Appendix
Financial Statement: FED Urban Agriculture Society Profit and Loss
March 14, 2023Page 2901 section
Profit and loss statement for the society covering the full 2022 calendar year.
$103,592.05 total income$1,800.09 net loss
FED Urban Agriculture Society
Profit and Loss
January - December 2022
| INCOME | TOTAL |
|---|---|
| Fundraiser - Caja Garden Kits | 3,060.00 |
| General Donations | 2,450.00 |
| Grants - Mobile Greenhouse | 31,392.23 |
| Grants - MyFEDFarms Program | 29,920.00 |
| Grants - Urban Learning Garden Program | 14,600.08 |
| Services | 11,604.74 |
| Wage Subsidy | 10,565.00 |
| Total Income | $103,592.05 |
| COST OF GOODS SOLD | |
|---|---|
| Caja Cost of Goods Sold | 1,741.41 |
| Total Cost of Goods Sold | $1,741.41 |
| GROSS PROFIT | $101,850.64 |
| EXPENSES | |
|---|---|
| Bank charges | 78.30 |
| Contractors and Reimbursements | 2,038.50 |
| Dues and Subscriptions | 963.53 |
| Event Costs | 20.24 |
| Gifts | 310.60 |
| Insurance | 1,392.00 |
| Interest expense | 50.38 |
| Legal and professional fees | 604.32 |
| Marketing | 119.05 |
| Meals and entertainment | 93.52 |
| Payroll Expenses | |
| Cell Phone Expense | 287.50 |
| Employee Benefits Expenses | 1,159.03 |
| Taxes | 4,521.87 |
| Wages | 61,573.62 |
| Bonus | 305.25 |
| Total Wages | 61,878.87 |
| Total Payroll Expenses | 67,847.27 |
| Program Costs - Mobile Greenhouse | 2,622.20 |
| Program Costs - MyFEDFarms | 14,916.43 |
| Program Costs - Urban Learning Garden Program | 216.78 |
| QuickBooks Payments Fees | 18.52 |
| Streetscape & Garden Maintenance | 133.87 |
| Supplies | 22.47 |
| Travel | 1,036.51 |
| Amortization | 11,166.24 |
| Total Expenses | $103,650.73 |
| PROFIT | $ -1,800.09 |
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Extracted from: 2023 03 14 Committee of the Whole Agenda - Agenda - Pdf