CZ: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 | 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 | 282.74 | 4,786.31 | 319.90 | Donation funds | 1,056.41 |
| October 2011 (to date) | 296.00 | 5,082.31 | 0 (319.90 to be paid) | Donation funds | 1,352.41* |
| Notes: (a) The Tides 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. | |||||
- Amount, if no donations are made before end of October, will be $1,032.51.
Our fiscal months start and end on the 16th of each month because that is when we pay server costs for the coming month. As shown in the table above, our current remaining funds amount to $630.12 which will be adjusted if and when further donations are received during the current month.
Since the current monthly cost for hosting our servers is $319.90, our current funds are sufficient to last us until January.
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.