<div dir="ltr">Thanks for the report!</div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Sat, Apr 2, 2022 at 12:37 PM John Bailey <<a href="mailto:rekkanoryo@rekkanoryo.org">rekkanoryo@rekkanoryo.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Board,<br>
<br>
Please find below my annual Treasurer's Report. My schedule in April<br>
will prevent me from being able to organize and attend a board meeting<br>
during the month, however, I thought it would be useful to provide the<br>
report as usual.<br>
<br>
Treasurer's Report:<br>
<br>
Closing Balance as of December 31, 2020 was $24,727.55.<br>
<br>
Opening Balance as of January 1, 2021 was $24,727.55.<br>
<br>
Income:<br>
* Amazon Smile: $40.07<br>
* Google Summer of Code: $800.00<br>
* Interest: $4.00<br>
* Spreadshirt: $63.00<br>
* Other donations: $562.19<br>
<br>
Total Income: $1,469.26<br>
<br>
Expense:<br>
* Development:<br>
* Mac Mini reimbursement to John Bailey: $700.00<br>
* Code Signing Certificate reimbursement to Gary Kramlich: $177.00<br>
* Fees:<br>
* Renewal of domains and purchase of <a href="http://pidginchat.com" rel="noreferrer" target="_blank">pidginchat.com</a> (Reimbursement<br>
to John Bailey): $105.40<br>
* Disbursement of Google Summer of Code Mentor Stipend to Gary<br>
Kramlich: $800.00<br>
<br>
Total Expense: $1,782.40<br>
<br>
Net change in money on hand for the year is a loss of $313.14.<br>
<br>
Closing Balance as of December 31, 2021 is $24,414.41, broken down as<br>
follows:<br>
* Checking account: $1,500.00<br>
* Paypal: $113.99<br>
* Savings Account: $22,800.42<br>
<br>
Additional items to note--John made the following transfers:<br>
* $2,500.00 from Paypal to Checking account<br>
* $169.92 from Paypal to Checking account<br>
* $146.10 from Paypal to Checking account<br>
* $57.93 from Paypal to Checking account<br>
* $53.00 from Paypal to Checking account<br>
* $148.87 from Paypal to Checking account<br>
* $5,000.00 from Checking account to Savings account<br>
* $146.10 from Checking account to Savings account<br>
* $57.93 from Checking account to Savings account<br>
* $372.91 from Checking account to Savings account<br>
* $518.90 from Checking account to Savings account<br>
* $148.87 from Checking account to Savings account<br>
<br>
The above transfers were made to maintain the Paypal balance at $100.00<br>
and the Checking account balance at $1500.00<br>
<br>
As always, the GnuCash ledger and bank statements are available for<br>
examination by the Board and Officers upon request. GnuCash files are<br>
available in Keybase in the IMF Officers group's files.<br>
<br>
2022 So far...<br>
<br>
Opening Balance as of January 1, 2022 was $24,414.41.<br>
<br>
Income:<br>
* Interest: $1.12<br>
* Amazon Smile: $17.12<br>
* Spreadshirt: $15.00<br>
* Other Donations: $13.50<br>
<br>
Total Income: $46.74<br>
<br>
Expense:<br>
* Fees:<br>
* Reimbursement to John Bailey for domain renewals (<a href="http://pidgin.im" rel="noreferrer" target="_blank">pidgin.im</a> and<br>
<a href="http://adium.im" rel="noreferrer" target="_blank">adium.im</a>): $40.00<br>
<br>
Total Expense: $40.00<br>
<br>
Current Balance: $24,421.15, broken down as follows:<br>
* Paypal: $100.00<br>
* Checking account: $1,475.00<br>
* Savings account: $22,846.15<br>
<br>
Net change, "profit" of $6.74.<br>
<br>
Transactions:<br>
* Transfer of $18.33 from Paypal to Checking account<br>
* Transfer of $9.16 from Paypal to Checking account<br>
* Transfer of $44.61 from Checking account to Savings account<br>
* Transfer of $15.00 from Paypal to Checking account<br>
* Reimbursement to John for domain renewals (<a href="http://pidgin.im" rel="noreferrer" target="_blank">pidgin.im</a> and <a href="http://adium.im" rel="noreferrer" target="_blank">adium.im</a>)<br>
<br>
The above transfers were made to keep the PayPal balance at $100 and<br>
the Checking account balance near $1,500. This also helps maximize our<br>
interest income.<br>
<br>
Additional items to note:<br>
* John sent 1099-NEC to Gary for the mentor stipend disbursement from<br>
2021. This had a deadline of January 31, which John met.<br>
* John filed the forms with the IRS that went with Gary's 1099-NEC.<br>
This had a deadline of January 31, which John met.<br>
* John missed the filing deadline with Delaware and incurred a $200<br>
penalty and $3 interest charge. Deadline was March 31. Total<br>
expense for this is $228. John directly filed with Delaware to<br>
save $235 in additional filing fees from CT Corp. This has not<br>
been reimbursed to John yet due to it being over the $50 threshold.<br>
* John will receive an invoice in July from CT Corp for approximately<br>
$165. This is the annual fee for their representation services,<br>
which are required for us to remain a Delaware corporation.<br>
* John renewed the <a href="http://pidgin.im" rel="noreferrer" target="_blank">pidgin.im</a> and <a href="http://adium.im" rel="noreferrer" target="_blank">adium.im</a> domains and reimbursed<br>
himself for it due to the total expense being $40, which is under<br>
the $50 threshold to require Board approval.<br>
<br>
<br>
Thanks,<br>
John<br>
<br>
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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><br>Matthew</div>