The Center of Anna Maria Island’s fiscal year 2024-25 was a rollercoaster of a year.
Fortunately for the nonprofit, that coaster had enough high points to land it in the black by the end of the July-June year.
Despite struggles caused by hurricanes Helene and Milton last fall, the center finished fiscal 2024-25 $79,022 in the black, according to a financial report.
The fiscal year ended June 30.
It marks the second consecutive fiscal year in which the center has finished with a financial surplus.
Fiscal 2022-23 ended $257,887 in the red.
For fiscal year 2024-25, the nonprofit concluded with $410,033 in total program income, which is similar to the $412,761 recorded the previous year.
Those numbers stayed consistent despite last year’s storms, which resulted in only $10,988.05 in total program income over September and October 2024. The monthly average for total program income was $34,169.39.
While program income remained steady, the center incurred $69,622 more in general and administrative expenses — a 9.1% increase over the previous year.
Fundraising proved to be the backbone of the center’s success in fiscal 2024-25. The nonprofit recorded $1,453,775 in total fundraising revenue, a $362,056 or 33.2% increase over the prior year, thanks in large part to two colossal months.
Last October, in the lead-up to the Rock ‘N’ Support Benefit Concert in November, the center collected $576,121.33 in total fundraising revenue.
Last December, when it hosted the 22nd Annual Lester Family Fun Day and began selling tickets for the Bradenton Gulf Islands Concert Series, the nonprofit collected $385,470.83 in total fundraising revenue.
The $961,592.16 raised over those two months equals more than 88% of the $1,091,719 in total program income it raised over the entirety of fiscal 2023-24.
Due to the strong fundraising numbers, the center finished the year with $262,919 in net ordinary income.
Factoring in $183,896 of capital expenses brings that number to $79,022 in net income for 2024-25.
In an Aug. 22 email to The Islander, executive director Christopher Culhane credited the community for the nonprofit’s success.
“We were fortunate to finish this fiscal year over $79K in the black, despite a significant revenue loss from the hurricanes, thanks to the generous support from the community,” he wrote.
Culhane wrote that the center was now “playing catch-up” on a litany of capital repairs resulting from last year’s storms, including field maintenance and fencing, outdoor scoreboard and roof repairs.