CZ:Financial report: Difference between revisions

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== Donations prior to 2019 ==
The following information will remain available, but we plan to move it to an archive page soon.
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, as was explained in an announcement made in the forum 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="border: 3px solid gray;"
|+ 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, $
|- align=center
| November 2010 ||2,776.09||2,776.09||709.85||Tides Foundation<sup>(a)</sup>||2,776.09
|- align=center
| December 2010 ||&nbsp; 934.33||3,710.42||&nbsp; 559.85<sup>(b)</sup>||Donation funds||3,150.57
|- align=center
| January 2011 ||&nbsp; 101.55||3,811.97||&nbsp; 611.45<sup>(c)</sup>||Donation funds||2,640.67
|- align=center
| February 2011 ||&nbsp; &nbsp;48.41||3,860.38||&nbsp; 319.90<sup>(d)</sup>||Donation funds||2,369.18
|- align=center
| March 2011 ||&nbsp; &nbsp;42.89||3,903.27||319.90||Donation funds||2,092.17
|- align=center
| April 2011 ||&nbsp; &nbsp;134.88||4,038.15 ||319.90||Donation funds||1,907.15
|- align=center
| May 2011 ||&nbsp; &nbsp;72.22||4,110.37 ||319.90||Donation funds||1,659.47
|- align=center
| June 2011 ||&nbsp; &nbsp;33.68||4,144.05 ||319.90||Donation funds||1,373.25
|- align=center
| July 2011 ||&nbsp; &nbsp;216.57||4,360.02 ||319.90||Donation funds||1,269.92
|- align=center
|August 2011 ||&nbsp; &nbsp;143.55||4,503.57 ||319.90||Donation funds||1,093.57
|- align=center
|September 2011||&nbsp; &nbsp;602.64||5,106.21 ||319.90||Donation funds||1,056.41
|- align=center
|October 2011||&nbsp; &nbsp;1,388.87||6,495.08 ||319.90||Donation funds||2,125.38
|- align=center
|November 2011||&nbsp; &nbsp;764.56||7,259.64 ||319.90||Donation funds||2,570.04
|- align=center
|December 2011||&nbsp; &nbsp;9.68||7,269.32 ||319.90||Donation funds||2,259.82
|- align=center
|January 2012 #1||&nbsp; &nbsp;133.63||7,402.95 ||319.90||Donation funds<sup>(e)</sup>||2,073.55
|- align=center
|January 2012 #2||&nbsp; &nbsp;243.74(f)||7,646.69  || -- ||Donation funds<sup>(g)</sup>||2,317.29
|- align=center
|February 2012||&nbsp; &nbsp;167.37||7,814.06 ||319.90||Donation funds<sup>(h)</sup>||2,164.76
|- align=center
|March 2012||&nbsp; &nbsp;14.26||7,828.32 ||319.90||Donation funds||1,859.12
|- align=center
|April 2012||&nbsp; &nbsp;206.86||8,035.18||319.90||Donation funds||1,746.08
|- align=center
|May 2012||&nbsp; &nbsp;28.52||8,063.70||319.90||Donation funds||1,454.70
|- align=center
|June 2012||&nbsp; &nbsp;81.53||8,145.23||331.90<sup>(i)</sup>||Donation funds||1,204.33
|- align=center
|July 2012||&nbsp; &nbsp;121.97||8,267.20||331.90<sup>(i)</sup>||Donation funds||994.40
|- align=center
|August 2012||&nbsp; &nbsp;1,133.31||9,400.50||331.90<sup>(i)</sup>||Donation funds||1,795.81
|- align=center
|September 2012||&nbsp; &nbsp;442.98||9,843.48||319.90||Donation funds||1,918.89
|- align=center
|October 2012||&nbsp; &nbsp;404.84||10,248.32||319.90||Donation funds||2,003.83
|- align=center
|November 2012||&nbsp; &nbsp;242.39||10,490.71||319.90||Donation funds||1,926.32
|- align=center
|December 2012||&nbsp; &nbsp;408.09||10,898.48||319.90||Donation funds||2,014.51
|- align=center
|January 2013||&nbsp; &nbsp;379.55||11,278.03||319.90||Donation funds||2,074.16
|- align=center
|February 2013||&nbsp; &nbsp;197.87||11,475.90||319.90||Donation funds||1,952.13
|- align=center
|March 2013||&nbsp; &nbsp;586.18||12,062.08||319.90||Donation funds||2,218.41
