Income Statement 12/31/2018
Pro-Forma Summary Income Statement | |||
For the Period Ended: | December 31, 2018 | ||
Whole $'s | |||
Year to Date Actual | Year to Date Budget | Year to Date Variance | |
Revenues | |||
Donations | 144,804 | 162,500 | (17,696) |
Fundraising Events | 14,288 | 12,500 | 1,788 |
Program Distribution (Royalties) | 199 | - | 199 |
Underwriting | 18,663 | 36,000 | (17,338) |
Underwriting Trades | 3,939 | 8,000 | (4,061) |
CPB Unrestricted Grants | 48,299 | 48,000 | 299 |
CPB Restricted Grants | 12,983 | 13,000 | (17) |
Other Grants | 9,788 | 10,000 | (212) |
Total Revenues | 252,961 | 290,000 | (37,039) |
Expenses | |||
Advertising | 1,390 | 1,375 | (15) |
Bank & Finance Charges | 3,331 | 4,260 | 929 |
Board of Directors | 1,996 | 1,875 | (121) |
Equipment & Supplies | 4,908 | 6,750 | 1,842 |
Dues & Subscriptions | 18,085 | 17,358 | (727) |
Equipment Rental | 1,821 | 2,750 | 929 |
Fundraising | 8,857 | 11,240 | 2,383 |
Insurance | 6,257 | 6,014 | (243) |
Interest Expense | 1,380 | 1,250 | (130) |
Legal & Professional Fees | 20,052 | 6,402 | (13,651) |
Miscellaneous | 26 | 68 | 42 |
Employee Wages | 136,445 | 154,499 | 18,054 |
Employee Benefits | 9,194 | 13,989 | 4,794 |
Postage & Delivery | 1,000 | 3,473 | 2,473 |
Premiums & Incentives | 2,229 | 2,000 | (229) |
Programming | 20,047 | 19,836 | (211) |
Rent | 15,482 | 14,464 | (1,018) |
Repairs & Maintenance | 272 | 150 | (122) |
Telephone, Internet & ISDN | 16,549 | 15,250 | (1,299) |
Travel & Enterrtainment | 957 | 2,250 | 1,293 |
Utilities | 3,891 | 4,250 | 359 |
Total Expenses | 274,170 | 289,500 | 15,331 |
Net Surplus / Deficit | (21,208) | 500 | (21,708) |