CouchSurfing International, Inc.

Income and Expense Statement

2008

Income & Expense Statement January 1 - December 31, 2008
Income
4 • Contributed support
donations including verified donations
783,977.23
5300 • Revenue from Investments

     5310 • Interest-banking
     bank related interest and short term investments
3,359.80
5400 • Earned Revenues - Other
any revenue earned from sources other than donations and interest

     5411 • Non Inventory Sales Commission
     merchandise sales
     960.67
Total Income 788,297.70
Expenses
7200 • Salaries and Related Expenses

     7210 • Officers, directors and other salaries
     salary for hired staff, contracted staff and related expenses
98,919.81
     7240 • Employee Benefits - not pension
    
health insurance
2,236.34
     7250 • Payroll Taxes
    
taxes related to payroll
8,399.19
     7260 • Workmans Comp Insurance
    
workman's compensation
3,070.27
7300 • Contract Service Expenses

     7320 • Accounting Fees
     Bookkeeping, CPA fees, accounting services, IRS filing and processing
5,380.12
     7330 • Legal Fees
    
attorneys fees, legal services, legal filings and processing
21,372.91
     7340 • Professional Fees - Other
     misc. professional fees which are not in the categories of legal, bank or                  bookkeeping
2,073.90
     7350 • Temporary Help - Contract
     contract services for specific projects
22,581.69
8100 • Non-personnel Expenses

     8110 • Office Expenses/ Supplies
     
office supplies, computer supplies IE: software,
     batteries, memory.  It can also include supplies
     as needed, light bulbs, paper towels, etc
36,982.24
     8111 • Verification Related Postcard Supplies
     supplies related to verification postcards and letters
16,621.17
     8130 • Telephone
     phones, voicemail, wireless communication
7,443.19
     8140 • Postage and Shipping
     postage for mailing verification letters, shipping for any packages
18,686.12
      8150 • Mailing Services
     
use of mailing automation services
5,762.85
     8170 • Printing and Copying
     printing and copying including letterhead and business cards
251.88
     8180 • Books, Subscriptions, Reference
    
books, professional manuals
486.89
     8195 • Web/ Internet/ Host Fees
     
Internet service, domain fees, image hosting service, data backup, survey
     services
22,211.11
8200• Facility & Equipment Expenses

     8210 • Rent, Parking, Other Occupancy
     rent/occupancy, storage, parking, office space
101,638.16
     8220 • Utilities
     electricity, gas, garbage, water
6,516.56
     8230 • Equipment Rental & Maintenance
     servers
59,751.09
      8240 • Depreciation & Amortization
307.99
8300 • Travel & Meeting Expenses

     8310 • Travel
    
local transport, auto, fuel, air travel, expenses related
    to traveling to meetings and collectives
95,492.30
     8330 • Meals, Groceries
    
meals and groceries for collective and meeting attendees
42,981.91
     8340 • Visa & misc travel fees
    
visa expenses
874.24
8500 • Other Expenses

     8520 • Insurance - Non-employee
    
insurance (not employee related) - professional liability, auto, travel
22,266.84
     8540 • Staff Development
    
staff development including training, courses and team building activities
14,142.32
     8550 • Paypal Fees
611.38
     8570 • Bank & Credit Card Processing Fees
42,478.97
     8580 • Other Expenses228.71
Total Expense 659,842.15
Net Income
Total Income 783,910.17
Total Expense 659,842.15
Total Net Income
128,455.55
Moved to Savings Reserve (see notes) 100,000.00
Remaining Operating Funds at years end 28,455.55



Description of Accounts

CS has based its Chart of Accounts on the non-profit standard Universal Chart of Accounts.  Included is a description of each account type that we use.  CouchSurfing recently adjusted its chart of accounts with the guidance of Easy Office, its new non-profit accounting firm. 


Notes

  • Savings Reserve
    CouchSurfing has established and will maintain a savings reserve for the event of an emergency.  The goal of the fund is to provide for approximately 2 to 4 months of operating expenses.

  • Bookkeeping
    CouchSurfing's books for this year are kept by Easy Office and managed by a team of CPAs and Accountants with decades of non-profit accounting experience.  Easy Office manages the accounting and books for many multi-million dollar non-profits.