HSKL Income and Expenditure Statement – Jan – August 2010
As a not-for-profit organization, we are publishing our income and expenditure statement. The latest statement covering January till August 2010 is available here. We are pretty much in the red, and the number of paying members that we have up until August has not been able to cover the full operating cost of the space.
We have not been vigilant enough in getting members, or ‘forcing’ current paying members to pay – our strategy has always been a minimum of three months membership, and after that is up to the person whether he or she still want to remain as paying members. Basically, we don’t force or bind members longer than three months.
Other updates: we bought an aircond – so the hardware hacking room is pretty cool now. And we’ve a projector. Yay!