BLUE BEAR SCHOOL of MUSIC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,164,278
Program Services
63%
Contributions
17%
Other
17%
Fundraising Events
1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$2,117,472
Salaries & Benefits
63%
Other
14%
Offices, Occupancy & IT
14%
Fees to Service Providers
4%
Depreciation
3%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$231,395
$376,497
+63%
Government Grants
$0
$0
-
Fundraising Events
$0
$31,776
-
Program Services
$1,058,732
$1,363,606
+29%
Membership Dues
$0
$0
-
Investments
$31,488
$19,121
-39%
Other
$138,515
$373,278
+169%
Total Revenues
$1,460,130
$2,164,278
+48%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,192,466
$1,337,029
+12%
Fees to Service Providers
$103,991
$77,957
-25%
Advertising & Promotion
$22,975
$30,778
+34%
Offices, Occupancy & IT
$313,429
$301,346
-4%
Interest
$0
$0
-
Depreciation
$27,133
$66,217
+144%
Other
$138,867
$304,145
+119%
Total Expenses
$1,798,861
$2,117,472
+18%
Net income
2023
2024
Change
Net income
-$338,731
+$46,806
-114%
Functional Expenses
Summary
2023
2024
Change
Program
$1,206,718
$1,637,399
+36%
Admin
$467,694
$339,662
-27%
Fundraising
$124,449
$140,411
+13%
Total Expenses
$1,798,861
$2,117,472
+18%
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