Here is the treasurer's report on Cyberspace Communications, Inc. finances
through August 31st, 2003.
Beginning Balance $4,591.15
Credits $348.00 Member contributions
$20.00 Proceeds from the 7th Grex auction
$1.47 Interest on our savings account
------------
$369.47
Debits $80.41 Pumpkin Rent for September
$45.97 Electricity for August
$158.70 Phone Bill
$135.00 DSL August 15 through September 15
$4.04 Paypal fees (income = $90)
$52.98 Two new batteries for UPS
$6.73 Pumpkin keys for our new staffers
$525.00 Insurance premium
$10.00 Filing fee for Corp Info Update
------------
$1,018.83
Ending Balance $3,941.79
Our current balance breaks down as follows:
$3,705.25 General Fund
$153.99 Silly Hat Fund
$60.00 Spare Parts Fund
$22.55 Infrastructure Fund
The money is distributed like this:
$577.83 Checking account
$3,363.96 Savings account earning 0.65% interest annually
We had no new members in August. We are currently at 79 members, 75
of whom are paid through at least September 15th. (The others expired
recently and are in a grace period.)
Notes:
- janc was stand-in treasurer for most of this month, while I was away
on vacation. Thanks Jan!
- The interest rate on our savings account has dropped to 0.65%.
- STeve discovered that we needed two more batteries for the UPS in
addition to the 4 we bought in May. Batteries cost $25 each.
- The board approved three new Ann Arbor staffers recently, so kip had
keys made so they can all get into the Pumpkin when necessary. He
also made a couple of extra ones.
- Our lease requires us to carry liability insurance. The premium
keeps going up: three years ago it was $300, two years ago it was
$375, last year it was $475, and this year it's $525. mary shopped
around last year and concluded that what we had was really the best
deal we could get. At that time, a State Farm agent offered us a
better deal but the company then backed out of it. That was rather
nerve-wracking, since we had to find something else in a hurry. So no
one on the board and staff felt like doing any more shopping this
year. In the long term, we will need to do something if the premium
keeps rising.
- Every year Grex has to submit a form to the State of Michigan called
the "Corporation Information Update". It states our mailing address,
our resident agent, and the names and addresses of the board of
directors. The filing fee is $10, though next year it will be $20,
because of some act of the legislature.
Thanks to everyone who contributed in August:
bruin, coyote, jokach, jplatt, kaplan, krj, lkogan, n8rxs, scott, and
witling.
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. I 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.
23 responses total.
(query: how long had it been since Grex had fewer than 80 members?)
I'd gotten the impression the double-fee was for a late filing. I might have mis-read the fine print, though.
Re #1: Grex has been hovering around 80 members since the middle of last year. It has been a long time since the bank balance dipped below $4000, though.
Technical problem: It is not "Cyberspace Communications, Inc." but rather "Cyberspace Communications."
Huh?
The name of the organization does not include ", Inc." as you posted in #0.
Cyberspace Communications is incorporated in the State of Michigan. Thus the Inc.
It's a distinction without a difference.
Huh?
aruba is dumb.
7: Michigan law does not require nonstock corporations to have one of the reserved words (typically incorporated, corporation, company, limited, or a recognized abbreviation, though some states, such as Delaware have much longer lists such as organization, foundation, fund, club, even institute) in their name. The copy of the corporation's charter on grex.org does not include "Inc." and to confirm this, the state records do not have "Inc." in the name. 8: No, that's not true. Any idiot could form a corporation in Michigan called "Cyberspace Communications, Inc." or "Cyberspace Communications Corporation" and Grex would be shit out of luck. There is an example, closely related, where an Ann Arbor corporation called "Cyberspace, Inc." has the assumed name "Cyberspace" simply to prevent another entity from taking the name.
Whatever.
(Shh, I won't tell anyone if you won't. It means your 501(c)(3) application is invalid!!)
That might be worth investigating and correcting if there's any merit to it. Thanks, Jamie, for pointing it out.
Actually, I want to know why the IRS didn't catch it. The form requires a copy of the charter, so someone at the IRS should have seen it. Odds on it's a correctable mistake from the standpoint of the IRS. If not, it would probably be easier to change the name of the corporation ;)
other is a lot smarter than aruba.
No. other is more personable but aruba is smarter.
Oh? aruba seems to be a lot dumber than other.
I wouldn't say either one of us is smarter. I'd say we have differing areas of interest, skill and competence.
And intelligence.
Do you always argue with yourself?
What's a lovelace?
TROGG IS DAVID BLAINE
You have several choices: