Difference between revisions of "Membership Fees"

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(Cash or Check)
(Contributing Membership)
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=== Contributing Membership===
 
=== Contributing Membership===
  
$35 per month. This membership level is intended for students and people who cannot or choose not to pay for a full membership. You will have access to site materials and voting rights, but you will not be provided with your own key to the facility. {TODO: Determine how to let contrib. members in?} On rare occasion it is possible to qualify for the Contributing rate when not a student. In order to qualify you must both be able to contribute above and beyond what a Full Member does, or provide an invaluable service.
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$35 per month. This membership level is intended for students and people who cannot or choose not to pay for a full membership. You will have access to site materials and voting rights, and you will get the code to the door. On rare occasion it is possible to qualify for the Contributing rate when not a student. In order to qualify you must both be able to contribute above and beyond what a Full Member does, or provide an invaluable service.
  
 
= Payment Methods and Due Dates =
 
= Payment Methods and Due Dates =

Revision as of 13:46, 22 September 2009

Membership Fee Structure

Hive13 has two tiers of membership with different fees:

Full Membership

$100 per month. This is the membership with full rights and privileges.

Contributing Membership

$35 per month. This membership level is intended for students and people who cannot or choose not to pay for a full membership. You will have access to site materials and voting rights, and you will get the code to the door. On rare occasion it is possible to qualify for the Contributing rate when not a student. In order to qualify you must both be able to contribute above and beyond what a Full Member does, or provide an invaluable service.

Payment Methods and Due Dates

Paypal

Payments by Credit or Debit card are accepted by signing up for a subscription via paypal. Your first payment is withdrawn when you sign up, and then that date every month Paypal will automatically withdraw the membership fees. To start your subscription visit the Membership Enrollment page. {TODO: Should this link be given out when we actually accept people as opposed to being public?}

Cash or Check

Membership is due by the first of the month if paying with cash or check. You can make checks out to: Hive13. There is a locked drop box in the hackerspace where money can be deposited, or you can give your money to the treasurer (currently Craig).

How the Fees are Determined

The membership dues are determined by the Board of Directors and reflect the organizations' membership, costs for Hive13 expenses, and future group purchasing goals. The dues for each membership level will be changed periodically when the organizations' needs change.

Maths

Membership amount is derived from the amount of members and the minimum amount necessary to sustain an living space. At set intervals (TODO: Specify the dates) the membership will be re-evaluated. When membership is high the membership costs will go down. Currently we require 15 people at $100/mo minimum to sustain. If this number drops below the equation we will have to close the facilities.

Below is the equation for the minimum full members we need to sustain:

Total_Expenses = Rent + Insurance + ...
Safety_Cash = The money we want to put in the bank each month.

MemberCnt = The total # of members required
StudentCnt = The number of student members in the group.

This equation assumes $35 for students and $100 for Members.

MemberCnt = (Total_Expenses + Safety_Cash - ($35 * StudentCnt)) / $100

Therefore, if we look at it as:
Total_Expenses = $1200
Safety_Cash = $100
StudentCnt = 3
11.95 = ($1300 - $35 * 3) / $100

So we know we need to have 12 full members.

You can also graph this equation if you assume:
x = StudentCnt
y = MemberCnt

y= (Total_Expenses + Safety_Cash - ($35 * x)) / $100

Just fill in Total_Expenses + Safety_Cash with their appropriate values.

Possibly a more useful equation would be the total ammount of dues needed to be paid if we have a certain number of Members / Students

Dues = [Total_Expenses + Safety_Cash - ($35 * StudentCnt)] / MemberCnt

Here we can see that if we have 2 student and 13 full time members, the membership cost would be...
$94.61 per Member