Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.56x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
12th percentile
Faster revenue growth than 12% of similar nonprofits.
Balance Sheet
Assets
Down$174,946
Down $50,771 (-22%) from 2013
Net Assets
Down$76,866
Down $86,108 (-53%) from 2013
Liabilities
Up$98,080
Up $35,337 (+56%) from 2013
Revenue And Expenses
Revenue
Down$21,795
Down $14,263 (-40%) from 2013
Expenses
Up$107,929
Up $39,470 (+58%) from 2013
Net Income
Down-$86,134
Down $53,733 (-166%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- Oct 17, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $25,720
Mission and Program Overview
Mission
To expand educational opportunities for young people at manchester elementary middle school through private philanthropy.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE FRIENDS FOUNDATION FOR MEMS IS A NONPROFIT ORGANIZATION DEDICATED TO EXPANDING OPPORTUNITIES FOR YOUNG PEOPLE AT MANCHESTER ELEMENTARY MIDDLE SCHOOL THROUGH PRIVATE PHILANTHROPY. | $103,264 | $103,264 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MATT LANGDON | Director | - | $0 | - | - |
| BILLY BROWNLEE | Secretary | - | $0 | - | - |
| MARY JO GOURD | Director | - | $0 | - | - |
| ANDREA KAPLAN | Director | - | $0 | - | - |
| PATTI MCGRATH | Director | - | $0 | - | - |
| SARAH MERRIILL | Director | - | $0 | - | - |
| BILL DRUNSIC | President/Treas | - | $0 | - | - |
| BETSY MEMO | Director | - | $0 | - | - |
| CRAIG APPLEYARD | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 54-2067718
- Phone
- 8023621597
Signing Officer
- Name
- Bill Drunsic
- Title
- Treasurer
- Signed
- 2014-10-17
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Jennifer a Swenor
- Phone
- 8023621946
Supplemental Narrative
Additional Explanations
Grants and Similar Amounts Paid In Excess of $5,000.1
“Class of Activity: GENERAL GRANT | Donee's Name: MANCHESTER SCHOOL DISTRICT | Donee's Address: P.O. BOX 1586 MANCHESTER CENTER, VT 05255 | Relationship of Donee: NONE | Cash Amount Given: $103264”
Other Expenses.1012
“Insurance $750”
Other Expenses.3
“Charge card expenses $123”
Other Expenses.4
“BANK CHARGES $120”
Other Assets.1006
“Pledges and Grants Receivable - Beginning $1963 Pledges and Grants Receivable - Ending $1620”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $62743 Accounts Payable and Accrued Expenses - Ending $98080”
Raw XML Appendix187 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | BILL DRUNSIC TREASURER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8025495611 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | PO BOX 390 |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | MANCHESTER CTR |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | VT |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 05255 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 223754 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 173326 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 14078 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -86134 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1100 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 225717 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 174946 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 11165 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 103264 |
| IRS990EZ/GrossReceiptsAmt | 0 | 25720 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 477 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 162974 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 76866 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 162974 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 76866 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MATT LANGDON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BILLY BROWNLEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MARY JO GOURD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ANDREA KAPLAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | PATTI MCGRATH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | SARAH MERRIILL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | BILL DRUNSIC |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | BETSY MEMO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | CRAIG APPLEYARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | President/Treas |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1963 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1620 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 26 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 993 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO EXPAND EDUCATIONAL OPPORTUNITIES FOR YOUNG PEOPLE AT MANCHESTER ELEMENTARY MIDDLE SCHOOL THROUGH PRIVATE PHILANTHROPY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 2572 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FRIENDS FOUNDATION FOR MEMS IS A NONPROFIT ORGANIZATION DEDICATED TO EXPANDING OPPORTUNITIES FOR YOUNG PEOPLE AT MANCHESTER ELEMENTARY MIDDLE SCHOOL THROUGH PRIVATE PHILANTHROPY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 103264 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 103264 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 3925 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 7240 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 62743 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 98080 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 107929 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 103264 |
| IRS990EZ/TotalRevenueAmt | 0 | 21795 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 14078 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 28016 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 41748 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 43307 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 145384 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 272533 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 503 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 624 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1213 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1438 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1385 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 5163 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 7240 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 7418 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 16835 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 48312 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 79805 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.56030 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.57010 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 200323 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 72210 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 14078 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 28016 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 41748 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 43307 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 145384 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 272533 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 357501 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Class of Activity: GENERAL GRANT | Donee's Name: MANCHESTER SCHOOL DISTRICT | Donee's Address: P.O. BOX 1586 MANCHESTER CENTER, VT 05255 | Relationship of Donee: NONE | Cash Amount Given: $103264 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Insurance $750 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CHARGE CARD EXPENSES $123 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BANK CHARGES $120 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Pledges and Grants Receivable - Beginning $1963 Pledges and Grants Receivable - Ending $1620 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Accounts Payable and Accrued Expenses - Beginning $62743 Accounts Payable and Accrued Expenses - Ending $98080 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Grants and Similar Amounts Paid In Excess of $5,000.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Assets.1006 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Total Liabilities.1001 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BILL DRUNSIC |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-10-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | FRIENDS FOUNDATION FOR MEMS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FRIE |
| ReturnHeader/Filer/EIN | 0 | 542067718 |
| ReturnHeader/Filer/PhoneNum | 0 | 8023621597 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 390 |
| ReturnHeader/Filer/USAddress/City | 0 | MANCHESTER CENTER |
| ReturnHeader/Filer/USAddress/State | 0 | VT |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 05255 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | SPIVEY LEMONIK SWENOR PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | PO BOX 1349 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | MANCHESTER CENTER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | VT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 052551349 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8023621946 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JENNIFER A SWENOR |
| ReturnHeader/ReturnTs | 0 | 2014-10-23T12:37:01-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-06-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $174,946
- Liabilities
- $98,080
- Net assets
- $76,866
- Revenue
- $21,795
- Expenses
- $107,929
- Net income
- -$86,134