[tor] Financial report from Kelly for the meeting tonigth

[mark burdett]

And some of the difference may be due to cross-border fees, since
noisetor is an international project?
https://www.paypal.com/cgi-bin/webscr?cmd=_display-xborder-fees-outside

--mark

On Wed, Sep 28, 2011 at 11:00 AM, mark burdett <mfburdett at gmail.com> wrote:
> 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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>