Difference between revisions of "Membership Dues"
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Revision as of 12:02, 14 January 2010
THIS PAGE IS A WORK IN PROGRESS
Membership Fee Structure
LVL1 has one type of membership
Full Membership
$50 per month. This is the membership with full rights and privileges.
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 Your first payment is withdrawn when you sign up, and then that date every month Paypal will automatically withdraw the membership fees.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 click the link on the main 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: LVL1 Inc. You can give your money to the Brian Wagner (temporary treasurer).
How the Fees are Determined
The membership dues are determined by the Board of Directors and reflect the organizations' membership, costs for LVL1 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 we think may be necessary to sustain an living space. At set intervals (TODO: Specify the dates) the membership will be reevaluated. 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
 This page was geefully rippedoff from Hive 13  Thanks Craig!