Grex Coop Conference

Item 229: Cyberspace Communications finances for April 2008

Entered by aruba on Tue May 13 17:36:58 2008:

Here is the treasurer's report on Cyberspace Communications, Inc. finances
through April 30th, 2008.

Beginning Balance     $6,509.36

Credits                 $198.00         Member contributions
                          $0.63         Interest on our savings account
                   ------------
                        $198.63

Debits                  $100.00         Provide Net colocation (thru 5/22/08)
                         $56.54         Phone Bill
                          $7.71         Paypal fees (income = $198)
                   ------------
                        $164.25

Ending Balance        $6,543.74

Our current balance breaks down as follows:

$6,366.37               General Fund
  $177.37               Silly Hat Fund

The money is distributed like this:

$4,611.95   Checking account
$1,931.79   Savings account earning 0.46% interest annually

We had no new members in April.  We are currently at 48 
members, 29 of whom are paid through at least May 15th.  (The others 
expired recently and are in a grace period.)

Notes:

If you or your institution would like to become a member of Grex, it
only costs $6/month or $60/year.  Send money to:

Cyberspace Communications
P. O. Box 4432
Ann Arbor, MI 48106-4432

If you pay by cash or money order, please include a photocopy of some form
of ID.  We can't add you to the rolls without ID.  (If you pay with a
personal check that has your name pre-printed on it, we consider that a
good enough ID.)  Type !support or see
  http://www.cyberspace.org/member.html
for more info, including instructions for sending money to Grex with a
credit card, via Paypal.
12 responses total.
#1 of 12 by scholar on Sat May 31 09:12:26 2008:

Why doesn't Grex consider donating some of its money to another charity?

Arbornet's doing it, and they have a much smaller treasury.

#2 of 12 by tod on Sat May 31 13:30:43 2008:

What charity are they donating to?

#3 of 12 by nharmon on Sat May 31 15:11:44 2008:

If Grex donates to a charity it should to someone who has a similar 
purpose. Maybe EFF?

#4 of 12 by slynne on Sat May 31 19:58:43 2008:

Or perhaps the wireless Ypsilanti project?

#5 of 12 by tod on Sun Jun 1 04:08:11 2008:

Or Arbornet

#6 of 12 by gelinas on Sun Jun 1 15:05:18 2008:

Personally, I'd prefer to wait until we dissolve the corporation, and then
donate all of our assets at once.

#7 of 12 by mary on Sun Jun 1 22:00:13 2008:

#8 of 12 by aruba on Mon Jun 2 22:30:53 2008:

(There are no plans to dissolve Cyberspace Communications.)

#9 of 12 by tsty on Wed Jun 4 10:27:51 2008:

re 1 ... arbornet thoughtabout it ... ain;t gonna do it.

#10 of 12 by lar on Thu Jun 5 09:49:31 2008:

re# 9
the BOD thought about it but WE THE PEOPLE shouted it down!

#11 of 12 by jep on Thu Jun 5 19:03:11 2008:

I haven't seen how Grex is justified in taking in more money for several
years.  I ceased renewing my membership because I don't see any point in
sending it more.  Grex already has money it can't use, or won't use.

#12 of 12 by tsty on Wed Jul 2 10:44:37 2008:

don;t need it .. hang on until it does,as i do.

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