Frënn vun der Ënn A.S.B.L.

Luxembourg based non-profit organization defending civil rights on the internet.

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Financial Report 2016

Frënn vun der Ënn a.s.b.l.

Treasurer: KAHR Patrick

I. Overview

Assets 01/01/16 31/12/16
Bank Account (currents) 7502.73 EUR 4221.50 EUR
Bank Account (savings)* 2694.87 EUR 2692.71 EUR
Paypal 0.00 EUR 59.90 EUR
Cash 0.00 EUR 0.00 EUR
Bitcoin 0.1599 BTC 0.0061 BTC

* Please note that money on the savings account is NOT owned by FVDE but by some of its members. This deposit is required by our bank to back our VISA credit card.

II. Details

Revenues: 3 804.53 EUR

  • Donations: 2 574.53 EUR
  • Membership fees: 1 230.00 EUR

Expenses: -7 025.86 EUR

  • Servers: -6 352.55 EUR
  • Admin. charges: -416.19 EUR
  • Other: -257.12 EUR

Total: -3 221.33 EUR

III. Outlook

In comparison to last year we received less donations. (Note that the high amount last year was due to a very generous but non-recurring single donation.) The amount of collected membership fees is also lower than last year.

On the other side, we spend more money on infrastructure. This is a consequence of some necessary hardware upgrades.

The overall result is negative. In order to continue our projects we have to find new funding opportunities and gain a stable number of members.

BTW: We are loosing money (-2.16 EUR) on our savings account due to the low interest rate!

blog/financial_reports/financial_report_2016.txt · Last modified: 2017/03/08 21:55 by kahpa