SH3 Hash Cash


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Starting 2022 

2022 Hash Cash Historical Assessment

(Please see the bottom of the page as to how to pledge)

Any questions or comments, please click here & 

Email our Hash Cash, Secaucless

Observations:

  1. From 2003 until 2019 we averaged 34 pledges of ~ $25 each = or roughly $850/year. Between 2013 & 2017 (the most recent collection periods) we had averaged 45-50 pledges/dues payers.
  1. Although we have had as many as 80 Summit Hashers over that 7 year period, we now see roughly 50 different active hashers these days (so ~30 are no longer involved with SH3 on any frequent basis).
  1. Clearly there is a cost to maintain the Website and SH3. At minimum, it is ~$110 per year for the website itself + ~$100 every 3 years for “backup” costs. So then roughly $143/ year (at 2022) just for the website. Rounded to $150/ year, this is our minimum cost sans subsidies.
  1. Since December 2020 (15 months ago) there is a new Bank requirement to keep a minimum balance of $1,500 in the account, else a $15 charge/month. That then means that a) we have to keep roughly $1,650 in the bank at all times to meet out obligations.
  1. To give you a general Idea of recent usage -> we had ~$7,000 in the bank 4 years ago and spent it all on subsidies of AGM’s and IH’s and now, since we no longer collect hash cash, we have only $1802 to begin the year. As you see above- $1,650 of that can’t be touched, leaving $152.
  1. We have subsidized AGM’s and Interhash’s between 2013 and 2019 anywhere from $0 to $1,100 per any event, averaging $400-500 per event (when subsidized). It’s unclear why we subsidized in some cases & yet in others we did not (a choice of the sponsors to cover all costs)? So thought should always go into whether we should subsidize in the future and if so, a) what events , b) for what reasons and c) how much should we limit this to. At minimum, we should endeavor to be consistent. Maybe set a general guideline (where say $200 – or some other amount- is the max subsidy in a case where such a miscalculation exists)? And if we decide to cover a free giveaway to hashers, then we need more built into the kitty. The Goal being – to break even if possible!
  1. So then, the above offers a clear reason for hash cash, if we have any plan to a) subsidize or b) cover up front costs of an event (to hold or rent a place, hotel room, etc). If we planned that usage, we would need perhaps another $1,000 in the bank at all times. That would be without any subsidies (& those “Up Front” costs expected to be reimbursed to hash cash post event unless subsidized).
  2. Therefore, in any pledge period, if 40 people contributed $25/, then we would reach the balance required in the first year of implementation to reach a goal (backing out the $150 web costs & Bank minimum balance of $1,500) of having ~$1,000 in the bank – if that’s a comfortable number for us? If say, we reach that goal, then we might not need an annual pledge or dues and instead could base it purely on an need to keep us afloat, without any intention to build the bank balance back up to say $7,000. Simply put then roughly $2,650 ($1,500 min balance + $150 we costs + $1,000) would be a comfortable level to achieve.
  3. At April 2, 2022 I’m happy to report that we are now at ~$2,599- almost where we hoped to be.

Finally, as Hash Cash, I presently accept pledge money (of any amount you wish to contribute), preferring to accept cash, checks, or Paypal at this time.

Secaucless, Hash Cash 

To submit any Pledge $, you can do any of the following:

1.  Make check payable to “Summit Hash House Harriers” & submit to Hash Cash (Secaucless) the next time you see me.

2.  Give $/cash to Hash Cash (Secaucless).

3.  Send via PayPal to “hashcash_shhh@verizon.net”. It’s easy to do. Make sure to specify “Friend & Family” so there is no fee deduction.

Thanks