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DocuSign Envelope ID: ECE511A0- 1745 - 4353- 8DDA- 483D182AA9FD
<br />The ArtsCenter
<br />Profit & Loss Budget Overview
<br />Accrual Basis July 2013 through June 2014
<br />Page 1
<br />TOTAL
<br />Jul -S - e - p13
<br />Oct - Dec 13
<br />Jan - Mar 14
<br />Apr - Jun 14
<br />Jul '13 - Jun-..-.
<br />Ordinary Income /Expense
<br />Income
<br />Individual contributions
<br />24,370.50
<br />78,594.33
<br />37,130.00
<br />47,705.50
<br />187,800.33
<br />Foundation Grants
<br />90,196.66
<br />5,250.00
<br />67,629.00
<br />27,300.00
<br />190,375.66
<br />Corporate support
<br />2,639.50
<br />3,654.00
<br />9,193.00
<br />2,158.00
<br />17,644.50
<br />Government grants
<br />29,500.00
<br />15,668.00
<br />38,336.00
<br />4,500.00
<br />88,004.00
<br />In -kind contributions
<br />Performance Revenue
<br />6,000.00
<br />75,047.55
<br />0.00
<br />96,299.46
<br />126,234.00
<br />70,649.00
<br />6,000.00
<br />368,230.01
<br />Program Revenue
<br />197,889.49
<br />102,906.92
<br />115,493.25
<br />169,952.92
<br />586,242.58
<br />Gallery revenue
<br />2,107.00
<br />677.26
<br />1,060.00
<br />1,060.00
<br />4,904.26
<br />4.10
<br />Interest Revenue
<br />Rental Revenue
<br />1.10
<br />11,071.43
<br />0.00
<br />11,690.23
<br />1.50
<br />12,314.98
<br />1.50
<br />10,877.48
<br />45,954.12
<br />Special events
<br />0.00
<br />0.00
<br />3,000.00
<br />16,250.00
<br />19,250.00
<br />Refreshment Sales
<br />12,293.39
<br />11,407.33
<br />13,885.50
<br />9,723.75
<br />47,309.97
<br />Advertising revenue
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />Other revenue
<br />0.00
<br />0.00
<br />_
<br />Total Income
<br />451,116.62
<br />326,147.53
<br />424,277.23
<br />360,178.15
<br />1,561,719.53
<br />Cost of Goods Sold
<br />Merchandise purchases
<br />484.49
<br />- 135.00
<br />349.49
<br />Gallery Pieces Sold
<br />1,170.00
<br />409.25
<br />650.00
<br />913.00
<br />3,142.25
<br />Bar Supplies
<br />3,960.70
<br />3,474.96
<br />4,400.59
<br />2,912.37
<br />14,748.62
<br />Total COGS
<br />5,615.19
<br />3,749.21
<br />5,050.59
<br />3,825.37
<br />18,240.36
<br />Gross Profit
<br />445,501.43
<br />322,398.32
<br />419,226.64
<br />356,352.78
<br />1,543,479.17
<br />Expense
<br />Performance Expenses
<br />66,806.47
<br />107,673.54
<br />108,334.75
<br />54,795.00
<br />337,609.76
<br />Program Expenses
<br />74,217.95
<br />66,621.14
<br />67,547.59
<br />89,685.89
<br />298,072.57
<br />Gallery Expense
<br />489.98
<br />102.93
<br />150.00
<br />163.00
<br />905.91
<br />Salaries & related expens...
<br />126,096.33
<br />126,435.75
<br />138,805.01
<br />142,325.86
<br />533,662.95
<br />Employee benefits
<br />10,287.40
<br />10,683.59
<br />11,101.74
<br />18,903.82
<br />50,976.55
<br />Professional fees
<br />11,839.52
<br />17,807.40
<br />10,801.77
<br />8,781.18
<br />49,229.87
<br />Supplies
<br />4,226.41
<br />1,448.20
<br />3,825.00
<br />2,650.00
<br />12,149.61
<br />Telecommunications
<br />0.00
<br />225.00
<br />225.00
<br />Postage & delivery
<br />2,378.85
<br />2,866.93
<br />1,153.00
<br />1,899.00
<br />8,297.78
<br />Occupancy expenses
<br />18,165.25
<br />16,202.00
<br />18,759.31
<br />17,919.31
<br />71,045.87
<br />Equipment rental & maint.
<br />1,856.63
<br />2,669.15
<br />1,976.76
<br />1,976.76
<br />8,479.30
<br />Printing & publications
<br />5,778.35
<br />6,849.86
<br />9,518.00
<br />5,958.00
<br />28,104.21
<br />Conferences & meetings
<br />2,113.67
<br />2,220.00
<br />2,707.00
<br />1,535.50
<br />8,576.17
<br />Financial Expense
<br />13,977.51
<br />12,899.96
<br />12,585.58
<br />12,656.74
<br />52,119.79'
<br />Depreciation expense
<br />8,250.00
<br />8,250.00
<br />8,250.00
<br />8,250.00
<br />33,000.00
<br />Insurance
<br />5,714.00
<br />3,813.56
<br />4,842.40
<br />2,017.00
<br />.16,386.96
<br />Bank charges & fees
<br />5,447.07
<br />5,933.89
<br />8,220.00
<br />5,110.00
<br />24,710.96
<br />Marketing
<br />12,695.36
<br />13,150.19
<br />9,905.90
<br />10,324.35
<br />46,075.80
<br />Board Expenses
<br />78.14
<br />1,125.00
<br />125.00
<br />187.50
<br />1,515.64
<br />Other expenses
<br />1,479.71
<br />2,951.53
<br />3,900.80
<br />2,752.75
<br />11,084.79
<br />Total Expense
<br />371,898.60
<br />409,929.62
<br />- 422,509.61
<br />387,891.66
<br />1,592,229.49
<br />Net Ordinary Income
<br />73,602.83
<br />- 87,531.30
<br />- 3,282.97
<br />- 31,538.88
<br />-48,750.32
<br />Net Income
<br />73,602.83
<br />- 87,531.30
<br />- 3,282.97
<br />- 31,538.88
<br />- 48,750.32
<br />Page 1
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