The Anglican Cathedral of Second Life

Anglicans of Second Life Quarterly Financial Report (April-June 2010)

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Status of SL Treasury alt accounts

Prior to April of this year, all inworld donations were paid to an SL alt account by the name of CathedralWarden Dover.  This account was administered by Snerbert Sands (Craige Gravestein in RL), who was then acting as AoSL Treasurer.  Snerbert has since stepped down from this position due to RL time constraints.  At that time, the funds in this alt account were transferred to Arkin Ariantho (Rev. Mark Brown in RL), who is the owner of Epiphany Island and therefore responsible for payment of our tier fees.  Our other source of donations is through Paypal, and the money in that account was transferred to Mark as well.  Mark is invoiced once a year (in June) for the tier payment, and I am happy to report that there was enough money in both accounts to cover the payment made this past June.

On April 1 of this year, the collection of inworld donations was turned over to the SL alt account by the name of Tithe Sixpence, which is being administered by Cady Enoch (Mary Wanamaker in RL).  This report will address the activity of the Tithe Sixpence account, as well as the Paypal donations received since April 1.

Our Donation Goals

If you visit any of the donation fonts or baskets on Epiphany, you will see a goal amount listed above them, and may wonder how this number has been arrived at.

Epiphany Island is a Full Region sim.  We have been blessed to have been granted Non-profit status by Linden Labs, which makes our monthly maintenance fee (tier payment) $147.50 USD.  Using a conversion rate of $259L (Linden dollars) to one US dollar (note: this currency conversion rate, as any RL rate, is subject to market fluctuations), our monthly tier payment is equivalent to $38,350L.  This is the amount that is listed as our monthly goal.  Our progress toward that goal is also displayed above the inworld donation objects.  Please note that this progress only accounts for inworld donations, and does not reflect donations made through our Paypal account.

Please note also that this goal amount is the very least amount of money that we would need to raise in order to retain possession of Epiphany Island.  Ideally, we would like to raise at least twice this amount.  This would allow us to have a year’s tier payment in reserve, to help ensure that our ministry will have the resources to continue on into the future.  This would also allow us to have money in the treasury for further development and enhancements of our inworld facilities (which are currently being paid for by a separate private donation).

Current donation levels

AoSL Donations 2nd qtr 2010

Blue = Inworld donations and Red = Paypal donations (click for larger image)

April 2010

Inworld donations: $22,078L (57.57% of monthly goal)
*Paypal donations: $14,698 (38.47% of monthly goal)

Percentage of monthly goal reached (total donations): 96.04%

May 2010

Inworld donations: $10,693 (27.88% of monthly goal)
*Paypal donations: $14,698 (38.47% of monthly goal)

Percentage of monthly goal reached (total donations): 66.36%

June 2010

Inworld donations: $12,840 (33.48% of monthly goal)
*Paypal donations: $14,698 (38.47% of monthly goal)

Percentage of monthly goal reached (total donations): 71.96%

* Converted from $USD to $L, and minus the Paypal transaction fees.

Some donor stats for 2nd qtr 2010

  • number of Paypal donation subscribers: 3
  • number of inworld donations: 169
  • number of unique inworld donors: 73

Total amount of donations over 3 month period, by unique visitor.

  • Donations of $100L and under: 48%
  • Donations of $101-1000L: 36%
  • Donations of $1001-5000L: 15%
  • Donations over $5000L: 1%

Progress toward annual tier payment goal ($1770 USD)

AoSL 2nd qtr progress toward tier goal

Blue = Progress toward annual tier payment goal ($1770 USD) and Red = Monthly targets (calculated as $1770 divided by the 14 month period) (click for larger image)

  • April: 8.01%
  • May: 13.53%
  • June: 19.56%

This presents the data in a slightly different format.  The previous calculations were based on a monthly goal of the total tier cost divided by 12 months.  Since our tier goal was met as of March 2010, when the transfer of treasurer alt accounts was made, our starting point for this year is April 2010.  Our monthly target goals remain the same.  This chart simply reflects our actual progress toward the tier payment target for 2011.

Data prepared and submitted by Mary Wanamaker on July 15, 2010.

One thought on “Anglicans of Second Life Quarterly Financial Report (April-June 2010)

  1. Pingback: A Call to the AoSL Community « The Anglican Cathedral of Second Life

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