CZ:Financial report: Difference between revisions
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At this time, your contributions will ''not'' be income tax deductible because we are not a non-profit organization. | At this time, your contributions will ''not'' be income tax deductible because we are not a non-profit organization. | ||
==Financial Report | ==Financial Report== | ||
In late October, 2010, when the Management Council (MC) came into being and began getting organized, it was found that there were no longer any funds available to us for paying the cost of hosting our services. That situation was explained in the announcement made in [http://forum.citizendium.org/index.php/topic,3600.0.html this forum posting] on November 12, 2010. Therefore, the MC began a donation drive in early November. Our financial history from November 2010 to date is shown in the table below: | In late October, 2010, when the Management Council (MC) came into being and began getting organized, it was found that there were no longer any funds available to us for paying the cost of hosting our services. That situation was explained in the announcement made in [http://forum.citizendium.org/index.php/topic,3600.0.html this forum posting] on November 12, 2010. Therefore, the MC began a donation drive in early November. Our financial history from November 2010 to date is shown in the table below: | ||
{| class = wikitable style="margin: 1em auto;" | {| class = wikitable style="margin: 1em auto;" | ||
|+ Financial history as of | |+ Financial history as of May 6, 2011 | ||
! Month!!Donations<br/>during month, $!!Total donations<br/>at month end, $!!Monthly<br/>hosting cost, $!!Paid by!!Funds on hand<br/>at month end, $ | ! Month!!Donations<br/>during month, $!!Total donations<br/>at month end, $!!Monthly<br/>hosting cost, $!!Paid by!!Funds on hand<br/>at month end, $ | ||
|- align=center | |- align=center | ||
Revision as of 17:02, 6 May 2011
Please donate to Citizendium
We are in continuing need of funds to pay for hosting our servers. We have set up a PayPal account to receive and accumulate your donations. The account was seeded on November 10, 2010, with $203 donated by members of the Management Council. Please join them with your donations. You do not need a PayPal account — credit cards are accepted.
Thank you!
At this time, your contributions will not be income tax deductible because we are not a non-profit organization.
Financial Report
In late October, 2010, when the Management Council (MC) came into being and began getting organized, it was found that there were no longer any funds available to us for paying the cost of hosting our services. That situation was explained in the announcement made in this forum posting on November 12, 2010. Therefore, the MC began a donation drive in early November. Our financial history from November 2010 to date is shown in the table below:
| Month | Donations during month, $ |
Total donations at month end, $ |
Monthly hosting cost, $ |
Paid by | Funds on hand at month end, $ |
|---|---|---|---|---|---|
| November 2010 | 2,776.09 | 2,776.09 | 709.85 | Tides Foundation(a) | 2,776.09 |
| December 2010 | 934.33 | 3,710.42 | 559.85(b) | Donation funds | 3,150.57 |
| January 2011 | 101.55 | 3,811.97 | 611.45(c) | Donation funds | 2,640.67 |
| February 2011 | 48.41 | 3,860.38 | 319.90(d) | Donation funds | 2,369.18 |
| March 2011 | 42.89 | 3,903.27 | 319.90 | Donation funds | 2,092.17 |
| April 2011 | 134.88 | 4,038.15 | 319.90 | Donation funds | 1,907.15 |
| May 2011 | 23.97 | 4,062.12 | 319.90 | Donation funds | 1,611.22 |
| Notes: (a) The Tide Foundation paid all costs while Larry Sanger retained control of Citizendium. (b) Lower cost negotiated by Dan Nessett. (c) Includes $51.60 additional cost for time spent moving Citizendium to new 3-server configuration. (d) Further cost lowering for 3-server configuration negotiated by Dan Nessett. | |||||
As shown in the table above, our current remaining funds amount to $1,611.22
Since the current monthly cost for hosting our servers is $319.90, our current funds are sufficient to last us almost 5 months beyond May 22, 2011.
The MC is making every effort to find some university, or philanthropist or charitable non-profit organization to help us with free server facilities or with additional funds. However, we have had no success to date. It appears that we must continue to raise our own funds by donations.
What we will urgently need is for a small number of our members to pledge monthly donations ranging from $11 per month to $17 per month, as shown just below:
- 20 members pledging $17.00 per month would raise $340.00 (which would be $323 after deducting PayPal's fee, sufficient for hosting cost) or
- 25 members pledging $13.50 per month would raise $337.50 (which would be $320 after deducting PayPal's fee, sufficient for hosting cost) or
- 30 members pledging $11.25 per month would raise $337.50 (which would be $320 after deducting PayPal's fee, sufficient for hosting cost)
In Southern California, the cost of seeing a movie at the cinema is $15.