27
Statement of Operations
2015 2014
REVENUES
Grants $ 644,820 $ 916,450
Program licensing and public speaking 347,689 221,063
Donations 164,557 67,754
Interest and other income 3,945 3,861
In-kind contributions 270,981 924,183
Amortization of deferred capital contributions 102,731 30,773
1,534,723 2,164,084
EXPENDITURES
Salaries, benefits and internships 500,333 706,271
Equipment and software, in-kind and other 56,204 379,276
Advertising and promotion, in-kind and other 193,654 375,957
Project support services 226,201 339,103
Office and general 27,903 28,733
Travel 69,137 63,590
Professional fees 70,972 72,264
Communications 69,699 33,151
Training, memberships, and dues 2,038 26,892
Insurance 11,000 11,889
Interest and bank charges 5,327 5,475
Bad debt expense 11,600 5,400
Foreign exchange gain (154,957) (57,078)
Amortization 110,952 43,622
1,271,422 2,102,572
INCOME before the undernoted item 263,301 61,512
Gain on disposal of capital assets 733 -
EXCESS OF REVENUE OVER EXPEDITURES 264,034 61,512
