Post by Valerie on Apr 7, 2011 20:01:15 GMT -8
We started March with $1135 in the bank. We made $772 this month - more than we made last month and well in line with our earning goals! Thanks to all of you again for such a successful month!
Outgoing expenses were rent for April, $72 to reimburse me for NOTR's founding fees, and another $12 from our bank. This puts us at $1123 as of today - not bad at all! It's very close to where we started the month, which is impressive considering the couple extra expenses we had on top of rent.
Regarding the $12 - last month we talked about switching banks to one where we don't get charged a monthly fee. It turns out there aren't many of these banks left, and the one we were able to find requires a whole lot of paperwork from the state that the first one didn't which it is taking some time to organize.
However, all is not lost: the bank we are currently with is working on protecting our account against money-eating fees as we are a non-profit, and if they can't come through in the next couple weeks we'll transfer banks anyway and I, Sarah will throw $24 at the NOTR fund in May to reimburse the NPO for these lost funds.
Between now and the beginning of next month, some important things are happening, most of which are the result of the vote held by the NOTR membership on March 19th:
* NOTR will be paying $90 to Chris for the hosting fees of these websites/forums/staff email addresses/XP spend forms/so on, which until this point he has been paying out of pocket for. That's $45/month each month for March and April. In future months, we will be paying $45/month to Chris to continue doing this.
Other important things are happening in the beginning of May as well which will hopefully set us up for financial success during the summer:
* During the meeting, the members of NOTR voted to devote $45/month for three months (May, June, and July) to starting a snack bar. If the snack bar succeeds, we'll make more than our investment back from it, and if it fails we cut it loose after 3 months so it doesn't become a money pit. Kaine has already covered that in this thread: vampst.proboards.com/index.cgi?board=OOC&action=display&thread=12722
* We go back outside! NOTR voted to allow all members of EC present at game on March 26th to decide when we went back to playing outside. It was decided that the first weekend of May, we'll go back to playing outdoors, which means no rent for a few months until it gets cold and we go back inside. This means money raised this month will go to pay for summer expenses as well as giving us a great foundation for starting out next fall with. More info on EC's move back outside is available here: vampst.proboards.com/index.cgi?board=OOC&action=display&thread=12746
We do still have a PayPal account, and we still haven't had anyone donate to it. While it doesn't cost anything to have it open, we opened it in the hopes people would use it - as the summer comes and the presence of a donation table everybody has to pass by goes away, we hope that online donation will allow us to continue meeting our goal of returning to the BGC in the fall with 2x rent in the bank. Expenses do obviously reduce in the summer as we won't be paying rent, but there are smaller expenses we will need to take care of (website, starting the snack table) and they will steadily whittle down our savings if we don't receive any donations for the time we're outdoors.
Thank you again to everyone for making this such a successful season as things draw to a close for our time indoors! This is a 5-week month, so hopefully we can end our donation-table season on a good note!
Sarah
Outgoing expenses were rent for April, $72 to reimburse me for NOTR's founding fees, and another $12 from our bank. This puts us at $1123 as of today - not bad at all! It's very close to where we started the month, which is impressive considering the couple extra expenses we had on top of rent.
Regarding the $12 - last month we talked about switching banks to one where we don't get charged a monthly fee. It turns out there aren't many of these banks left, and the one we were able to find requires a whole lot of paperwork from the state that the first one didn't which it is taking some time to organize.
However, all is not lost: the bank we are currently with is working on protecting our account against money-eating fees as we are a non-profit, and if they can't come through in the next couple weeks we'll transfer banks anyway and I, Sarah will throw $24 at the NOTR fund in May to reimburse the NPO for these lost funds.
Between now and the beginning of next month, some important things are happening, most of which are the result of the vote held by the NOTR membership on March 19th:
* NOTR will be paying $90 to Chris for the hosting fees of these websites/forums/staff email addresses/XP spend forms/so on, which until this point he has been paying out of pocket for. That's $45/month each month for March and April. In future months, we will be paying $45/month to Chris to continue doing this.
Other important things are happening in the beginning of May as well which will hopefully set us up for financial success during the summer:
* During the meeting, the members of NOTR voted to devote $45/month for three months (May, June, and July) to starting a snack bar. If the snack bar succeeds, we'll make more than our investment back from it, and if it fails we cut it loose after 3 months so it doesn't become a money pit. Kaine has already covered that in this thread: vampst.proboards.com/index.cgi?board=OOC&action=display&thread=12722
* We go back outside! NOTR voted to allow all members of EC present at game on March 26th to decide when we went back to playing outside. It was decided that the first weekend of May, we'll go back to playing outdoors, which means no rent for a few months until it gets cold and we go back inside. This means money raised this month will go to pay for summer expenses as well as giving us a great foundation for starting out next fall with. More info on EC's move back outside is available here: vampst.proboards.com/index.cgi?board=OOC&action=display&thread=12746
We do still have a PayPal account, and we still haven't had anyone donate to it. While it doesn't cost anything to have it open, we opened it in the hopes people would use it - as the summer comes and the presence of a donation table everybody has to pass by goes away, we hope that online donation will allow us to continue meeting our goal of returning to the BGC in the fall with 2x rent in the bank. Expenses do obviously reduce in the summer as we won't be paying rent, but there are smaller expenses we will need to take care of (website, starting the snack table) and they will steadily whittle down our savings if we don't receive any donations for the time we're outdoors.
Thank you again to everyone for making this such a successful season as things draw to a close for our time indoors! This is a 5-week month, so hopefully we can end our donation-table season on a good note!
Sarah