|- align=center
|April 2013||&nbsp; &nbsp;134.51||12,196.59||319.90||Donation funds||2,033.02
|- align=center
|May 2013||&nbsp; &nbsp;376.21||12,572.80||319.90||Donation funds||2,089.33
|- align=center
|June 2013||&nbsp; &nbsp;212.44||12,785.20||319.90||Donation funds||1,981.87
|- align=center
|July 2013||&nbsp; &nbsp;221.82||13,007.02||319.90||Donation funds||1,883.79
|- align=center
|August 2013||&nbsp; &nbsp;227.52||13,219.46||319.90||Donation funds||1,791.41
|- align=center
|September 2013||&nbsp; &nbsp;97.35||13,316.81||369.87<sup>(j)</sup>||Donation funds||1,518.84
|- align=center
|October 2013||&nbsp; &nbsp;398.99<sup>(k)</sup>||13,715.80||431.85<sup>(l)</sup>||Donation funds||1,486.03
|- align=center
|November 2013<sup>(m)</sup>||&nbsp; &nbsp;356.51<sup>(k)</sup>||14,072.31||431.85<sup>(l)</sup>||Donation funds||1,410.69
|- align=center
|December 2013||&nbsp; &nbsp;505.06<sup>(k)</sup>||14,577.37||431.85<sup>(l)</sup>||Donation funds||1,483.90
|- align=center
|January 2014||&nbsp; &nbsp;433.65<sup>(k)</sup>||15,011.02||431.85<sup>(l)</sup>||Donation funds||1,485.70
|- align=center
|February 2014||&nbsp; &nbsp;520.56<sup>(k)</sup>||15,531.58||431.85<sup>(l)</sup>||Donation funds||1,574.41
|- align=center
|March 2014||&nbsp; &nbsp;424.76<sup>(k)</sup>||15,956.34||431.85<sup>(l)</sup>||Donation funds||1,567.32
|- align=center
|April 2014||&nbsp; &nbsp;361.43<sup>(k)</sup>||16,317.77||431.85<sup>(l)</sup>||Donation funds||1,496.90
|- align=center
|May 2014||&nbsp; &nbsp;438.51<sup>(k)</sup>||16,756.28||431.85<sup>(l)</sup>||Donation funds||1,503.56
|- align=center
|June 2014||&nbsp; &nbsp;476.29<sup>(k)</sup>||17,232.57||431.85<sup>(l)</sup>||Donation funds||1,548.00
|- align=center
|July 2014||&nbsp; &nbsp;448.92<sup>(k)</sup>||17,681.49||419.85<sup></sup>||Donation funds||1,577,07
|- align=center
|August 2014||&nbsp; &nbsp;400.37<sup>(k)</sup>||18,081.86||431.85<sup>(l)</sup>||Donation funds||1,545.59
|- align=center
|September 2014||&nbsp; &nbsp;433.15<sup>(k)</sup>||18,515.01||431.85<sup>(l)</sup>||Donation funds||1,546.89
|- align=center
|October 2014||&nbsp; &nbsp;79.00||18,594.01||431.85<sup>(l)</sup>||Donation funds||1,194.04
|- align=center
|November 2014||&nbsp; &nbsp;117.22||18,639.01||431.85<sup>(l)</sup>||Donation funds||879.41
|- align=center
|December 2014||&nbsp; &nbsp;160.62||18,799.63||111.95<sup>(n)</sup>||Donation funds||928.08
|- align=center
|January 2015||&nbsp; &nbsp;80.08||18,879.71||111.95<sup>(n)</sup>||Donation funds||896.21
|- align=center
|February 2015||&nbsp; &nbsp;210.56||19,090.27||111.95<sup>(n)</sup>||Donation funds||994.82
|- align=center
|March 2015||&nbsp; &nbsp;98.10||19,188.37||111.95<sup>(n)</sup>||Donation funds||980.97
|- align=center
|April 2015||&nbsp; &nbsp;45.00||19,233.37||111.95<sup>(n)</sup>||Donation funds||914.02
|- align=center
|May 2015||&nbsp; &nbsp;139.79||19,373.16||111.95<sup>(n)</sup>||Donation funds||941.86
|- align=center
|June 2015||&nbsp; &nbsp;98.10||19,471.26||111.95<sup>(n)</sup>||Donation funds||928.01
|- align=center
|July 2015||&nbsp; &nbsp;108.33||19,579.59||111.95<sup>(n)</sup>||Donation funds||924.39
|- align=center
|August 2015||&nbsp; &nbsp;108.33||19,687.92||111.95<sup>(n)</sup>||Donation funds||920.77
|- align=center
|September 2015||&nbsp; &nbsp;118.25||19,805.17||111.95<sup>(n)</sup>||Donation funds||927.07
|- align=center
|October 2015||&nbsp; &nbsp;96.16||19,901.33||111.95<sup>(n)</sup>||Donation funds||911.28
|- align=center
