Hi everyone.... Boson from Baltimore&#39;s Velocipede bike project here.<br><br>we&#39;re in the midst of calculating our taxes (for the first time........) and we do have an accountant who is graciously helping us out for next to nothing.<br>
<br>anyways, he asked about how much profit we make and we got a little caught off guard;&nbsp; besides the random part/bike we sell (for peanuts) we really don&#39;t make profit.&nbsp; We are entirely volunteer-run, so we don&#39;t need to pay wages.&nbsp; Our landlord is letting us use the place for a song, so beyond utilities and some non-recyclable parts (ie: brake cables) we don&#39;t really have much &quot;costs&quot;<br>
<br>as for profits: While we do sell some used parts and bikes (of which we def. have records of)&nbsp; the primary way our bikes leave the shop is via the build-a-bike program.&nbsp; A volunteer gives us 3 hrs, and we give them a bike/frame in need of work.&nbsp; they then spend time at the shop fixing it.&nbsp; no money is exchanged.<br>
<br>The accountant, not accustomed to this sort of &quot;business&quot; suggest that we consider coming up with something to represent the volunteer hours people give to enroll in the build-a-bike program, after all, they do get a bike out of it.<br>
<br><br>I wanna ask the other collectives out there, how do you handle this?<br>