[tor] Financial report from Kelly for the meeting tonigth

[mark burdett]

if you want to look at the evil paypal fees you can find them at
http://cha-ching.noisebridge.net/docs - the ones that say "Total
donations". So far they are averaging out to 3.8% for noisetor and
3.4% for noisebridge general fund (because general fund has higher
average donation amount). good to know when comparing paypal to other
payment solutions.

--mark

On Wed, Sep 28, 2011 at 10:50 AM, Noisebridge Treasurer
<treasurer at noisebridge.net> wrote:
> I think we agreed that the general fund receives 8% to cover paypal
> fees. Happy to re-open that debate if anyone is unclear on why.
>
> Otherwise, cool!
>
> -Kelly
>
> On Wed, Sep 28, 2011 at 03:51, Andy Isaacson <adi at hexapodia.org> wrote:
>> On Tue, Sep 27, 2011 at 04:09:25PM -0700, Rubin Abdi wrote:
>>> Could Noisetor give a little update to so Kelly's doesn't seem so vague?
>>>
>>> https://www.noisebridge.net/wiki/Meeting_Notes_2011_09_27#Financial_Report
>>>
>>> Funds in bank: $20,251.08 We just paid rent, and we're still over
>>> prudent reserve! Very exciting. However, I still haven't reconciled all
>>> of the Tor project earmarks, so probably a bunch of that is their money.
>>> In some ways, this is good, because their prudent reserve will always be
>>> a part of our buffer now. If there is someone there from the Tor project
>>> who can give a balance of funds collected (minus the recent service they
>>> purchased, which we paid for and that's reflected in the current
>>> balance) then we can subtract that and have a better idea of how much is
>>> in the noisebridge general fund.
>>
>> The Noisebridge Tor Project has received $1340.00 in donations.
>>
>> I do not have immediate access to the precise amount that Paypal took
>> out in fees, but when I did a sampling of the data I do have it worked
>> out to about 5%.
>>
>> I also don't have the exact amount of the first month's payment for
>> service, but I recall the number being around $800.
>>
>> Noisebridge General Fund receives 5% of the Noisetor donations.
>>
>> So the net balance of the Noisebridge Tor Project should be about $400.
>> Plus or minus $50 for the fudge factors I list above.
>>
>> So it's not a significant fraction of the $20k in the Noisebridge
>> accounts.
>>
>> -andy
>>
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