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Appendix B: Profit and Loss YTD Comparison

Income Total (Jan 1 – Dec 2, 2020)
      40110 Corporate Contributions $102,400
      40120 Individual Contributions $97,701
      40130 Foundations/Trusts $346,979
    Total 40100 Direct Public Support $547,080
    40300 Miscellaneous Revenue $1,200
    40400 Interest-Savings, Short-term CD $2,704
  Total 40000 Unrestricted Revenue $550,984
  43000 Temporarily Restricted Revenue $173,000
    43500 Restricted Grants – JP Morgan/Chase $20,000
    43800 Temporarily Restricted – Ford
    43900 Temp. Restricted Foundation / Trusts Grants $351,726
  Total 43000 Temporarily Restricted Revenue $544,726
Total Income $1,095,709
Gross Profit $1,095,709
Expenses Total (Jan 1 – Dec 2, 2020)
  62150 Outside Contract Services $239,795
  60000 Office Expenses Combined $135,570
  63000 Office Rental $106,249
  66000 Salaries, Taxes, 401k $823,123
  66030 Employee Benefits – Health Insurance $49,709
  68000 Dues, Subscriptions and Memberships $15,696
  68100 Website Development & Maintenance $12,848
  68300 Travel and Meetings – Outside Area $19,231
  68310 Conference, Convention, Meeting $10,848
  68320 Travel and Meetings – Local $4,986
  68321 Meals for Fellows & Visitors $16,659
  68322 Travel Stipends $26,155
  69000 Gifts $343
Total Expenses $1,461,213
Net Operating Income ($365,503)
**Net Income ($365,503)

** Pledges are booked in the year they are given. In 2019 we received several multi-year grants that were booked in 2019. This explains the negative amount.

Additionally, we anticipate that our PPP loan of $160,000 will be forgiven in 2021.

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