CZ:Financial report: Difference between revisions
imported>Hayford Peirce (Treasurer's report as of May 31, 2012) |
imported>Hayford Peirce (added monthly treasurer's report for June 2012, did some minor editing and rewriting of earlier stuff) |
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{| class = "wikitable" style="border: 3px solid gray;" | {| class = "wikitable" style="border: 3px solid gray;" | ||
|+ Financial history as of | |+ Financial history as of June 30, 2012 | ||
! 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 | ||
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|May 2012|| 28.52||8,063.70||319.90||Donation funds|| | |May 2012|| 28.52||8,063.70||319.90||Donation funds|| | ||
1,454.70 | 1,454.70 | ||
|- align=center | |||
|June 2012|| 81.53||8,145.23||331.90<sup>(i)</sup>||Donation funds|| | |||
1,204.33 | |||
|- align=left | |- align=left | ||
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(e) See Larry Sanger's [[/Sanger notes|notes]] for details concerning Sept. 2011 through January 2012.<br/> | (e) See Larry Sanger's [[/Sanger notes|notes]] for details concerning Sept. 2011 through January 2012.<br/> | ||
(f) PayPal apparently charges approximately a 4.12% fee on donations made to the Citizendium account. The gross sum of donations during this period was actually $250.00.<br/> | (f) PayPal apparently charges approximately a 4.12% fee on donations made to the Citizendium account. The gross sum of donations during this period was actually $250.00.<br/> | ||
(g) Hayford Peirce replaced Larry Sanger as Treasurer in late January. Additional donations were received but the previous balance of funds had not yet, as of January 31st, been transferred to Hayford's dedicated Citizendium account.<br/> | (g) Hayford Peirce replaced Larry Sanger as Treasurer in late January. Additional donations were received but the previous balance of funds had not yet, as of January 31st, been transferred to Hayford's dedicated bank account at Chase maintained solely for the Citizendium account.<br/> | ||
(h) Balance shown includes a donation of 48.25 that was not yet credited by the bank on Feb. 29, 2012<br/> | (h) Balance shown includes a donation of 48.25 that was not yet credited by the bank on Feb. 29, 2012.<br/> | ||
(i) Includes a $12.00 bank service charge for having a monthly balance below the minimum required.<br/> | |||
|} | |} | ||
Revision as of 15:55, 30 June 2012
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 | 72.22 | 4,110.37 | 319.90 | Donation funds | 1,659.47 |
| June 2011 | 33.68 | 4,144.05 | 319.90 | Donation funds | 1,373.25 |
| July 2011 | 216.57 | 4,360.02 | 319.90 | Donation funds | 1,269.92 |
| August 2011 | 143.55 | 4,503.57 | 319.90 | Donation funds | 1,093.57 |
| September 2011 | 602.64 | 5,106.21 | 319.90 | Donation funds | 1,056.41 |
| October 2011 | 1,388.87 | 6,495.08 | 319.90 | Donation funds | 2,125.38 |
| November 2011 | 764.56 | 7,259.64 | 319.90 | Donation funds | 2,570.04 |
| December 2011 | 9.68 | 7,269.32 | 319.90 | Donation funds | 2,259.82 |
| January 2012 #1 | 133.63 | 7,402.95 | 319.90 | Donation funds(e) | 2,073.55 |
| January 2012 #2 | 243.74(f) | 7,646.69 | -- | Donation funds(g) | 2,317.29 |
| February 2012 | 167.37 | 7,814.06 | 319.90 | Donation funds(h) | 2,164.76 |
| March 2012 | 14.26 | 7,828.32 | 319.90 | Donation funds | 1,859.12 |
| April 2012 | 206.86 | 8,035.18 | 319.90 | Donation funds | 1,746.08 |
| May 2012 | 28.52 | 8,063.70 | 319.90 | Donation funds |
1,454.70 |
| June 2012 | 81.53 | 8,145.23 | 331.90(i) | Donation funds |
1,204.33 |
| Notes: (a) Donations via the Tides Foundation paid for all costs while Larry Sanger was Editor-in-Chief of Citizendium. (b) Lower cost negotiated by Dan Nessett. | |||||
Our fiscal months start and end on the 20th (until Sept. 2011, the 16th) of each month because that is when we pay server costs for the coming month. Beginning with February 2012, however, with a new Treasurer in place, the above charts will reflect a calendar month and not the fiscal month. The figures shown will henceforth reflect the financial situation as of the last calendar day of that month.
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.