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Income - Expense Statement of UM-CAC

On this page we will post our quarterly Income/Expense statements. We will
add links here to other organizational fiscal information. Our goal is transparency.
We want you - the artists and the public - to know what we
have to work with and what we accomplish with it.

We are just beginning to market our work, as these figures show. We begin
exhibiting our "Art of the T-shirt" line this fall in local venues. If you
represent a college group or business in the Chicago Metro area interested in
our exhibits, contact us.

Watch us as we grow.

INCOME/EXPENSE STATEMENT 10/1 - 12/31/01 % of Total FY 01 - 02 to date % of Total
REVENUES        
Sales/T-shirts/aot 642.39 20.12 642.39 18.38
Sales/Printing 1,572.00 49.23 1,572.00 44.98
Contributions/Unrestricted 75.00 2.35 75.00 2.15
Contributions/Restricted 900.00 28.19 1,200.00 34.33
Interest 3.51 0.11 5.64 0.16
       
Total Revenues 3,192.90 100.00 3,495.03 100.00
       
       
Cost of Sales        
Cost of Goods (t-shirts)/AoT 53.74 1.68 53.74 1.54
Purchases/Printing 854.68 26.77 854.68 24.45
Artist's Fees 118.00 3.70 118.00 3.38
       
Total Cost of Sales 1,026.42 32.15 1,026.42 29.37
       
Gross Profit 2,166.48 67.85 2,468.61 70.63
       
EXPENSES        
Salaries-Wages 378.98 11.87 378.98 10.84
FICA/Med (payroll tax expense) 28.98 0.91 28.98 0.83
Equipment/COM 25.95 0.81 25.95 0.74
Software/COM 0.99 0.03 0.99 0.03
Computer Books 13.96 0.44 31.92 0.91
Supplies 115.59 3.62 122.80 3.51
Supplies/AOT 0.00 0.00 23.83 0.68
Supplies/SPW 39.92 1.25 48.59 1.39
Supplies/Computers 0.00 0.00 27.69 0.79
Supplies/Printing 117.70 3.69 117.70 3.37
Promotion 28.79 0.90 28.79 0.82
Printing-Copying/AoT 0.00 0.00 48.21 1.38
Printing-Copying/Printing 2.95 0.09 2.95 0.08
Printing-Copying/Computers 18.10 0.57 18.10 0.52
Legal and Accounting 8.00 0.25 8.00 0.23
Banking Costs 0.00 0.00 2.30 0.07
entertainment - AOT 0.00 0.00 60.00 1.72
Rent 300.00 9.40 400.00 11.44
Web Site Hosting 162.91 5.10 162.91 4.66
Telephone/local 133.97 4.20 133.97 3.83
Postage 0.00 0.00 54.40 1.56
Memberships & Subscriptions 20.00 0.63 20.00 0.57
Training/Workshops 60.00 1.88 60.00 1.72
Conferences 55.00 1.72 55.00 1.57
Other Expenses - General 45.00 1.41 45.35 1.30
Other Expenses - AOT 0.00 0.00 36.34 1.04
Other Expenses - Printing 0.26 0.01 0.26 0.01
Other Expenses - Computers 0.52 0.02 0.52 0.01
       
Total Expenses 1,557.57 48.78 1,944.53 55.64
       
Net Income 608.91 19.07 524.08 15.00


Manual Contents Page

Uptown Multi-Cultural Art Center (UM-CAC). Click here for contact Info or to E-mail UM-CAC at umcac@art-teez.org click here. Ph.773/561-7676

Peachtree tutorial Introduction Peachtree Accounting illustrated ART-ACT Art Peachtree Accounting illustrated SPW Art Peachtree Accounting illustrated Art Gallery Peachtree Accounting illustrated Web School Peachtree Accounting illustrated Support Us
Income/Expense Stm. Peachtree Accounting illustrated Att. Gen. Report Peachtree Accounting illustrated T-shirts Sold