Pedals for Progress
Profit & Loss
October 2019 through September 2020
Accrual Basis
Ordinary Income/Expense
Income
Antique Bikes			780.00
Contributions - Cash w/Bikes			19,775.05
Contributions - Civic Groups			2,807.58
Contributions - Corp/Foundation			9,872.02
Contributions - Individuals			107,235.50
Contributions - Religious Org.			3,130.53
Contributions - Sewing Machines			2,920.00
Interest Income			49.15
Investment Income			629.83
Revolving Funds			13,378.00
Total Income			160,577.66
Expense
travel expense			580.01
Reconciliation Discrepancies			-0.06
Advertising			80.00
Bank Service Charges			356.49
Collection Expense			5,815.57
Credit Card Fees			1,191.58
Dave's Mileage			579.70
Dues and Subscriptions			0.00
Insurance
Business Owners		4,224.20
Worker's Comp		-4,019.80
Total Insurance			204.40
Licenses
Permits		790.00
State Fees		276.50
Total Licenses			1,066.50
Merchandise Cost			419.64
Office Supplies			1,558.70
Payroll Expenses
Labor Assessment		0.00
Office Salaries		17,923.88
Officers' Salaries		66,829.98
Outside Services
Payroll Preparation Fee	549
Total Outside Services		549.00
Payroll Taxes
Taxes - EE	231.93
Taxes - ER	6926.25
Total Payroll Taxes		7,158.18
Retirement Expense		11,956.08
Payroll Expenses - Other		29.74
Total Payroll Expenses			104,446.86
Postage and Delivery			2,745.16
Printing and Reproduction			6,017.99
Professional Fees
Bookkeeper		1,192.50
Accounting		2,845.00
Total Professional Fees			4,037.50
Rent			16,200.00
Shipping & Packing			19,648.65
Telephone & Internet
Telephone & Internet		2,621.57
Telephone & Internet - Other		154.17
Total Telephone & Internet			2,775.74
Travel
Travel Expenses		0.00
Total Travel			0.00
Utilities			-52.79
Total Expense			167,671.64
Net Ordinary Income			-7,093.98
Other Income/Expense
Other Income
Unrealized Gain/Loss			3,781.28
Total Other Income			3,781.28
Net Other Income			3,781.28
Net Income			-3,312.70