Kids for the Kingdom 2018 Independent Financial Audit
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KIDS FOR THE KINGDOM, INC.<br />
STATEMENT OF FUNCTIONAL EXPENSES<br />
FOR THE YEAR ENDED DECEMBER 31, <strong>2018</strong><br />
WITH SUMMARIZED TOTALS FOR THE YEAR ENDED DECEMBER 31, 2017<br />
Management<br />
Totals<br />
and<br />
Program General Fundraising <strong>2018</strong> 2017<br />
EXPENSES<br />
Grants and allocations $229,596 $229,596 $202,315<br />
Advertising (Note 2I) 5,926 5,926 9,771<br />
Bank service charges $523 523 448<br />
Credit card processing 1,059 1,059 1,650<br />
Depreciation 235 235 349<br />
Dues and subscriptions 579 579 1,133<br />
Insurance 3,407 3,407 3,193<br />
Licenses and permits 0 48<br />
Medical 22,864 22,864 22,313<br />
Miscellaneous 992 2,074 3,066 1,566<br />
Payroll 108,248 38,835 147,083 144,099<br />
Postage, shipping and freight 2,977 21 2,998 5,489<br />
Printing and publications 5,971 5,971 9,571<br />
Professional fees 2,088 8,104 10,192 10,083<br />
Occupancy (Note 4) 11,520 2,880 14,400 14,400<br />
In-kind expense (Note 4) 820 820 2,520<br />
Supplies 5,539 600 6,139 5,738<br />
Telephone 2,106 605 2,711 2,503<br />
Travel 18,108 18,108 16,386<br />
Utilities 2,211 552 2,763 2,735<br />
Total Functional Expenses $421,553 $56,887 $0 $478,440 $456,310<br />
See accompanying notes to financial statements<br />
5
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