26
The Children’s Reading Foundation
ORDINARY INCOME/EXPENSE
FY 2016
FY 2015
Income
Sales Retail
$ 625
$ 3,709
Grant Revenue
1,279,909
1,279,747
Foundation Revenue
8,983
10,980
Shipping Revenue
218,519
158,443
READY! Revenue
2,228,355
1,570,309
Child Care Revenue
49,043
20,826
Other Income
28,452
33,259
Total Income
3,813,886
3,077,273
Cost of Goods Sold
Other Cost of Goods Sold
-
330
Product Shipped
665,351
501,043
Cost of Shipping & Handling
123,343
117,840
Warehouse Payroll
109,741
106,514
Grant Cost of Goods Sold
390,910
356,359
Total Cost of Goods Sold
1,289,345
1,082,086
Gross Profit
2,524,541
1,995,187
Expense
Miscellaneous
643
3,017
Office & General
768,601
693,342
Building Occupancy
87,226
82,574
Outreach
293,676
171,450
Product Development
297,256
263,842
Training Expenses
4,431
11,585
Grant Expenses
870,191
779,399
Total Expense
2,322,024
2,005,209
Net Ordinary Income
202,517
(10,022)
Other Income/Expense
Other Income
5,466
7,217
Other Expense
9,231
-
Net Other Income
(3,765)
7,217
Net Income
198,752
(2,805)
Profit & Loss
Statement