Nerdfighteria Network is pleased to report a positive end to its first fiscal year. Thanks to donations and vHost purchases from fellow Nerdfighters, we were able to invest in a new BNC server to provide a valuable service to our members, and add IPv6 capabilities to keep our network at the front of the technological curve. If things continue this way, we are certain to have a strong and solvent future as a network for a very long time.The amount of money we deal with is small; our gross income this quarter was just US$24. Since the vast majority of our servers, as well as our domain name, are paid for out-of-pocket by our administrators, we fortunately also have low costs. Our largest cost this quarter was by far the new BNC and IPv6 server, Alaska. The cost to us was $13.30, which will cover the server for a year. This is the first server to be run entirely by the network, and we hope it will bring in enough revenue to sustain it. Our only other cost was PayPal fees, which we pay on every donation processed through our website. These totaled $8.36 for this quarter.
The new BNC service was not itself profitable. With one account sold, for $7, it has not yet made up for the cost of the server. That said, it’s a new system, and we hope to have a few more people sign up this year. We also received $5 in exchange for vHosts, and $12 in regular donations, for which there is no reciprocation. Overall, we now have $8.36 in our account, which we will save for future expenses.
So, by the numbers:
Income: BNCs $ 7.00 Donations 12.00 vHosts 5.00 ------------------ Total 24.00 Expenses: Alaska $13.30 PayPal 2.34 ----------------- Total 15.64 Grand Total 8.36
- We’re using the customary American fiscal year, which runs from October 1 to September 30. So despite the fact that we have only been around for six months or so, it is the end of the year for money. Fiscal years are divided into quarters so, with the end of the FY being September 30, our Q4 began on June 1. We hadn’t received any income, or any network-paid expenses prior to that, so as far as FY2012 is concerned, Q4 accounts for the whole year.
- Legally speaking, the network is not incorporated. This means nothing is legally under the network’s name, but it is agreed that Alaska will be paid out of donations and payments to the network, rather than being run on donated server time. Incorporation is something we would like to look into in the future, but it does cost money, and a fair amount of it. Also worth noting here is that, since we are not incorporated, we are also not what’s called a 501(c)(3). This means that your donations to us, regardless of whether you receive anything in return, are not tax-deductible.