Member Rewards Amendment
Apparently this amendment was voted on at a meeting that took place on Tuesday, August 31, 2010 but the minutes of that meeting do not exist in this wiki. There is a posting in the google members' list setting out the text of the amendment, and according to the 2010 list of votes, it passed. The google groups email from Sacha is here: https://groups.google.com/group/pumping-station-one/browse_thread/thread/87edf9284ebaf4d7
Member Rewards Amendment
Abstract:
Obtaining third party cash donations for any organization requires a significant concerted effort from many people to organize, discuss, negotiate, and fulfill requirements and requests of a donor individual or organization. This amendment aims to recognize these efforts and reward the many hours of work required to attract monetary donations.
Amendment:
The Board of Directors is authorized to reward any members who perform the necessary work and negotiations to attract, fulfill obligations of, and retain third party monetary donations to Pumping Station: One. The nature of these rewards will be in the form of Store Credits (defined below) and/or gifts. Gifts may include, but not be limited to: Pumping Station: One tee-shirts, stickers, and artwork.
The actual policy of rewards given per amount of donation or formula for determining the rewards will be decided by vote of the Board of Directors and shall be publicized to all members.
In the case where more than one member contributed materially to the work for the donation, the reward will be split evenly amongst the participating members.
The Treasurer shall track all Store Credits and apply them as requested by the owners of the Store Credits.
Limitations and Definitions:
All reward calculations are based on net donation to Pumping Station: One, NFP, minus any associated costs and reimbursements. This amendment applies to monetary (not in-kind or material) donations from non-members (i.e. third parties) to Pumping Station: One, NFP only. This amendment does not apply to donations provided by members directly to Pumping Station: One, NFP. Pumping Station: One Store Credits may be exchanged for discounted Pumping Station: One membership fees or products sold by Pumping Station: One, and are not redeemable for cash. If used for membership fees, only one Store Credit may be used per monthly fee.
One Store Credit is valued at the difference between the Full Membership Monthly Fee and the Starving Hacker Member Monthly Fee, as set by the Board of Directors OR the Starving Hacker Rate minus $10, whichever is the smaller value. Store Credits have no cash value. Store Credits may be transferred from one member to another. A member may choose to waive his or her awarded Store Credits. In this case, no Store Credits will be created or issued.
Store Credits expire twelve (12) months after they are awarded and have no value after the expiration date. Any taxes on Store Credits must be paid by the recipient, and Store Credits are void where prohibited.