Financial report July 2014 - June 2015

[Vlada]

Financial report July 2014 - June 2015

August 2015
The SWGEmu Staff



Financial report July 2014 - June 2015


Julyhad a final PayPal account balance of $4,095.21

In July we received $2,864.49 in donations.

Julyhad the following expenses:



PayPal fee = $167.62
Hosting Services Inc. = $40.00
SoftLayer = $1,224.97
Lomag Internet Services, LLC = $75.00
RFE Hosting = $93.75
FDC Servers.Net LLC = $159.00
K&H Bank = $1,330.00


TOTAL EXPENSES = $3,090.34

July had a total shortfall of $225.85 with a final PayPal account balance of $3,869.36


In August we received $2,680.00 in donations.

August had the following expenses:



PayPal fee = $163.00
FDC Servers.Net LLC = $179.00
Hosting Services, Inc. = $20.00
RFE Hosting = $93.75
SoftLayer = $1,224.50
K&H Bank = $840.00


TOTAL EXPENSES = $2,520.25

August had a total excess of $159.75 with a final PayPal account balance of $4029.11.


In September we received $3,144.49 in donations

September had the following expenses:



PayPal fee = $176.11
FDC Servers.Net LLC = $159.00
Hosting Services, Inc. = $20.00
RFE Hosting = $93.75
SoftLayer = $1,181.80
K&H Bank = $524.00

TOTAL EXPENSES = $2,154.66

September had a total excess of $989.83 with a final PayPal account balance of $5,018.94.


In October we received $1,999.49 in donations

October had the following expenses:



PayPal fee = $127.71
Hosting Services, Inc. = $40.00
Lomag Internet Services, LLC = $75.00
SoftLayer = 1,179.00
FDC Servers.Net LLC = $159.00
RFE Hosting = $93.75
K&H Bank = $15.40
IRCCloud Ltd = $5.00



TOTAL EXPENSES = $3,219.46

October had a total shortfall of $1219.97 with a final PayPal account balance of $3,798.97.


In November we received $3,430.00 in donations

November had the following expenses:



PayPal fee = $189.07
FDC Servers.Net LLC = $159.00
RFE Hosting = $93.75
SoftLayer = $1,179.00
Hosting Services, Inc. = $20.00
K&H Bank = $765.00
IRCCloud Ltd = $5.00


TOTAL EXPENSES = $2,410.82

November had a a total excess of $1019.18 with a final PayPal account balance of $4,818.15.


In December we received $2,419.50 in donations

December had the following expenses:



PayPal fee = $142.08
SoftLayer = $1,179.00
Hosting Services, Inc. = $20.00
FDC Servers.Net LLC = $159.00
RFE Hosting = $93.75
K&H Bank = $950.00
IRCCloud Ltd = $5.00


TOTAL EXPENSES = $2,548.83

December had a total shortfall of $129.33 with a final PayPal account balance of $4,688.82.

In January we received $4,500.00 in donations.

January had the following expenses:



PayPal fee = $222.56
Hosting Services Inc. = $40.00
SoftLayer = $1,183.33
Lomag Internet Services, LLC = $75.00
RFE Hosting = $93.75
FDC Servers.Net LLC = $159.00
K&H Bank = $1,550.00
IRCCloud Ltd = $5.00
• GitHub Ltd = $12.00


TOTAL EXPENSES = $3,340.64

January had a total excess of $1,159.36 with a final PayPal account balance of $5,848.18


In February we received $2,180.00 in donations.

February had the following expenses:



PayPal fee = $126.73
FDC Servers.Net LLC = $159.00
Hosting Services, Inc. = $60.00
RFE Hosting = $93.75
SoftLayer = $1,179.00
IRCCloud Ltd = $5.00
GitHub Ltd = $12.00
2Checkout.com = $18.00


TOTAL EXPENSES = $1,653.48

February had a total excess of $526.52 with a final PayPal account balance of $6,374.70.


In March we received $2,630.84 in donations

March had the following expenses:



PayPal fee = $149.72
FDC Servers.Net LLC = $159.00
Hosting Services, Inc. = $20.00
RFE Hosting = $93.75
SoftLayer = $1,179.00
IRCCloud Ltd = $5.00
K&H Bank = $1000.00
GitHub Ltd = $12.00
2Checkout.com = $13.00


TOTAL EXPENSES = $2,631.47

March had a total shortfall of $0.63 with a final PayPal account balance of $6,374.07.


In April we received $2,240.51 in donations

April had the following expenses:



PayPal fee = $139.55
FDC Servers.Net LLC = $159.00
Hosting Services, Inc. = $20.00
RFE Hosting = $93.75
SoftLayer = $1,179.00
IRCCloud Ltd = $5.00
K&H Bank = $1,320.00
GitHub Ltd = $12.00
2Checkout.com = $13.00



TOTAL EXPENSES = $2,941.30

April had a total shortfall of $700.79 with a final PayPal account balance of $5,673.28.


In May we received $2,022.50 in donations

May had the following expenses:



PayPal fee = $122.29
FDC Servers.Net LLC = $159.00
Hosting Services, Inc. = $40.00
RFE Hosting = $93.75
SoftLayer = $1,179.00
IRCCloud Ltd = $5.00
K&H Bank = $700.00
GitHub Ltd = $12.00
2Checkout.com = $13.00
Digital Ocean Inc. = $5.00


TOTAL EXPENSES = $2,329.04

May had a a total shortfall of $306.54 with a final PayPal account balance of $5,366.74.


