MAUI ECONOMIC DEVELOPMENT BOARD INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$13,315,928
Government Grants
74%
Contributions
17%
Program Services
8%
Membership Dues
<1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Expenses in 2024
$12,964,989
Grants
48%
Other
21%
Salaries & Benefits
16%
Fees to Service Providers
12%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,097,861
$2,216,492
-28%
Government Grants
$2,158,557
$9,833,208
+356%
Fundraising Events
$69,564
$0
-100%
Program Services
$1,195,252
$1,104,165
-8%
Membership Dues
$76,100
$87,300
+15%
Investments
$10,477
$11,761
+12%
Other
$143,281
$63,002
-56%
Total Revenues
$6,751,092
$13,315,928
+97%
Expenses
2023
2024
Change
Grants
$12,000
$6,224,412
+51770%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,768,213
$2,030,105
+15%
Fees to Service Providers
$1,129,645
$1,557,820
+38%
Advertising & Promotion
$190,334
$107,836
-43%
Offices, Occupancy & IT
$277,652
$306,527
+10%
Interest
$0
$0
-
Depreciation
$87,882
$38,010
-57%
Other
$2,202,866
$2,700,279
+23%
Total Expenses
$5,668,592
$12,964,989
+129%
Net income
2023
2024
Change
Net income
+$1,082,500
+$350,939
-68%
Functional Expenses
Summary
2023
2024
Change
Program
$5,490,356
$12,801,847
+133%
Admin
$162,631
$112,859
-31%
Fundraising
$15,605
$50,283
+222%
Total Expenses
$5,668,592
$12,964,989
+129%
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