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Profit and Loss Statement (2011)

FoundersMETROPOLITAN COMMUNITY CHURCH of LOS ANGELESProfit & Loss

January - December 2011

Total
Income
   4090 Designated Funds Income
      4090-01 Azania - Income 655.00
      4090-02 Christine Daniels Scholarship Fund -820.00
      4090-03 CITY-X Project Income 7,750.00
      4090-04 Other Designated Funds 2,472.94
      4090-05 Pastor’s Discretionary Fund 11,148.73
      4090-08 Scholarship Income 375.00
      4090-09 Tribe Income 397.50
      4090-10 Tweekers Project Income 1,190.00
      4090-12 AIDS Fundraising 386.00
      4090-13 Non-Profit Income 500.00
   Total 4090 Designated Funds Income 24,055.17
   4110 Exchange Fund Income 8,247.42
   4120 Facility Use-Franklin 8,191.00
   4130 Flowers Income 1,254.00
   4140 Fundraising 1.75
      4140-02 Food for Food 246.82
      4140-05 Other Fundraising 1,455.74
      4140-06 Hope Net -914.42
      4140-07 Toy Drive 400.30
   Total 4140 Fundraising 1,190.19
   4160 Latin Ministry Income 292.00
   4230 Special Funds
      4230-03 Fellowship Sunday Offering 1,587.62
      4230-05 Misc Income 1,440.33
      4230-06 Social Hour Income 5.37
      4230-08 Tape-CD Ministry Income 545.48
      4230-09 TV Ministry Matching Grant 11,720.00
      4230-11 Paul Gromberg Fund 776.40
      4230-12 Joplin Fund 3,659.98
   Total 4230 Special Funds 19,735.18
   4240 Tithes/Offerings
      4240-01 1 30 p.m. Sunday 15,408.58
      4240-02 11 a.m. Sunday 146,974.18
      4240-03 9 a.m. Sunday 79,213.19
      4240-04 Brown Bag Offering 514.50
      4240-05 Discretionary Special Gifts 100.00
      4240-06 Home Groups 100.00
      4240-07 Mail 53,633.41
      4240-08 Other Services 8,358.07
      4240-09 Tithes/Offerings Other 39,935.58
   Total 4240 Tithes/Offerings 344,237.51
   4250 Uncategorized Income 2,125.00
Total Income $409,327.47
Expenses
   5310 Assessments
      5310-01 Clergy Pension Fund 3,723.00
      5310-02 UFMCC Tithes 35,591.65
   Total 5310 Assessments 39,314.65
   5320 Benevolence Fund 2,150.00
   5330 Contract Labor 2,470.00
      5330-01 Bookkeeping 4,589.88
      5330-03 Latin Ministry 915.00
      5330-04 Media & TV Ministry 100.00
      5330-05 Music 19,133.01
      5330-06 Other Professional Services 1,977.00
      5330-07 Signer 3,060.00
   Total 5330 Contract Labor 32,244.89
   5360 Designated Funds Expenditures
      5360-01 Azania Expense 365.00
      5360-02 CITY-X Project Expenses 7,625.22
      5360-03 Flower Fund Disbursements 421.00
      5360-05 Scholarships Disbursed 500.00
      5360-07 Tweekers Project Expenses 484.42
   Total 5360 Designated Funds Expenditures 9,395.64
   5370 Facilities 140.00
      5370-01 Cleaning Serv. & Supplies 13,263.79
      5370-02 Decorating (Non-Capital) 158.72
      5370-03 Gardening Services 1,560.00
      5370-04 Pest Control 2,653.14
      5370-06 Repairs &  Maintenance Exp. 1,723.47
      5370-07 Security 2,876.60
      5370-09 Supplies & Materials 1,030.86
      5370-10 Trash Collection Services 1,140.81
      5370-11 Utilities 11,463.25
   Total 5370 Facilities 36,010.64
   5380 Fundraising Expenses
      5380-04 Other Fundraising Expense 868.34
   Total 5380 Fundraising Expenses 868.34
   5390 Insurance 14,879.87
      5390-01 4953 Franklin Ave Property Ins. 16,426.31
      5390-05 Officers/Directors 250.40
      5390-06 Umbrella Policy 2,319.26
      5390-07 Workers Comp 3,255.40
   Total 5390 Insurance 37,131.24
   5400 Ministries 344.46
      5400-01 Brown Bag Ministry 2,755.52
      5400-02 CSW Pride Celebration 173.23
      5400-05 Kids Club 472.09
      5400-06 Latin Ministry 300.00
      5400-07 Lay Delegates 275.00
      5400-08 Multi Media 3,390.20
      5400-09 Outreach 4,418.48
         5400-10 Advertising/Materials 1,150.00
         5400-11 Food/Social Expenses 3,830.38
      Total 5400-09 Outreach 9,398.86
      5400-12 Pastoral Care Cellphone 520.77
      5400-13 Tape-CD Ministry Expenses 30.97
      5400-14 Television Ministry 965.12
   Total 5400 Ministries 18,626.22
   5420 Operations 271.69
      5420-01 Bank Charges 438.88
      5420-02 Board of Directors Expenses 2,077.30
      5420-03 Computer Hardware/Software 946.81
      5420-04 Conference Registrations & Exp. 1,876.72
      5420-05 Copier 5,152.01
      5420-06 Credit Card Expenses 1,348.85
      5420-07 Fees, Licenses 3,172.57
      5420-08 Gift 22.15
      5420-09 Office Supplies 4,090.53
      5420-10 Pastor’s Discretionary Funds 650.37
      5420-11 Postage 332.22
      5420-12 Printing 198.65
      5420-13 Telephone 7,458.45
      5420-14 Temp Facility Usage 50.00
      5420-15 Travelling Expenses 320.70
      5420-17 Volunteer & Staff Appreciation 2,121.61
   Total 5420 Operations 30,529.51
   5430 Pastor’s Discretionary Expenses 11,823.30
   5440 Payroll
      5440-01 Payroll Processing Expenses 1,821.96
      5440-02 Health Insurance 21,866.47
      5440-03 Minister of Congregationa Care 47,729.39
      5440-04 Minister of Congregational Life 50,757.38
      5440-05 Minister of Music 26,017.00
      5440-06 Minister, Latin Ministry 6,873.50
      5440-07 Office Administrator 35,405.08
      5440-08 Payroll Taxes 15,416.24
      5440-11 Senior Pastor 80,774.04
      5440-13 TV Ministry 37,514.00
      Staff Training (deleted) 347.33
   Total 5440 Payroll 324,522.39
   5450 Purchases 51.29
   5460 TAXES
      5460-03 Franchise Tax Board 75.00
   Total 5460 TAXES 75.00
   5500 Worship
      5500-03 Supplies 1,224.47
      Music & Choir (deleted) 125.00
   Total 5500 Worship 1,349.47
Total Expenses $544,092.58
Net Operating Income $ -134,765.11
Other Income
   7000 OTHER INCOME
      7000-01 Capital Gains on Investments 52,767.17
      7000-03 Dividend Income 62,135.68
      7000-04 Interest Income 9.96
      7000-05 Miscellaneous Other Income 8.33
   Total 7000 OTHER INCOME 114,921.14
Total Other Income $114,921.14
Other Expenses
   8000 Exchange Funds Expenses 14,578.28
Total Other Expenses $14,578.28
Net Other Income $100,342.86
Net Income $ -34,422.25

Tuesday, Sep 11, 2012 04:31:11 PM GMT-7 - Cash Basis

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