|November 2015||&nbsp; &nbsp;124.36||20,025.69||111.95<sup>(n)</sup>||Donation funds||923.69
|- align=center
|December 2015||&nbsp; &nbsp;145.55||20,171.24||111.95<sup>(n)</sup>||Donation funds||957.29
|- align=center
|January 2016||&nbsp; &nbsp;120.82||20,292.06||111.95<sup>(n)</sup>||Donation funds||966.16
|- align=center
|February 2016||&nbsp; &nbsp;119.86||20,411.92||111.95<sup>(n)</sup>||Donation funds||974.07
|- align=center
|March 2016||&nbsp; &nbsp;45.00||20,456.92||111.95<sup>(n)</sup>||Donation funds||907.12
|- align=center
|April 2016||&nbsp; &nbsp;45.00||20,506.92||111.95<sup>(n)</sup>||Donation funds||840.17
|- align=center
|May 2016||&nbsp; &nbsp;141.80||20,648.72||111.95<sup>(n)</sup>||Donation funds||870.02
|- align=center
|June 2016||&nbsp; &nbsp;136.44||20,785.16||111.95<sup>(n)</sup>||Donation funds||894.51
|- align=center
|July 2016||&nbsp; &nbsp;93.25||20,878.41||111.95<sup>(n)</sup>||Donation funds||875.81
|- align=center
|August 2016||&nbsp; &nbsp;106.40||20,984.81||111.95<sup>(n)</sup>||Donation funds||870.26
|- align=center
|September 2016||&nbsp; &nbsp;54.31||21,039.12||111.95<sup>(n)</sup>||Donation funds||812.62
|- align=center
|October 2016||&nbsp; &nbsp;253.28||21,292.40||111.95<sup>(n)</sup>||Donation funds||953.95
|- align=center
|November 2016||&nbsp; &nbsp;117.52||21,409.92||111.95<sup>(n)</sup>||Donation funds||959.52
|- align=center
|December 2016||&nbsp; &nbsp;587.56||21,997.48||111.95<sup>(n)</sup>||Donation funds||1,435.13
|- align=center
|January 2017||&nbsp; &nbsp;284.85||22,282.33||99.95<sup>(o)</sup>||Donation funds||1,620.03
|- align=center
|February 2017||&nbsp; &nbsp;199.36||22,481.69||99.95<sup></sup>||Donation funds||1,719.44
|- align=center
|March 2017||&nbsp; &nbsp;117.22||22,598.91||99.95<sup></sup>||Donation funds||1,736.71
|- align=center
|April 2017||&nbsp; &nbsp;93.25||22,692.16||99.95<sup></sup>||Donation funds||1,730.01
|- align=center
|May 2017||&nbsp; &nbsp;164.72||22,856.88||99.95<sup></sup>||Donation funds||1,794.78
|- align=center
|June 2017||&nbsp; &nbsp;117.22||22,974.10||99.95<sup></sup>||Donation funds||1,812.05
|- align=center
|July 2017||&nbsp; &nbsp;93.25||23,067.35||99.95<sup></sup>||Donation funds||1,805.35
|- align=center
|August 2017||&nbsp; &nbsp;221.41||23,288,76||99.95<sup></sup>||Donation funds||1,926.81
|- align=center
|September 2017||&nbsp; &nbsp;84.55||23,373.31||99.95<sup></sup>||Donation funds||1,911.41
|- align=center
|October 2017||&nbsp; &nbsp;142.16||23,515.47||99.95<sup></sup>||Donation funds||1,953.62
|- align=center
|November 2017||&nbsp; &nbsp;252.34||23,767.81||99.95<sup></sup>||Donation funds||2,106.01
|- align=center
|December 2017||&nbsp; &nbsp;1,015.70||24,783.51||99.95<sup></sup>||Donation funds||3,021.76
|- align=center
|January 2018||&nbsp; &nbsp;125.76||24,909.27||99.95<sup></sup>||Donation funds||3,047.57
|- align=center
|February 2018||&nbsp; &nbsp;215.05||25,124.32||99.95<sup></sup>||Donation funds||3,162.67
|- align=center
|March 2018||&nbsp; &nbsp;30.00||25,154.32||99.95<sup></sup>||Donation funds||3,092.72
|- align=center
|April 2018||&nbsp; &nbsp;126.80||25,281.12||99.95<sup></sup>||Donation funds||3,119.57
|- align=center
|May 2018||&nbsp; &nbsp;175.05||25,456.17||99.95<sup></sup>||Donation funds||3,194.67
|- align=center
|June 2018||&nbsp; &nbsp;129.62||25,585.79||99.95<sup></sup>||Donation funds||3,224.34
|- align=center
|July 2018||&nbsp; &nbsp;56.79||25,642.58||99.95<sup></sup>||Donation funds||3,181.18
|- align=center
