3d ago

Beehaw has a huge surplus of money. Could we use it to fund another service?

Our current balance is around $6000 and the average monthly cost to keep us running is $250.

If you'd like to take a closer look at our finances, then you can do it here -> https://opencollective.com/beehaw-collective

All of that being said, is there another service that the Beehaw community could provide with the extra funds?

One example could be to establish a Nonprofit Corporation (501(c)(3)) to create a legally recognized nonprofit with a clear charitable mission: education, health services, housing, etc.

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25 comments

$6k is nothing. Bank it in case of a catastrophic server failure or something.
- This. After reading "huge surplus of money," I was expecting a 5-digit figure. At current running costs, $6k is two years of runtime, but this assumes in turn that expenses never increase and no emergencies occur, which is extremely unlikely over that time period. Better to save it, I think.
  Of course, this all depends on what causes got suggested. I can't think of anything that'd be both worthwhile and (relatively) cheap, but who knows? Maybe something matching that description will come along.
  It's also worth noting how much funding Beehaw is currently getting on a monthly/annual basis. I tried looking at the Open Collective page, but there's no easy figure or chart there to look at that I can find.
- Coming from a lemme.ee refugee - bank that money for when you need it. You never know what might happen.
  
  Lemm.ee did not shutdown due to money issues, it was admin burnout
  
  I'm aware. It's a general "I don't want to see this instance disappear from the fediverse due to (un?)foreseen circumstances". Of which funding could be one.
  
  That makes sense!
  
  I have a good thought once in a blue moon lol
  
  😄

25 comments