
$121,501
+59%
Advertising & Promotion
$77,266
$4,032
-95%
Offices, Occupancy & IT
$147,987
$166,292
+12%
Interest
$630
$2,564
+307%
Depreciation
$26,184
$28,975
+11%
Other
$143,279
$132,066
-8%
Total Expenses
$5,597,329
$4,292,075
-23%
Net income
2023
2024
Change
Net income
+$124,769
+$136,048
+9%
Functional Expenses
Summary
2023
2024
Change
Program
$4,778,966
$3,591,200
-25%
Admin
$818,363
$700,875
-14%
Fundraising
$0
$0
-
Total Expenses
$5,597,329
$4,292,075
-23%
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