Despite this past year’s hardships, the Center of Anna Maria Island was aligned to finish fiscal 2024-25 in the black.
According to the nonprofit’s latest financial report, it was $132,651 in the black through April, with only two months until the July 1 fiscal year end.
From an operations basis, the center had run up a $347,531 deficit through April.
Executive director Christopher Culhane wrote in a June 19 email to The Islander that the nonprofit was “fortunate” for a 2.8% increase in program revenue over fiscal 2023-24 despite a loss of more than $75,000 as a result of last year’s hurricanes.
However, that increase cannot make up for a 3.4% rise in program costs and an 11.6% climb in general and administrative expenses, resulting in the operations deficit.
What turned the tides into the black for the center’s fiscal 2024-25 is its fundraising success.
The nonprofit had raised $1,294,830 in total fundraising revenue through April — a $409,566 increase over what it raised through the same point last year.
With $632,264 in fundraising costs, the center made $662,567 in fundraising income. That amounts to an 84.5% increase from the $359,194 in fundraising income it recorded through last April.
Culhane thanked the island community, which he wrote “stepped up to support the many losses incurred from the hurricanes.”
Between the $347,531 loss from operations and $662,567 gain from fundraising, the nonprofit had $315,035 in net ordinary income through April. That gets whittled down to $132,651 in net income after working in $182,384 in capital expenses.
Culhane wrote that the numbers would continue to change as the center completed other capital improvements — such as roof and scoreboard repairs, field and facility maintenance, as well as new fencing.
Nevertheless, he added that the nonprofit is “awaiting approximately $100,000 in capital income or sponsorship income that should help defer these upcoming projects.”
In the meantime, the center received a $12,500 grant from the Service Club of Manatee County to support its 2025 Summer Camp Scholarship Program.
The SCMC is a “united group of women whose sole purpose is to support children who reside in Manatee County,” according to its website, manateeserviceclub.com.
The scholarship program provides financial assistance to children whose families face economic hardship so they can participate in the nonprofit’s camps.
The camps began the week of June 2.
Some of the specialty camps lined up for this summer include archery, basketball, ceramics, cooking, fishing, jewelry making, skimboarding, volleyball and yoga.
The Summer My Way camp is designed for kids in K-fifth-grade, or ages 5-12, and runs 8 a.m.-6 p.m. weekdays through Aug. 1 — excluding July 4.
The Adventure Time Teen Summer Camp is designed for children headed into sixth- through ninth-grades and features “adventure” trips on Tuesdays and Thursdays.