This ledger reflects the financial status of creating and maintaining a
new home for
the digest. Excess will be retained for repair/upgrade requirements and
expenses (such things as domain name creation/maintenance, etc.). This
ledger shall be
maintained as a public record.
Brew Digest, Inc. Health Assessment: Cautiously Optimistic
501(c)3 status rescinded. Refiled 1023 for retroactive status 25
June 2012. Per the IRS, our case must be assigned to an agent. As of February 2013, the IRS is
still only assigning applications received in March 2012 to agents. Ours was received in late
June. To current financials, HBD is officially bankrupt sometime in August. Due to recent
developments, HBD.org will be likely have to dissolved per the bylaws once funding runs out.
Remaining To Expend
The 2013 HBD, Inc. budget is based on 2012 outlays, less any multi-year expenditures
made in that budget year, less any discontinued services, plus any price increases we're subject to, plus any
special expenditures known and planned in time for the 2013 budget setting process (none this year).
To be considered financially green and healthy, the HBD must have one year's expenses in the bank.
Currently, the HBD has expected expenses for about 6 months covered. As of this date, a
healthy HBD, Inc. requires an additional $1,311.96 to cover expected expenses through this date one
year forward, based on recurring monthly and annual costs. This includes the outlay "spike" in the first quarter
of each year for the renewal of HBD, Inc.'s PO Box.
Where possible, we buy services at a discount by committing to multi-year contracts as
well - for instance, the upgrades for the operating system have been secured for three years from 27 Feb 2010,
and several of the domain names have been renewed for two. Our contract with our ISP has expired, and we
are now month to month. Should they offer a significant savings for a multi-year contract renewal, we
may pursue this as well.
Currently, there are no plans to move the HBD to a "hosted server" arrangement because our network
configuration and hosted services make doing so fiscally unsound; however, this is continually reviewed as
changes in hosting landscape/pricing structures unfold and as the HBD sheds services. *Includes unforeseen items not planned into the annual budget:
- None at this time **
Savings from reducing PO Box size
***"Remaining To Expend" is based on budgeted amount less budgeted expenditures. Expeditures
not considered at the start-of-year budget are excluded. If the result does not accomodate actual remaining required expediture,
the actual planned number is used, and the budget will be overrun by the difference. This difference will feed forward to the
planning of the subsequent year's budget.
2013 Projected Budget: $3240.68
Note: Entries are made online and "on the fly".
The ledger is occasionally pulled into Excel, sloppy math errors are
corrected, and the page is put back online. This was last performed on
All donations to the Home Brew Digest are appreciated and used to cover
its operating expenses - predominantly connectivity, the maintenance of the server
equipment and the associated domain names. The HBD is a legally registered not-for-profit corporation in
Michigan, and has its own bank account.
Checks can be made
payable to "Home Brew Digest, Inc." or, simply, "HBD", if that is preferred for
your bookkeeping; however, in order to be deducted from your
taxes you must make the check payable to Home Brew Digest,
Inc. as the IRS will not recognize "HBD" NOTE ISSUE WITH AUTOMATIC REVOCATION OF HBD'S 501(c)3 STATUS AS WELL - THOUGH WE'VE FILED FOR RETROACTIVE REINSTATEMENT UNDER IRS NOTICE 2011-43, APPROVAL IS NOT GUARANTEED. IF DEDUCTABILITY IS REQUIRED, PLEASE REFRAIN FROM DONATING UNTIL OUR STATUS WITH THE IRS IS DOCUMENTED. THANK YOU (however, we are maintaining records of donors to assist where necessary).
Donations can be
mailed to (NOTE NEW ADDRESS):
HBD Server Fund
PO Box 871054
Canton, MI 48187-6054
It is still advisable that, if you wish to have "HBD Server Fund" on the
check, please ensure it is only in the Memo field. Leave the payee as Home Brew Digest, Inc. or HBD.
Donations to the HBD Server Fund can also be made by credit card via the
following link. Once at the PayPal site, you can donate any amount from $5
upward, in increments of $5 to firstname.lastname@example.org. Please note that the HBD loses $0.30 plus
2.2% off of the total of each donation. If you wish to donate more than
$5, please change the "quantity" field to reflect the multiple of $5 US
you wish to donate, rather than make several separate donations of $5.
Thanks! Here's the link:
Please NOTE: If you have a Paypal account, you can save the HBD some donation money when you make yours!
Here's how: log in, select "Send Money", select the
"Personal" tab, and then select the "Gift" radio button. The address to send to is email@example.com.
Doing this saves the HBD the Paypal fees noted above. Thanks!