Re: [newtech-1] Your NY Tech Meetup receipt

From: user 7.
Sent on: Sunday, March 1, 2009 11:21 PM
Great response.? Cheers.

On Sun, Mar 1, 2009 at 11:16 PM, Nate Westheimer <[address removed]> wrote:
Look what happens when you step away from the computer for a Sunday afternoon!

Let's see if I can answer some questions without getting down and dirty like some folks on this thread.

Firstly, Meetup, Inc. gains nothing from our meetup. In 2010 they will start taking a payment processing charge (as Amazon.com does today) but right now that amount is zero and in the future it will be very small (we're talking pennies).

As for our organization's structure, to-date it's been quite unofficial. That's why I've stepped in: to make us more official, and to form a legitimate non-profit. But that doesn't happen overnight! We've now formed a Board, and we'll be meeting within a month or two (look at the people on the Board! They're very busy people! http://nytm.org/board ) to discuss formal structure and non-profit formation. So, for now, the RSVP money is put in my personal Amazon account and all money is deposited in a bank account Scott and Dawn setup for NYTM expenses years ago.

So, where does your $10 go?

Until this month, nearly every single dollar went to pay for spaces (no space for hundreds is free!) which always cost more than the revenue generated from the RSVPs. This is why we've had sponsors in the past. In addition, a very very small amount was paid out to part-time help who has made sure the events run smoothly behind the scenes.

For the record, I have taken no money to-date, and consider this pro-bono community organizing. You're welcome!

As for this month, for the first time in the NYTM's history we'll have a surplus (because I found a cheaper space which can hold more people. You do the math.). However, while I'd love to unilaterally lower the price, this is now at the discretion of the newly formed? Board, so I now have to take direction from the Board when we first meet. Don't worry! The primary purpose of the Board is to custody the NYTM's resources in the most responsible manner. As you can tell, I'm also about transparency, so what's decided will clearly have the best interest of the Organization and the community as the priority, and I'll communicate that decision when its made.

So that's it. If anyone has more specific questions, you can always email me [address removed]

See you all through the snow!

Nate

On Sun, Mar 1, 2009 at 10:28 PM, Baba <[address removed]> wrote:
well I surely will like answers if nobody else cares.
Amazes me that Nate Westheimer gets this money & he did not do jack to get it. Wow I must be a sucker but Ill hope to get some answers then Ill cut my losses as I see fit.


On Sun, Mar 1, 2009 at 8:33 PM, Konstantin <[address removed]> wrote:
Maybe these questions should be raised at tomorrow's meeting?



On Sun, Mar 1, 2009 at 8:02 PM, Adam Black <[address removed]> wrote:
> good points.
> 600 people 12 times a year *10 bucks = $72,000 .
> Wheres it going exactly???
> Not a bad revenue and suspect enough to pay for room hire and then some.
> On Mar 1, 2009, at 7:28 PM, Baba wrote:
>
> I just signed up for the meet up tomorrow.
> The reciept I got for paying $10 says that the payment was credited to this
> person:-
> ?"Recipient: Nathaniel Westheimer For: Payment (for 1 person) for NY Tech
> March Meetup - Unbelievably Cool Tech to Nate Westheimer"
>
> I have posed this question once before and not a single person responded to
> the question being,
> ?WHAT happens to all this money being collected?
>
> If this meetup group is a For Profit Meeting run by a group of folks, then
> we should get a receipt which states the money is going to a Corporation, if
> it is going to a Non-Profit group then it should state that on the receipt.
> I just don't like this lack of transparency and if I don't get the answers
> my only choice would be to not partake in the activities. TO me the idea is
> that a group of folks who have interest in new technologies in NYC gathering
> together and exchanging ideas. If it is run by a bunch of folks who want
> make money from it then so be it, I don't have to participate if I so
> choose.
> Also if one is going to expense this event then a receipt from an Individual
> is not acceptable to the Tax authrities, they would like more information.
> One may argue that this is such a small price why make a big deal of it, but
> it is not the amount in question it is the Principle.
> Hopefully one of the folks who run this event will be willing to answer
> these questions.
> Definately somebody is making money and if I check last over 600? people had
> signed up for tomorrow so $6000 was collected, could we get a breakdown of
> costs associated with this event and if not then let us know that this
> meetup is run by a group that profits in hosting this event and that will be
> the end of the discussion.
> Awaiting a response
> Sincerely
> A tech meetup member.
>
> On Sun, Mar 1, 2009 at 6:26 PM, Meetup <[address removed]> wrote:
>>
>> Hi Baba,
>>
>> Thanks for paying for NY Tech March Meetup - Unbelievably Cool
>> Tech.
>> http://www.meetup.com/ny-tech/calendar/9667346/
>>
>> Below is a confirmation of your payment.
>>
>> Number purchased: 1
>> Price (per person): $10.00
>> Total paid: $10.00
>>
>> Your unique confirmation number for this Meetup is A91792.
>>
>> To view your payment information online, click here:
>> http://www.meetup.com/payments/payments_made/
>>
>> If you have any questions, please contact your organizer, Nate
>> Westheimer.
>> http://www.meetup.com/ny-tech/suggestion/
>>
>> Best regards,
>> The Team at Meetup HQ
>>
>
>
>
> --
> "Wise men talk because they have something to say; fools, because they have
> to say something." Plato
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> Meetup Support: [address removed]
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>
> Adam Black
> Cell USA: [masked]
> Fax:?[masked]
> Email: [address removed]
>
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"Wise men talk because they have something to say; fools, because they have to say something." Plato




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