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HomeMy WebLinkAboutICCompassion Budget 2023 FY23 PL Classes ReportIC Compassion Budget Overview: Budget 2023 - FY23 P&L Classes January - December 2023 Thursday, December 22, 2022 04:36 PM GMT-06:00 1/1 ADMINISTRATION GLOBAL FOOD PROJECT IMMIGRANT RESOURCE CENTER IOWA CITY JABEZ CAFE PROPERTY CONDO NOT SPECIFIED TOTAL Income Donations $0.00 Donations- Churches 12,000.00 2,000.00 2,000.00 $16,000.00 Donations- Individuals 11,000.00 2,000.00 8,000.00 30,000.00 $51,000.00 Donations- Organizations 5,000.00 2,000.00 4,000.00 $11,000.00 Total Donations 28,000.00 6,000.00 14,000.00 30,000.00 $78,000.00 Fundraisers 11,500.00 2,000.00 5,000.00 $18,500.00 Grant 10,000.00 86,960.00 5,000.00 4,000.00 15,000.00 $120,960.00 Immigration Fees 35,000.00 $35,000.00 Billable Expense Income 3,000.00 $3,000.00 Total Immigration Fees 38,000.00 $38,000.00 Rental Income 6,000.00 $6,000.00 Total Income $38,000.00 $98,460.00 $43,000.00 $12,000.00 $34,000.00 $6,000.00 $30,000.00 $261,460.00 GROSS PROFIT $38,000.00 $98,460.00 $43,000.00 $12,000.00 $34,000.00 $6,000.00 $30,000.00 $261,460.00 Expenses Bank Charges 100.00 $100.00 Designated Programs $0.00 COVID Expense 100.00 $100.00 IRC Program Expenses 3,000.00 $3,000.00 Program Expenses 6,410.00 3,000.00 30,000.00 $39,410.00 Total Designated Programs 100.00 6,410.00 3,000.00 3,000.00 30,000.00 $42,510.00 Dues & Subscriptions 300.00 $300.00 Facilities & Equipment 20,000.00 1,000.00 6,000.00 $27,000.00 Insurance 3,000.00 1,100.00 $4,100.00 Meals and Entertainment 500.00 $500.00 Office Expenses 5,000.00 $5,000.00 Other General and Admin Expenses 2,000.00 5,000.00 $7,000.00 Payroll Expenses $0.00 Wages 20,000.00 47,850.00 19,000.00 12,000.00 $98,850.00 Total Payroll Expenses 20,000.00 47,850.00 19,000.00 12,000.00 $98,850.00 Professional/Consulting Fees 4,500.00 9,200.00 19,000.00 9,000.00 $41,700.00 Promotional 1,000.00 $1,000.00 Reimbursed Professional 500.00 600.00 $1,100.00 Repair & Maintenance 100.00 $100.00 Supplies 2,200.00 10,000.00 15,000.00 $27,200.00 Training 5,000.00 $5,000.00 Total Expenses $38,000.00 $98,460.00 $43,000.00 $12,000.00 $34,000.00 $6,000.00 $30,000.00 $261,460.00 NET OPERATING INCOME $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NET INCOME $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00