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