MSRC
Profit and Loss
January through December 2011
| TOTAL | |
| Ordinary Income/Expense | |
| Income | 438,791.51 |
| Registration and Course Fees | |
| Administrative Fees | 544.00 |
| Interest | 365.99 |
| Total Income | 439,701.50 |
| Gross Profit | 439,701.50 |
| Expense | 50,476.60 |
| Administrative Assistants | |
| Assessment | 22,670.00 |
| Awards Night Expense | 13,527.38 |
| Bank Fees | 462.85 |
| Course Materials | 3,799.73 |
| Equipment | 310.74 |
| Facilities Rental | 91,591.29 |
| Food Services | 2,591.05 |
| Instruction | 59,452.08 |
| Internet Services | 1,909.90 |
| Legal & Professional | 9,578.68 |
| Mentoring | 1,100.00 |
| Miscellaneous | 955.67 |
| Office Supplies | 3,060.28 |
| Online Education | 8,386.25 |
| Postage and Delivery | 4,229.62 |
| Printing and Reproduction | 5,617.01 |
| Promotional Material | 3,067.20 |
| Registration Expense | 127,465.00 |
| Software | 4,367.26 |
| Telephone | 1,100.00 |
| Travel | 9,566.74 |
| Web Site & Development | 24,087.57 |
| Total Expense | 449,372.90 |
| Net Ordinary Income | -9,671.40 |
| Net Income | -9,671.40 |