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IOTA Business Overview: Financial Summary and Publication Insights (2011-2012)

This report provides a detailed overview of IOTA's financial status from July 2011 to October 2012. Starting with a balance of $6,305.46, the business experienced a net decrease of $308.17, resulting in an ending balance of $5,997.29. Key income sources included membership fees and royalties, totaling $3,607.37 and $786 respectively. Expenses primarily arose from printing and mailing costs, which amounted to $2,617.18. The report also discusses the JOA publication's performance, membership statistics, and ongoing transition to online access.

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IOTA Business Overview: Financial Summary and Publication Insights (2011-2012)

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  1. IOTA Business Overview • Starting Balance: 2011 July 11 • $6,305.46 • Ending Balance: 2012 October 19 • $5,997.29 • Net decrease in Balance: • $308.17

  2. IOTA Business Overview • Membership Income: $3,607.37 • Interest: $6.98 • IOTA-VTI Royalties: $786 • PayPal Balance: $510.64 • Expenses • Printing/mailing costs: $2,617.18 • JOA layout/design: $1,973.88 (6 issues) • Web service: Still donated • Awards $ ? • Fees: PayPal fees totaled $55.10

  3. IOTA Business Items • JOA publication • On schedule (slightly behind on current issue) • Obvious European ‘flavor’, need more global contributions? • Online access • Issues uploaded well before print copies are delivered • Encouraged to switch to online access, although… • Complaints • Only from EBSCO-type services

  4. Membership/Subsciptions #s • Print • 67 USA • 20 Outside USA • Online-only • 45 subscribers

  5. JOA 1203 costs • Layout/Design: • $305.99 (Є238) • 90 Copies Printed: • $232.56 • Envelopes/Labels/Printable Postage Sheets: • $124.30 (purchased every 2-3 issues) • Postage: • $332.56

  6. JOA 1203 costs • Net cost of ~$912.55 for this issue • (“about” due to irregularity in supplies) • 87 issues mailed so each issue cost ~$10.49 • Price paid per issue by members depends upon several factors (location, payment & delivery options) but is ~$10.29

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