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CZ:Financial report

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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 June 30, 2012
MonthDonations
during month, $		Total donations
at month end, $		Monthly
hosting cost, $		Paid byFunds on hand
at month end, $
November 2010 2,776.092,776.09709.85Tides Foundation(a)2,776.09
December 2010   934.333,710.42  559.85(b)Donation funds3,150.57
January 2011   101.553,811.97  611.45(c)Donation funds2,640.67
February 2011    48.413,860.38  319.90(d)Donation funds2,369.18
March 2011    42.893,903.27319.90Donation funds2,092.17
April 2011    134.884,038.15 319.90Donation funds1,907.15
May 2011    72.224,110.37 319.90Donation funds1,659.47
June 2011    33.684,144.05 319.90Donation funds1,373.25
July 2011    216.574,360.02 319.90Donation funds1,269.92
August 2011    143.554,503.57 319.90Donation funds1,093.57
September 2011   602.645,106.21 319.90Donation funds1,056.41
October 2011   1,388.876,495.08 319.90Donation funds2,125.38
November 2011   764.567,259.64 319.90Donation funds2,570.04
December 2011   9.687,269.32 319.90Donation funds2,259.82
January 2012 #1   133.637,402.95 319.90Donation funds(e)2,073.55
January 2012 #2   243.74(f)7,646.69 -- Donation funds(g)2,317.29
February 2012   167.377,814.06 319.90Donation funds(h)2,164.76
March 2012   14.267,828.32 319.90Donation funds1,859.12
April 2012   206.868,035.18319.90Donation funds1,746.08
May 2012   28.528,063.70319.90Donation funds1,454.70
June 2012   81.538,145.23331.90(i)Donation funds1,204.33
July 2012   121.978,267.20331.90(i)Donation funds994.40
August 2012   1,133.319,400.50331.90(i)Donation funds1,795.81
September 2012   442.989,843.48319.90Donation funds1,918.89
October 2012   404.8410,248.32319.90Donation funds2,003.83
November 2012   242.3910,490.71319.90Donation funds1,926.32
December 2012   408.0910,898.48319.90Donation funds2,014.51
January 2013   379.5511,278.03319.90Donation funds2,074.16
February 2013   197.8711,475.90319.90Donation funds1,952.13
March 2013   586.1812,062.08319.90Donation funds2,218.41
April 2013   134.5112,196.59319.90Donation funds2,033.02
May 2013   376.2112,572.80319.90Donation funds2,089.33
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.
(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 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.
(h) Balance shown includes a donation of 48.25 that was not yet credited by the bank on Feb. 29, 2012.
(i) Includes a $12.00 bank service charge for having a monthly balance below the minimum required.

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.

See also

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