Difference between revisions of "Membership Fees"

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(Cash or Check: Updating with current treasurer.)
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= How the Fees are Determined =  
 
= 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.
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The membership dues are set by the Board of Directors with input and approval by the membership.
 
 
= 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:
 
<pre>
 
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.
 
</pre>
 
 
 
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
 
<pre>
 
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
 
</pre>
 
  
 
[[Category:Membership]][[Category:Funding]]
 
[[Category:Membership]][[Category:Funding]]

Revision as of 13:52, 13 October 2014

Membership Fee Structure

Hive13 has two tiers of membership with different fees:

Full Membership

$50 per month. This is the membership with full rights and privileges.

Elite Membership

$13.37 per month. This membership level is intended for people who cannot pay for a full membership. You will have access to site materials but not voting rights, and you won't get the code to the door.

Student Membership

Full-time students may pay the discounted price of $13.37 and have the rights and privileges of a Full Membership.

Payment Methods

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.

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 Jim Dallam).

How the Fees are Determined

The membership dues are set by the Board of Directors with input and approval by the membership.