|August 2018||&nbsp; &nbsp;129.62||25,772.20||99.95<sup></sup>||Donation funds||3,210.85
|- align=center
|September 2018||&nbsp; &nbsp;30.00||25,802.20||99.95<sup></sup>||Donation funds||3,140.90
|- align=center
|October 2018||&nbsp; &nbsp;126.80||25,929.00||99.95<sup></sup>||Donation funds||3,167.75
|- align=center
|November 2018||&nbsp; &nbsp;39.92||25,938.92||99.95<sup></sup>||Donation funds||3,107.72
|- align=center
|December 2018||&nbsp; &nbsp;30.00||25,968.92||99.95<sup></sup>||Donation funds||3,037.77
|- align=center
|colspan=6|Notes:<br/>(a) Donations via the Tides Foundation paid for all costs while Larry Sanger was Editor-in-Chief of Citizendium.<br/>
(b) Lower cost negotiated by Dan Nessett.<br/>
(c) Includes $51.60 additional cost for time spent moving  Citizendium to new 3-server configuration.<br/>
(d) Further cost lowering for 3-server configuration negotiated by Dan Nessett.<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/>
(g) Hayford Peirce replaced Larry Sanger as Treasurer in late January of 2012. 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/>
(i) Includes a $12.00 bank service charge for having a monthly balance below the minimum required.<br/>
(j) Includes an extra $49.97 for a half-month by the service provider as we begin the migration to a cheaper service. While this is being worked on by the technical staff, we are temporarily paying two monthly charges.<br/>
(k) $319.90 of this total has been contributed by one of our techs as a special extra donation to cover the cost of the old servers while he works to migrate us to a cheaper service. To see the actual normal donations, deduct this amount.
<br/>
(l) Includes an extra $99.95 for a full month by the service provider as we continue the migration to a cheaper service. While this is being worked on by the technical staff, we are temporarily paying two monthly charges, the original $319.90 plus the extra $99.95.  As stated in Footnote (k), one of our techs is making a special donation to cover the $319.90.  It also includes a $12.00 bank charge for having a monthly balance below the minimum required.<br/>
(m) A number of donations are made towards the end of the month, generally via PayPal. Because it takes several days for our bank account to process PayPal transfers, it is easier for me to do the bookkeeping if I wait until the 4th or 5th of the following month to process the accounts—this way my figures of money in and money out jibe with the bank figures of what is actually in our account.<br/>
(n) The migration to a cheaper service is now complete. The monthly charge by the service provider will be $99.95. This month also includes a $12.00 bank charge for having a monthly balance below the minimum required.<br/>
(o) Our bank account was over the average minimum balance for the first time in a couple of years, hence there was no service charge.
<br/>
|}
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.
<br/>
'''What we will urgently need is for a small number of our members to pledge  monthly donations ranging from $5.80 per month to $11.60 per month, as shown just below:
:20 members pledging $5.80 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or
:15 members pledging $7.74 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or
:10 members pledging $11.60 per month would raise $116.00 (which would be $112 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 ==
== See also ==
*[[CZ:Donate|Donate]]
*[[CZ:Donate|Donate]]

