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                  CouchSurfing International, Inc.

                Income and Expense Statement  2006

 

Income & Expense Statement January 1 - December 31, 2006 (In US Dollars)
Income
4000 · Contributed support	109,654.70
5310 · Interest-banking	19.45
Total Income	109,674.15
Expenses
7210 · Salary	26,687.26
7520 · Accounting Fees	100.00
7525 · Bank Service Fees	3,474.69
7530 · Legal Fees	1,015.62
7540 · Web/ Internet/ Host Fees	2,099.00
7550 · Temporary Help payment	4,600.00
8110 · Supplies	7,142.47
8130 · Telephone & telecommunications	3,477.93
8140 · Postage, shipping, delivery	2,801.09
8160 · Equip rental & maintenance	18,434.18
8210 · Rent, parking, other occupancy	14,126.48
8215 · Building repair and Maintenance	184.17
8220 · Utilities	978.00
8305 · Auto/ Fuel Expense	2,024.50
8310 · Travel	8,481.46
8330 · Meals Groceries	8,622.81
8520 · Insurance - non-employee	851.27
8650 · Taxes	240.06
Total Expenses	105,340.99
Net Income
Total Income	109,674.15
Total Expense	105,340.99
Total Net Income	4333.16

Description of Accounts

CouchSurfing has based its Chart of Accounts on the United Way's Universal Chart of Accounts.  Below is a description of each account type that we use. The number in parenthesis is the tax form and line of the form where these accounts are recorded.

 

Income Accounts

• 4000 · Contributed support (990 line 1a)
  This is all member verifications and donations
• 5310 · Interest-banking (990 line 4 & 95)
  This is all interest earned from the bank account
  

    

Expense Accounts

• 7210 · Salary (990 line 25)
  This is Casey's salary from this period
• 7525 · Bank Service Fees (990 line 31)
  Bank charges including credit card fees for donation and verification, paypal fees, international transaction fees and wire transfer costs.
• 7530 · Legal fees (990 line 32)
  This is the amount that we pay for attorney fees, consulting fees, and document fees
• 7520 · Accounting Fees (990 line 31)

        This is the cost of paying a certified public accountant to file taxes on behalf of Couchsurfing

• 7540 · Web/Internet/ Host Fees (990 line 43)
  This is the cost of web hosting, search engine, domain name charges, etc.
• 7550 · Temporary Help- contract (990 line 43)
  This is the cost of hiring someone on a temporary basis
• 8110 · Supplies (990 line 33)
  Supplies needed for service to the community, including office supplies, business cards, computer supplies ie: software, batteries,memory.    It can also include household supplies as needed, light bulbs, paper towels, etc
• 8130 · Telephone & telecommunications (990 line 34)
  This is the cost of cell phones, Internet phones, Internet messaging, Internet connections, wireless communications
• 8140 · Postage, shipping, delivery (990 line 35)
  This is the cost of all postage for mailing verification letters and shipping for any packages
• 8160 · Equip rental & maintenance (990 line 37)
  This is the cost of renting and maintaining our servers
  
• 8210 · Rent, Parking and other occupancy (990 line 36)
  This is rent for housing, storage, parking space, office space
• 8215 · Building Repair and Maintenance (990 line 36)

        The cost of any repair to or in a rented space

• 8220 · Utilities (990 line 36)
  The cost of any and all utilities in a rented office space or residence
• 8305 · Auto/ Fuel Expense (990 line 39)
  This is anything related to any automobile expense, including repairs and maintenance
• 8310 · Travel (990 line 39)
  This is anything to do with travel including air, train, bus, rental cars, meals, cab
• 8330 · Meals/ Groceries expenses (990 line 40)
  This is the cost of all expenses spent on food while at a collective or staff meeting
• 8520 · Insurance, non employee (990 line 43)
  This is any insurance purchased including travel insurance, medical insurance, auto insurance, basically any insurance not employee related
• 8650 · Taxes (990 line 43)
  This includes all taxes not employee or sales tax related