Total income for 8chan in October 2014 was $3,184.01 from Patreon, PayPal, and Bitcoin donations. Total cash reserves were set aside at $2,550 for administrative expenses, office rent, and legal advice. This left $634.01 remaining after reserves. Bounties totaling $450 were reserved for future development work. Expenditures on abandoned servers and advertising left a remainder of -$51.66 for the month. The report thanked supporters and looked forward to potentially making a donation next month if support remained constant.
Original Description:
Report detailing how donations received were used to benefit 8chan.co
Total income for 8chan in October 2014 was $3,184.01 from Patreon, PayPal, and Bitcoin donations. Total cash reserves were set aside at $2,550 for administrative expenses, office rent, and legal advice. This left $634.01 remaining after reserves. Bounties totaling $450 were reserved for future development work. Expenditures on abandoned servers and advertising left a remainder of -$51.66 for the month. The report thanked supporters and looked forward to potentially making a donation next month if support remained constant.
Total income for 8chan in October 2014 was $3,184.01 from Patreon, PayPal, and Bitcoin donations. Total cash reserves were set aside at $2,550 for administrative expenses, office rent, and legal advice. This left $634.01 remaining after reserves. Bounties totaling $450 were reserved for future development work. Expenditures on abandoned servers and advertising left a remainder of -$51.66 for the month. The report thanked supporters and looked forward to potentially making a donation next month if support remained constant.
INCOME (PATREON): $955.09 INCOME (PAYPAL): $449.91 + $1,779.01 = $2,228.92 INCOME (BITCOIN): 0.70489006 BTC Unconverted to USD/held. Should appear in Nov. report. TOTAL OCTOBER CHAN INCOME: $3,184.01 EXPENDITURES: CASH RESERVES: RESERVED FOR ADMIN OFFICE MOVING/LIVING EXPENSES: $500 RESERVED FOR CHAN OFFICE (APT) RENT DUE TO JOB RESIGNATION: $1300 RESERVED FOR LEGAL EXPENSES (501(c)(3) / 2CHANNEL CONTRACT ADVICE): $750 Total chan cash reserves: $2,550 Unused cash reserves may be released to other charities in the next months. Why keep cash reserves? Catastrophies, unforeseen expenses, promised money to developers who have not met their end of the deal yet, et cetera. See http://www.nonprofitconsultants.org/documents/MinimumReserveFundsESCnonprofitconsultants.pdf for more information about cash reserves. Remaining after reserves: $634.01 OBLIGATIONS: RESERVED FOR INLINE QUOTES BOUNTY (@aeosynth github PR): $150 RESERVED FOR FUTURE GITHUB FEATURE BOUNTIES (LARAVEL PORT, SQL MIGRATE): $300 ^ To speed up chan development, chan is going to be paying talented developers to help us develop the site. ALREADY SPENT/IRRECOVERABLE: REDDIT ADVERTISING r/4chan: $50.00 this won't be repeated due to low success rate. OVH SERVER KIMSUFI: $26.57 server abandoned due to upgrade. ONLINE.FR SERVER: $38.10 server abandoned due to upgrade. RAMNODE (SIX MONTH LEASE): $81.00 server abandoned due to upgrade/restrictive TOS. CLOUDFLARE PRO: $20 service abandoned due to privacy concerns. DIGITALOCEAN (BACKUPS): $20 REMAINDER: -$51.66 I was expecting to receive ~$1,100 from Patreon, however only $955 was deposited. $1,100 would have given a $50 donation for this month. If support remains constant, however, it is likely that next month will result in a donation. Thanks for supporting chan. Please look forward to November's financial report.