Nerdfighteria Network is reporting a small loss this quarter. It is a very small loss, and entirely offset by our existing funds, but a loss nonetheless. As long as we continue to receive a slow but steady stream of donations, we should continue to have a solid fiscal footing.We received US$10 in donations, $0.59 of which was eaten up by PayPal fees. We also paid for our domain name registration this quarter, which took $10.69, leaving us with a net loss of $1.28. Hardly a break in the bank, but unfortunate nonetheless. All told, we wound up with a quarter-end balance of $11.63.
So, by the numbers:
Income: BNCs $ 7.00 Donations 3.00 vHosts 0.00 ------------------ Total 10.00 Expenses: Domain $10.69 PayPal 0.59 ----------------- Total 11.28 Grand Total -1.28
- Legally speaking, the network is not incorporated. This means nothing is legally under the network’s name, but it is agreed that Alaska and domain registration 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.