Microcosm's 2009 Financial Report
May 21, 2010 — by joe biel
In our continued efforts to be more transparent in everything that goes on at your friendly neighborhood radical zine store, here are our finances from 2009:
2009 Income $313,423.46
Total staff wages (divided between Nate, Jessie, Adam, Joe, Matt, Rio, Sparky, Steven, and Chris) $84,616.02. (Paying an average annual wage of $9,401.78)
Printing Bills $76,188.34
Publishers and distributors $38,303.33
Zines bought from makers $37,558.21
Rent, utilities, insurance, phone, office supplies, etc $14,709.02
Royalties to authors $13,417.13
Catalog Printing $6,851.93
Staff Healthcare $3,165.06
Total Expenses $334,388.25
Total $-20,964.79 (loss)
(which was partly borrowed, partly taken from income from the following year, and partly from savings)
It was a pretty rough year for us. There was one point where it looked like we might have to start working for free, but several factors converged to carry us into the forseeable future.
Despite not being a 501(c)3 organization, we are working hard to act in accordance to the rules opposed on these type of nonprofit organizations. This way we will keep our mission statement in mind through all of our decisions and show you our annual finances.
As a teenager, I used to read and really appreciate the financial reports in Maximum Rocknroll—even when I didn't understand more than whether they made or lost money. And then in 1994, it was strange to see that as punk broke, so did MRR's finances—in a positive way! I can't wish such a burden on zinemaking again, but perhaps something less obnoxious can be our financial boon.
So here's to many more years of successful supporting of zine makers, distribution of radical literature, and giving people access to information—in print—that they find hard to come by.
All that said, now is an excellent time for financial donations of all shapes and sizes. We will be launching a campaign on Kickstarter.com in the coming weeks to support the printing of our next book: Scam: The First Four Issues.
But you don't have to wait for that and sending financial donations just to support our general operating expenses are always needed and appreciated!
You can send paypal donations to email@example.com or checks to Microcosm 222 S Rogers St. Bloomington, IN 47404. Please specify it's a donation with your check so we don't think we need to mail you something beyond our eternal gratitude.