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Common Folk Artist Collective
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Proposed Budget
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January - December 2023
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 Total
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Income
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Retail $ 13,000.00
Increase by $7,205.66 ($600 per month)
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Membership $ 17,000.00
Increase by $8,457.50 ($704 per month)
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Development (Grants, Fundraising, Etc) $ 20,000.00
Increase by $13,841.22 ($1,153.44 per month). We already have $12,000 in approved grants awaiting payment.
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Programs $ 10,000.00
Increase by $4,500.09 ($379 per month)
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Total Income $ 60,000.00
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Cost of Goods Sold
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Cost of Goods Sold
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Commissioned Goods Sold $ 2,500.00
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Consignment Goods Sold $ 12,000.00
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Total Cost of Goods Sold $ 14,500.00
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Shipping $ 500.00
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Total Cost of Goods Sold $ 15,000.00
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Gross Profit $ 45,000.00
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Expenses
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Car & Truck $ 100.00
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Equipment Purchase $ 900.00
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Independent Contractors
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Administrative Contractors $ 3,600.00
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Marketing Contractors $ 2,400.00
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Membership Contractors $ 1,200.00
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Retail Contractors $ 7,440.00
$6,240 is Saturday Hours. $1,200 is designated for Retail leadership
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Studio Contractors $ 250.00
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Total Independent Contractors $ 14,890.00
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Meals & Entertainment $ 600.00
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Office Supplies & Software
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Exhibitions Supplies $ 100.00
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Fundraising Supplies $ 150.00
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Office/General Administrative Expenses $ 1,500.00
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Retail Supplies $ 400.00
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Studio Supplies $ 400.00
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Total Office Supplies & Software $ 2,550.00
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Other Business Expenses
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Charitable Contributions $ 100.00
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Total Other Business Expenses $ 100.00
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Overhead
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Advertising & Marketing
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Advertisements $ 500.00
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Content Creation/Printing $ 200.00
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Facebook $ 60.00
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Podcast $ -
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Vending Booth Fees $ 400.00
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Website $ 1,000.00
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Total Advertising & Marketing $ 2,160.00
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Bank Charges & Fees $ 100.00
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Insurance $ 2,500.00
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Legal & Professional Services
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Fractured Atlas $ 120.00
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Grandchamp Law Offices $ 500.00
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Total Legal & Professional Services $ 620.00
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Rent & Lease
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Event Space Rentals $ 100.00
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Holden St Tenant Association Fees $ 5,458.80
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Savvy Hive Storage/Studio $ 3,600.00
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Total Rent & Lease $ 9,158.80
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Taxes & Licenses $ 4,000.00
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Utilities
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Electricity $ 1,200.00
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WiFi $ 1,600.00
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Total Utilities $ 2,800.00
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Total Overhead $ 40,478.80
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Total Expenses $ 40,478.80
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Net Profit $ 4,521.20
2023 Profit Proposal:
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10% Distributed to owner(s)
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45% Invested into 2024 Budget
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45% invested into our high yield savings account.
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