Post by Valerie on Jan 13, 2011 20:12:18 GMT -8
Firstly, my apologies for having this put up so late - our tax returns are due and while we don’t owe anything, it involves some number-crunching it is easier to do at the same time as the report!
Now, down to the fun stuff:
Starting where we left off in December
After paying rent at the end of November (for December), we were left with $734 in our fund.
Then, during December, we collected $1,093 - this includes: $702 in regular donations, $131 raised by the Vampire Sphere Auction of Dec. 18, and $260 from the “Break Kyle” 50% matching event of the 11th & 18th.
December donations exceeded our expectations, in part due to the generosity mentioned above. A big thanks to all of you who made room in your budgets to keep donating during the holidays, to the Vampire Sphere for their auction donations and to Kyle for letting us try to break him.
We have paid January’s rent, and now have $1,127 in the bank. This means we are on excellent track for being able to have next year’s first month in savings before we leave for greener pastures this spring.
Where this leaves us moving forward
While we incorporated just a few months ago, some of the official licenses are renewed at the beginning of each calendar year rather than 365 days from when you last got one. Renewing our Seattle City Business License will cost us $45. This will be the first non-rent cost to come out of your donations, and this license will not need to be renewed again until January 2012.
Regarding non-rent expenses, we are still not reimbursing ourselves for license or incorporation fees which we have already paid yet.This will be discussed at our annual meeting in March for our members along with other possible uses for NOTR funds to benefit EC. If you are interested in becoming a member to vote on such things, please make sure you sign in once a month, and get your membership application form after 3 months of signing in.
Thank you,
Sarah Bennett
NOTR Treasurer
Now, down to the fun stuff:
Starting where we left off in December
After paying rent at the end of November (for December), we were left with $734 in our fund.
Then, during December, we collected $1,093 - this includes: $702 in regular donations, $131 raised by the Vampire Sphere Auction of Dec. 18, and $260 from the “Break Kyle” 50% matching event of the 11th & 18th.
December donations exceeded our expectations, in part due to the generosity mentioned above. A big thanks to all of you who made room in your budgets to keep donating during the holidays, to the Vampire Sphere for their auction donations and to Kyle for letting us try to break him.
We have paid January’s rent, and now have $1,127 in the bank. This means we are on excellent track for being able to have next year’s first month in savings before we leave for greener pastures this spring.
Where this leaves us moving forward
While we incorporated just a few months ago, some of the official licenses are renewed at the beginning of each calendar year rather than 365 days from when you last got one. Renewing our Seattle City Business License will cost us $45. This will be the first non-rent cost to come out of your donations, and this license will not need to be renewed again until January 2012.
Regarding non-rent expenses, we are still not reimbursing ourselves for license or incorporation fees which we have already paid yet.This will be discussed at our annual meeting in March for our members along with other possible uses for NOTR funds to benefit EC. If you are interested in becoming a member to vote on such things, please make sure you sign in once a month, and get your membership application form after 3 months of signing in.
Thank you,
Sarah Bennett
NOTR Treasurer