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CouchSurfing International is a Non-Profit organization.

Dept: Finance: Operational Ex...

CouchSurfing International, Inc.

Income and Expense Statement

First Quarter 2008

Income & Expense Statement January 1 - March 31, 2008
Income
4000 • Contributed support 155,616.73
5310 • Interest-banking 740.70
5410 • Non Inventory Sales Commission
193.46
5810 • Special Events Non Gift Revenue
252.95
Total Income 156,803.84
Expenses
7220 • Salaries of Professional Staff
19,384.68
7250 • Payroll Taxes
1,955.63
7260 • Workers Comp
139.02
7515 • Bookkeeping Fees
1,512.50
7520 • Accounting Fees
449.12
7525 • Bank Service Fees 8,221.52
7530 • Legal Fees 9,867.59
7540 • Web/ Internet/ Host Fees 2,960.59
8110 • Office Expenses/ Supplies 3,195.01
8130 • Telephone & telecommunications 2,208.03
8140 • Postage, shipping, delivery 5,730.80
8160 • Equip rental & maintenance 13,923.46
8170 • Printing and Copying
14.55
8210 • Rent, Parking, and other occupancy
4,777.81
8215 • Building Repair and Maintenance
215.00
8220 • Utilities
917.73
8305 • Auto/ Fuel Expense
48.31
8310 • Travel 6,223.67
8320 • Meeting Expenses
798.64
8330 • Meals/ Groceries 10,895.37
8520 • Insurance - non employee
138.60
8540 • Staff Development 3,589.10
Total Expense 97,166.73
Net Income
Total Income 156,803.84
Total Expense 97,166.73
Total Net Income
59,637.11
Moved to Emergency Fund (see notes)
40,000.00


Description of Accounts

CS 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
  • 5810   Special Events non gift revenue (990 line 9a & 101)
    This account is for earnings such as royalty payments


Expense Accounts

  • 7220 • Salaries of Professional Staff (990 line 26)
    This is Salary for hired staff working for CouchSurfing
  • 7250 • Payroll Taxes (990 line 29)
    This is the CouchSurfing share of the cost of payroll
  • 7515 • Bookkeeping Fees (990 line 31)
    The cost of paying a bookkeeper
  • 7520 • Accounting Fees (990 line 31)
    This is the cost of paying a certified public accountant to file taxes on behalf of Couchsurfing
  • 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
  • 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 • Office Expense/ 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
  • 8310Travel (990 line 39)
    This is anything to do with travel including air, train, bus, rental cars, meals, cab
  • 8320 • Meetings Expense (990 line 40)
    Any amount spent while having a meeting within the organization
  • 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)
    Any insurance purchased that is not employee related, usually auto or travel insurance


Notes

  • Emergency Fund
    CouchSurfing has established and will maintain a fund in the event of an emergency.  The goal of the fund is to provide for 3 months of operating expenses.