Nerdfighteria Network is pleased to report a positive end to our first quarter. We had a modest income, and no expenses. This helps build a small buffer against upcoming expenses, which will help us stay in the black. The amount of money we deal with is small; our gross income this quarter was just US$25. $7 of that was from a BNC payment, and $18 from donations. Since the vast majority of our servers are paid for out-of-pocket by our administrators, we fortunately also have low costs. In fact, we paid no expenses from the network account this quarter except the fees PayPal charged us for the contributions, which totalled $2.31. This leaves us with a quarter-end balance of $83.81.
So, by the numbers:
Income: BNCs $ 7.00 Donations 18.00 ------------------ Total 25.00 Expenses: PayPal 2.31 ----------------- Total 2.31 Grand Total 22.69
- 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.