CouchSurfing International, Inc.
Income and Expense Statement
2008
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| Income & Expense Statement January 1 - December 31, 2008 | | Income | 4 • Contributed support
donations including verified donations
| 783,977.23
| 5300 • Revenue from Investments
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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 Expenses | 228.71
| | 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
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Description of AccountsCS 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.
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