| Innovare - Social Innovation Partners |
| Balance Sheet |
| As of June 30, 2021 |
| | Jul 2020 | Aug 2020 | Sep 2020 | Oct 2020 | Nov 2020 | Dec 2020 | Jan 2021 | Feb 2021 | Mar 2021 | Apr 2021 | May 2021 | Jun 2021 |
| ASSETS |
| Current Assets |
| Bank Accounts |
| TOTAL BUS CHK (8622) | 161,779.73 | 163,344.81 | 261,609.75 | 251,327.59 | 267,084.79 | 294,518.66 | 383,910.71 | 351,842.79 | 329,517.02 | 257,450.87 | 205,219.94 | 188,930.64 |
| Total Bank Accounts | $161,779.73 | $163,344.81 | $261,609.75 | $251,327.59 | $267,084.79 | $294,518.66 | $383,910.71 | $351,842.79 | $329,517.02 | $257,450.87 | $205,219.94 | $188,930.64 |
| Accounts Receivable |
| Accounts Receivable (A/R) | 132,500.00 | 103,750.00 | 166,000.00 | 184,000.00 | 195,000.00 | 213,500.00 | 79,000.00 | 56,000.00 | 180,000.00 | 233,134.00 | 379,384.00 | 282,634.00 |
| Total Accounts Receivable | $132,500.00 | $103,750.00 | $166,000.00 | $184,000.00 | $195,000.00 | $213,500.00 | $79,000.00 | $56,000.00 | $180,000.00 | $233,134.00 | $379,384.00 | $282,634.00 |
| Other Current Assets |
| Inventory Asset | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Undeposited Funds | 0.00 | 0.00 | 6,250.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Other Current Assets | $0.00 | $0.00 | $6,250.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total Current Assets | $294,279.73 | $267,094.81 | $433,859.75 | $435,327.59 | $462,084.79 | $508,018.66 | $462,910.71 | $407,842.79 | $509,517.02 | $490,584.87 | $584,603.94 | $471,564.64 |
| TOTAL ASSETS | $294,279.73 | $267,094.81 | $433,859.75 | $435,327.59 | $462,084.79 | $508,018.66 | $462,910.71 | $407,842.79 | $509,517.02 | $490,584.87 | $584,603.94 | $471,564.64 |
| LIABILITIES AND EQUITY |
| Liabilities |
| Current Liabilities |
| Accounts Payable |
| Accounts Payable (A/P) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000.00 |
| Total Accounts Payable | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1,000.00 |
| Credit Cards |
| Chase Credit Cards | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Chase Ink (9835) | 27,508.13 | 23,976.40 | 15,953.02 | 17,147.04 | 18,984.65 | 24,430.60 | 25,624.37 | 29,006.92 | 33,782.04 | 47,948.28 | 49,311.47 | 49,277.43 |
| SWA VISA (4463) | 21,065.87 | 17,696.43 | 13,006.54 | 14,708.05 | 23,201.10 | 15,324.15 | 15,854.24 | 15,648.83 | 15,943.31 | 15,781.93 | 15,711.67 | 17,065.28 |
| United Credit Card (7341) | 13,727.89 | 10,978.43 | 7,743.02 | 7,739.98 | 7,676.42 | 2,864.63 | 2,899.24 | 2,958.05 | 2,928.02 | 6,100.31 | 7,248.05 | 7,175.35 |
| Total Chase Credit Cards | $62,301.89 | $52,651.26 | $36,702.58 | $39,595.07 | $49,862.17 | $42,619.38 | $44,377.85 | $47,613.80 | $52,653.37 | $69,830.52 | $72,271.19 | $73,518.06 |
| CitiBusiness / AAdvantage Platinum (1195) | 2,737.67 | 3,445.50 | 1,844.43 | 170.10 | 3,593.22 | 1,352.63 | 739.47 | 684.87 | 2,347.96 | 203.19 | 2,430.91 | 4,831.24 |
| Divvy CC | 2,172.04 | 1,199.00 | 2,849.85 | 3,183.53 | 2,827.37 | 5,778.65 | 3,504.45 | 2,364.42 | 1,690.66 | 4,611.91 | 2,386.76 | 6,437.80 |
| Total Credit Cards | $67,211.60 | $57,295.76 | $41,396.86 | $42,948.70 | $56,282.76 | $49,750.66 | $48,621.77 | $50,663.09 | $56,691.99 | $74,645.62 | $77,088.86 | $84,787.10 |
| Other Current Liabilities |
| Direct Deposit Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payroll Liabilities | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CO Income Tax | 73.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CO Local Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CO Unemployment Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CT Income Tax | | 0.00 | 0.00 | 0.00 | 0.00 | 358.33 | 615.59 | 486.96 | 486.96 | 744.22 | 1,001.48 | -77.65 |
| CT Paid Family and Medical Leave | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.92 | 53.84 | 80.76 | 40.38 | 67.30 | 91.40 |
| CT Unemployment Tax | | 0.00 | 0.00 | 0.00 | 0.00 | 228.31 | 400.62 | 572.93 | 480.00 | 0.00 | 0.00 | 0.00 |
| Federal Taxes (941/944) | 3,089.29 | 0.00 | 0.00 | 4,792.65 | 4,792.57 | 0.00 | 0.00 | 0.00 | 0.00 | 7,502.47 | 8,185.74 | 0.00 |