Revision as of 17:00, 25 June 2020

Current financial situation

We need our members to pledge monthly donations ranging from $5.80 per month to $11.60 per month, as shown just below:

20 members pledging $5.80 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or
15 members pledging $7.74 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or
10 members pledging $11.60 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost)

In Southern California, the cost of seeing a movie at the cinema is $15. Please make your donations here.

Financial history as of June 30, 2012
Month Donations
during month, $
Total donations
at month end, $
Monthly
hosting cost, $
Paid by Funds on hand
at month end, $
January 2019    30.00 25,968.92 99.95 Donation funds 2,967.82
February 2019    5.00 25,973.92 99.95 Donation funds 2,872.87
March 2019    5.00 25,978.92 99.95 Donation funds 2,777.92
April 2019    5.00 25,983.92 99.95 Donation funds 2,682.97
May 2019    123.48 26,107.40 99.95 Donation funds 2,706.50
June 2019    5.00 26,112.40 99.95 Donation funds 2,611.55
July 2019    5.00 26,117.40 99.95 Donation funds 2,516.60
August 2019    19.04 26,136.44 99.95 Donation funds 2,435.69
September 2019    5.00 26,141.44 99.95 Donation funds 2,340.74
October 2019    5.00 26,146.44 99.95 Donation funds 2,245.79
November 2019    5.00 26,151.44 99.95 Donation funds 2,150.84
December 2019    5.00 26,156.44 99.95 Donation funds 2,055.89
January 2020    138.85 26,295.29 99.95 Donation funds 2,094.79
February 2020    5.00 26,300.29 99.95 Donation funds 1,999.84
March 2020    5.00 26,305.29 99.95 Donation funds 1,904.89
April 2020    5.00 26,310.29 99.95 Donation funds 1,809.94
May 2020    5.00 26,315.29 99.95 Donation funds 1,714.99
Notes:

(a) A number of donations are made towards the end of the month, generally via PayPal. Because it takes several days for our bank account to process PayPal transfers, it is easier for me to do the bookkeeping if I wait until the 4th or 5th of the following month to process the accounts—this way my figures of money in and money out jibe with the bank figures of what is actually in our account.
(b) The migration to a cheaper service is now complete. The monthly charge by the service provider will be $99.95. This month also includes a $12.00 bank charge for having a monthly balance below the minimum required.
(c) Our bank account was over the average minimum balance for the first time in a couple of years, hence there was no service charge.
(d) The bank requires a balance of $1500 in order to avoid monthly fees.
(e) The above charts reflect a calendar month and not the fiscal month. The figures shown reflect the financial situation as of the last calendar day of that month.


Financial Report Archives
Archive 1, 6-26-2020: Financial_report/Archive1

See also