CZ:Financial report

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Revision as of 17:52, 1 February 2012 by imported>Hayford Peirce (another footnote, reformatting the footnotes so they're easier for the editor)
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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:

Financial history as of January 22, 2012
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 ? 319.90 Donation funds(g) 2,317.29 ?
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.
(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.
(e) See Larry Sanger's notes for details concerning Sept. 2011 through January 2012.
(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.
(g) Hayford Peirce replaces Larry Sanger as Treasurer in late January. Additional donations are collected but the previous balance of funds has not yet, as of January 31st, been transferred to Hayford's dedicated Citizendium account.

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.

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.

See also

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