We here at Skepticon HQ are forever begging you for money. You get it, we need funds to make Skepticon happen. But do you ever wonder where your money is really going?
Wonder no more.
We have a brand new Financials page on our website! We have included reports for both our fiscal year and a report that shows our income and expenses for the calendar year. We have also included copies of our Federal income tax filings.
What is a fiscal year? A fiscal year is a tax year that ends on a date other than December 31. Our fiscal year end is June 30. This means our tax returns are filed based on our income received July 1 through June 30.
What do the reports show? The Statement of Activity shows the income received and expenses incurred by Skepticon for the time period shown at the top of each column. The Statement of Financial Position shows how much money is in our bank accounts, as of the last day of the last month at the top of each column.
Why do these reports start on July 1, 2012? Our official date of incorporation was July 3, 2012, so July 1 seemed like the perfect starting point of our new accounting record keeping. This is your money, we figured you might like to see all the numbers, not just the current ones.
Why did you include a calendar year report? Skepticon’s fundraising cycle is closer to a calendar year than our fiscal year. Technically, each fundraising cycle is from the end of one Skepticon to the end of the next, but since our conference dates change each year, that’s an impractical way of reporting. So, we’ll use a calendar year for the fundraising cycle reporting.
What is a 990-N (e-Postcard)? This is the version of the tax return we file with the IRS. As a non-profit organization that normally earns less than $50,000 in gross revenue (that is, income before any expenses are taken out), we are not required to file a full tax return. A full tax return is required when we receive more than $50,000 in 3 out of 5 consecutive years — this is our dream and goal! Yes, we do actually want to file a big honkin’ tax return, because it means Skepticon has become an even bigger success!
Why did you provide all these reports and stuff? This is your money we’re spending. You deserve to know where it goes.
I have questions about the reports! Email us at [email protected], and we will be happy to answer questions!
We appreciate all you do to help us keep this conference going. If you donate to us, THANK YOU! You rock! If you pass on our calls for donations through your blog, social media or word of mouth, THANK YOU! You also rock! If you don’t do either but still love Skepticon, THANK YOU! We make this conference happen for you, our audience, and we appreciate every single one of you!
P.S. Help us keep Skepticon awesome. Please donate here if you can!