| Federal Unemployment (940) | 0.00 | 23.66 | 82.38 | 84.00 | 84.00 | 168.00 | 444.70 | 554.42 | 158.62 | 158.62 | 200.62 | 200.62 |
| IL Income Tax | 1,562.10 | 650.72 | 1,301.44 | 1,952.16 | 1,301.44 | 1,986.04 | 1,415.19 | 1,586.13 | 1,587.28 | 2,395.49 | 1,612.86 | 1,612.86 |
| IL Unemployment Tax | 0.00 | 16.23 | 48.68 | 30.95 | 30.95 | 30.95 | 200.72 | 394.98 | 452.95 | 21.15 | 21.15 | 21.15 |
| MA Income Tax | | 62.11 | 310.65 | 434.92 | 434.92 | 764.36 | 999.54 | 519.01 | 204.25 | 536.83 | 1,053.39 | 432.25 |
| MA Paid Family and Medical Leave | | 10.10 | 50.50 | 70.70 | 70.70 | 97.67 | 118.03 | 91.22 | 106.08 | 75.54 | 127.49 | 171.69 |
| MA Unemployment Tax | | 5.33 | 168.27 | 230.09 | 230.09 | 393.91 | 517.55 | 405.97 | 4.83 | 4.83 | 14.19 | 4.45 |
| MD Income Tax | | 0.00 | 0.00 | 413.86 | 827.72 | 1,241.58 | 1,448.51 | 1,448.51 | 0.00 | 0.00 | 0.00 | 0.00 |
| MD Unemployment Tax | | 0.00 | 0.00 | 140.00 | 221.00 | 221.00 | 361.00 | 442.00 | 221.00 | 0.00 | 0.00 | 0.00 |
| NY MCTMT Employer Tax | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| NYS Employment Taxes | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 196.93 | 377.60 | 0.00 | 0.00 | 0.00 |
| NYS Income Tax | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 312.30 | 624.60 | 468.45 | 780.75 | 312.30 |
| SMPLIRA | 3,611.85 | 914.88 | 4,594.66 | 2,795.16 | 2,795.16 | -1,585.80 | 2,488.96 | 8,011.98 | -2,013.88 | 972.50 | 8,959.85 | -2,013.88 |
| TX Unemployment Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Payroll Liabilities | $8,336.24 | $1,683.03 | $6,556.58 | $10,944.49 | $10,788.55 | $3,904.35 | $9,037.33 | $15,077.18 | $2,771.05 | $12,920.48 | $22,024.82 | $755.19 |
| Total Other Current Liabilities | $8,336.24 | $1,683.03 | $6,556.58 | $10,944.49 | $10,788.55 | $3,904.35 | $9,037.33 | $15,077.18 | $2,771.05 | $12,920.48 | $22,024.82 | $755.19 |
| Total Current Liabilities | $75,547.84 | $58,978.79 | $47,953.44 | $53,893.19 | $67,071.31 | $53,655.01 | $57,659.10 | $65,740.27 | $59,463.04 | $87,566.10 | $99,113.68 | $86,542.29 |
| Long-Term Liabilities |
| Notes Payable | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CHICAGO ERF | | 0.00 | 0.00 | 0.00 | 0.00 | 50,000.00 | 49,953.07 | 49,900.61 | 49,852.27 | 49,799.83 | 49,748.76 | 45,856.34 |
| SBA EIDL | | 0.00 | 149,900.00 | 149,900.00 | 149,900.00 | 149,900.00 | 149,900.00 | 149,900.00 | 149,900.00 | 149,900.00 | 149,900.00 | 149,900.00 |
| SBA PPP | 80,000.00 | 80,000.00 | 80,000.00 | 80,000.00 | 80,000.00 | 80,000.00 | 80,000.00 | 80,000.00 | 173,547.00 | 173,547.00 | 173,547.00 | 173,547.00 |
| Total Notes Payable | $80,000.00 | $80,000.00 | $229,900.00 | $229,900.00 | $229,900.00 | $279,900.00 | $279,853.07 | $279,800.61 | $373,299.27 | $373,246.83 | $373,195.76 | $369,303.34 |
| Total Long-Term Liabilities | $80,000.00 | $80,000.00 | $229,900.00 | $229,900.00 | $229,900.00 | $279,900.00 | $279,853.07 | $279,800.61 | $373,299.27 | $373,246.83 | $373,195.76 | $369,303.34 |
| Total Liabilities | $155,547.84 | $138,978.79 | $277,853.44 | $283,793.19 | $296,971.31 | $333,555.01 | $337,512.17 | $345,540.88 | $432,762.31 | $460,812.93 | $472,309.44 | $455,845.63 |
| Equity |
| Opening Balance Equity | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 | -10,903.87 |
| Owner's Equity | -526.85 | -526.85 | -526.85 | -526.85 | -526.85 | -1,526.85 | -1,526.85 | -1,526.85 | -1,526.85 | -1,526.85 | -1,526.85 | -1,526.85 |
| Retained Earnings | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 | 196,125.82 |
| Net Income | -45,963.21 | -56,579.08 | -28,688.79 | -33,160.70 | -19,581.62 | -9,231.45 | -58,296.56 | -121,393.19 | -106,940.39 | -153,923.16 | -71,400.60 | -167,976.09 |
| Total Equity | $138,731.89 | $128,116.02 | $156,006.31 | $151,534.40 | $165,113.48 | $174,463.65 | $125,398.54 | $62,301.91 | $76,754.71 | $29,771.94 | $112,294.50 | $15,719.01 |
| TOTAL LIABILITIES AND EQUITY | $294,279.73 | $267,094.81 | $433,859.75 | $435,327.59 | $462,084.79 | $508,018.66 | $462,910.71 | $407,842.79 | $509,517.02 | $490,584.87 | $584,603.94 | $471,564.64 |
| Saturday, Jul 17, 2021 02:17:11 PM GMT-7 - Accrual Basis |
Batman007
Innovare-SocialInnovationPartners_BalanceSheet1.xlsx
