Our very first donation recipient is Save Our Schools Network. Learn more about them here.
Below is a report on the earnings and profits of the store. To be completely transparent, our sales did not go as well as we hoped. In fact, we have not made any profits at all if we factor everything from the startup costs, marketing, inventory, to the maintenance expenses. However, we've decided that we would still like to donate even just a little bit, and completely disregard all of the expenses and just deduct the cost of goods sold. We are confident that we will recoup our startup costs someday. Right now, it's important for us to share a little bit with SOSN.
GROSS SALES: $348
GROSS INCOME: $277
10% DONATED: $27.7 rounded up to $30
GROSS SALES: $197.95
GROSS INCOME: $185
10% DONATED: $18.5 rounded up to $20
We made a little progress in sales from Q3-Q4 2022, so we were able to use some of the revenue to pay off some startup expenses. Therefore beginning July, we started calculating the actual profits the store has generated and set aside 10% to donate, as initially promised.
GROSS SALES: $1726
GROSS PROFIT: $753.59
10% DONATED: $75.36 rounded up to $76
In the first quarter of 2023 we've made our highest sales ever. We've increased the number of markets we attended which entailed more marketing and operational expenses. Nonetheless, we are grateful we still have some profit left to share with our donation beneficiary.
JANUARY - MARCH 2023
GROSS SALES: $3315
GROSS PROFIT: $781.28
10% DONATED: $80 (78.128 rounded up to $79 + $1 from customer donation)
Our heartfelt thanks to our customers for making this possible! Maraming salamat po.