In June we received $2,640.87 in donations

June had the following expenses:



PayPal fee = $148.21
FDC Servers.Net LLC = $159.00
Hosting Services, Inc. = $40.00
RFE Hosting = $93.75
SoftLayer = $1,179.00
IRCCloud Ltd = $5.00
K&H Bank = $500.00
GitHub Ltd = $12.00
2Checkout.com = $13.00
Digital Ocean Inc. = $10.00
Dynamic Network Services Inc. = $30.00


TOTAL EXPENSES = $2,189.96

June had a total excess of $450.91 with a final PayPal account balance of $5,817.65.




Thank you all for you continued support,

~The SWGEmu Staff

[Lolindir]

</SPAN>Would like to take this opportunity to thank everyone who donates their hard earned cash to the project.</SPAN>

[Ticarus]

Good to see the balance is going up to a safety net level :)

[Scarface02]

Yeh, lets see it get up to 10k!!

[qthepirate]

If you guys accepted bitcoin (even if you are immediately converting into local currency) you could save a lot of money on fees.

[Lolindir]

As we have said before, if and when PayPal accept Bitcoins, we will be able to use them here. Not before.

[qthepirate]

I have not mentioned or heard that subject before; I am new to these forums. I don't mean to step on any feet.

[Vlada]

I have not mentioned or heard that subject before; I am new to these forums. I don't mean to step on any feet.

You're not. Don't worry about it.

[richze90]

How come the bank fees are so high?! Seems like a waste of money that could be used for the project.

[Vlada]

How come the bank fees are so high?! Seems like a waste of money that could be used for the project.

Used for the project how?

[richze90]

Requiring less donations to sustain the project.

[Vlada]

Requiring less donations to sustain the project.

We would use it for the project by not using it at all, so it would have no effect whatsoever? I guess we can take it under advisement.

[qthepirate]

Based on the bank the fees are probably higher for corporate accounts (assuming the project is under a business account).

[TheAnswer]

IIRC that includes the NPO fees, accountant fees and all the other administrative fees.

[Vlada]

IIRC that includes the NPO fees, accountant fees and all the other administrative fees.

It does indeed.

[gripnrip]

LOL @ those fees, no offense but if anyone needs some business help we can get this sorted out and have a much better operation...

[Lolindir]

Thanks for the offer, we will take it under advisement.

[makednoce]

In October we received $1,999.49 in donations
October had the following expenses:

PayPal fee = $127.71
Hosting Services, Inc. = $40.00
Lomag Internet Services, LLC = $75.00
SoftLayer = 1,179.00
FDC Servers.Net LLC = $159.00
RFE Hosting = $93.75
K&H Bank = $15.40
IRCCloud Ltd = $5.00



TOTAL EXPENSES = $3,219.46

October had a total shortfall of $1219.97 with a final PayPal account balance of $3,798.97.


Didn't you make some mistake here?
I think total expenses are arround $1,695 and not $3,219.46

[Vlada]

Didn't you make some mistake here?
I think total expenses are arround $1,695 and not $3,219.46

Could be, ill have to check.

EDIT:

Seems that its K&H Bank = 1,540.00 not 15.40

Its just a mistype, but a huge error as far as accounting is concerned. Thank god I am not an accountant nor am i taking care of the finances.

[Ellyssia]

almost looks to me like a typo in the K&H Bank entry (since the 15.40 charge doesn't fall in line with the other months)

[makednoce]

Why the K&H Bank have such different numbers in every month?

[Vlada]

Why the K&H Bank have such different numbers in every month?

Depends on what we pay, lawyer fees, accounting, NPO fees/costs. Some we pay every month, others when its necessary.

[crazykid011]

Have you thought about using AWS to host your servers?

Based on some of the server costs, it would probably be less expensive to utilize AWS infrastructure to hold all of your equipment.

Depending greatly on what kind of server utilization is used, you can easily expand using AWS to incur less costs during non-peek hours and other times.

I don't know if you guys looked into this, but many businesses (small and large) already utilize the infrastructure because it is the cheapest and most reliable on the market.

Since it utilizes cloud computing, you can purchase instances (VM) for a year ahead of time, or half up-front to easily reduce costs.

Just a thought, since I enjoyed playing your game so greatly and I hope you guys are able to get to 1.0 as soon as possible. Hopefully this project gets new light with new the star wars movie that just came out :)

[Kungpaoshizi]

Just wanted to say I'm super happy to be here!
Going to donate more asap, but I'll agree, I do IT and some of those fees are on the higher side.

Otherwise I'm telling everyone I know and passing it around, nice to see a decent population going.
Would be great to have a graphics update eventually, but quite happy to see Pre-CU going on :D


Thanks everyone for what you do, it means A LOT!!!

[chayn]

Donation goal went from 3k to 2k?

[TheAnswer]

Softlayer prices went down for us a couple of months ago, so we adjusted the goal.

[sedwards424]

Do we have a current financial status report? Couldnt locate one if there is. Back in the game now, donating and really enjoying all your work on the game. Back to pre-CU brings back great memories of the early days. Think it was like day 2 when i got into the game ...had my collectors edition goggles and all :o

[Vlada]

Holy **** i completely forgot. Ill try to put one together by the end of the week.

[Mistress Aerea]

Holy **** i completely forgot. Ill try to put one together by the end of the week.

That's what happens when you spend too much time browsing internet porn sites. ;)