Tagged business of publishing

Financial Report for 2013

In the name of fiscal transparency, like a 501(c)3 nonprofit, we publish our financial reports each year. You can also read them from 2012, 20112010, and 2009! We’ve worked very hard this year, one of our hardest ever, and we have a lot to show for it. We were able to re-institute a year end bonus for all employees while giving raises and paying off all of our old debts. We feel that we have reached a place of stability with a certain future through the recession and the evolving publishing industry. We moved into a newer, larger building last month that we own. Thanks for all of your support and for sticking with us through our 18th year. All future finances beyond operating expenses will go into upgrading computers, providing raises, and re-instating staff healthcare. If you want to help, the best thing you can do for us is to sign up for a BFF subscription or purchase anything from the site!  

2013 Income $304,272.05 (a 15.1% increase)

 

Expenses

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Printing Bills $130,305.69 (54.4% increase, 43.1% of budget)

Total staff wages $67,014.43 (49.3% increase, 22.2% of budget)

 

Shipping $30,900.62 (21.1% decrease, 10.2% of budget)

Paid to publishers and distributors $23,472.60 (27.3% decrease, 7.8% of budget)

 

Utilities, insurance, phone, office supplies, etc $16,261.20 (39.1% decrease, 5.4% of budget)

Royalties to authors $15,564.39 (57% increase, 5.2% of budget)

Rent $8,784 (18.4% decrease, 2.9% of budget)

Advertising $5,282.75 (3.2% decrease, 1.7% of budget)

Catalog Printing $2,314.62 (12.3% decrease, .8% of budget)

 

Travel $2,147 (71.6% increase, .7% of budget)

Staff Healthcare $0 (0% of budget)

Donations $15,325 (1.1% increase)

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Total Expenses $302,047.30


Total $2,224.75 (profit)

We used this profit to pay off last year’s losses of $-967.87 and establish a bit of a safety net for the future. 

2012 Financial Report

In the name of fiscal transparency, here’s our 2012 financial report! You can read them from 20112010, and 2009 too! We’ve made a lot of headway this year and feel like we are approaching a good place despite a recession and changing publishing industry. We’ve resolved a tremendous amount of old debt so big thanks and hugs to everybody who stuck with us this year. We are still working on re-instating last year’s reduced wages and healthcare but we are finding creative ways to work out those problems by next October. Here’s a toast to continued improvements in 2013! If you want to help, it is always helpful to sign up for a BFF subscription or purchase anything from the site!  

2012 Income $264,226.84 (17.3% decrease)

 

Expenses

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Printing Bills $84,418.65 (34.2% increase, 32.9% of budget)

Total staff wages $46,908.84 (a 106.4% increase, 17.8% of budget)

Shipping $39,153.20 (5.9% decrease, 14.8% of budget)

Paid to publishers and distributors $32,306.09 (64.8% decrease, 12.2% of budget)

Utilities, insurance, phone, office supplies, etc $26,716.09 (32.8% decrease, 10.1% of budget)

Rent $10,400 (17.5% decrease, 3.9% of budget)

Royalties to authors $9,911.44 (27.3% decrease, 3.8% of budget)

Zines bought from makers $6,033.04 (68.6% decrease, 2.3% of budget)

Advertising $5,457.80 (81.1% increase, 2.1% of budget)

Catalog Printing $2,638.56 (8.6% decrease, 1% of budget)

Travel $1,251 (71.1% increase, .5% of budget)

Staff Healthcare $0 (0% of budget)

Donations $15,495 (488% increase)

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Total Expenses $265,194.71

 

Total $-967.87 (loss)