The Anglican Cathedral of Second Life

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Quarterly Financial Report (January-March 2011)

Anglicans of Second Life Quarterly Financial Report (January-March 2011)

Many thanks to our loyal supporters who continue to donate towards the cost of running the Epiphany sim. While regular donations have declined significantly from a peak in November last year we are still on track for the June tier payment, thanks to a few large one-off contributions.

As a reminder, Anglicans of SL is a completely volunteer run organization, and 100% of your contributions go directly to maintaining our virtual facilities within Second Life.  You may make your donations inworld using the donation fonts and baskets located around Epiphany Island, or if you prefer, you may make monthly subscription payments using Paypal. All donations, large or small, are welcome and very much appreciated.

Rua Elan beside the Labyrinth at Epiphany Island

We are currently exploring additional means of fund raising, including the new Marketplace by the Community Center (see Cady’s recent post on this).

SL Treasury alt accounts

On October 1 2010, the collection of inworld donations was turned over to the SL alt account by the name of Rua Elan, which is being administered by Patapon Monday (Mary Nuttall in RL).

This report will address the activity of the Rua Elan treasury account and the Paypal donations received from January 1 to the end of March.

Inworld donations received in this financial year before October 1, 2010, continue to be held by Tithe Sixpence, the treasurer alt administered by Cady Enoch (Mary Wanamaker in RL).

Our donation goals

As explained in the previous quarterly report Linden Labs’ special pricing for not-for-profit land owners has ended, with the result that we need to raise far more to pay tier than in previous years.

The annual tier payment under the new pricing is US$ 3,540. This falls due for payment in June 2011 so we need to raise that amount by the end of May.

We calculate the monthly donation goals every month taking into account the total donations already received for the year, dividing the difference from the annual goal by the number of months remaining.

Please note that the goal amount is the very least amount of money we need to raise in order to retain possession of Epiphany Island sim. Ideally we would like to have a year’s tier payment in reserve and also have funds for further development of our inworld facilities (currently paid by a separate private donation not included in our official donation accounts). Continue reading