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:

Financial history as of January 31, 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	--	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
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 Citizendium account. (h) Balance shown includes a donation of 48.25 that was not yet credited by the bank on Feb. 29, 2012

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

• Donate