Hacker Read

sonnyblarney · 2019-06-12 07:01:26+00:00

Yeah, I don't think $20K in 'required spending'. More like $20K/year in dues, and $2K in 'required spending'.

Even then, that's a lot.

Maralago for example only has $14K in annual dues.

cascom | karma 1986 | avg karma 3.01 · | 2019-06-12 04:57:59+00:00

I’m a little skeptical of that number, while I don’t doubt the annual dues might have been $20k/year even clubs with mid six figure initiations are unlikely to have a $20k/year food and beverage minimum

pkulak | karma 11176 | avg karma 3.68 · | 2021-04-09 15:54:40+00:00

Holy crap, the dues were really that high? No wonder no one voted for it.

EDIT: $500/year, apparently

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syedkarim | karma 1745 | avg karma 3.9 · | 2019-03-20 04:57:48+00:00

How much dues it pay?

Blikkentrekker | karma 1363 | avg karma 1.0 · | 2021-04-02 19:03:49

I would assume that dues are about money, not recognition.

blhack | karma 24926 | avg karma 6.55 · | 2014-04-24 23:26:19

We pay dues (they're not required, but they do come with some benefits. For example: in order to get 24/7 access, you have to be paying at least $50/mo in dues).

sfashset | karma 70 | avg karma 2.59 · | 2021-01-31 17:43:53

The amount of dues given is entirely optional. 1% is a recommended amount and not enforced.

tambourine_man | karma 37043 | avg karma 6.16 · | 2018-01-18 10:44:47+00:00

A mandatory membership fee.

Adrox | karma 108 | avg karma 1.89 · | 2022-06-25 08:12:14

Usually there is a membership fee for 10/100/1000$ a year, for people that want to regularly contribute.

zdragnar | karma 9641 | avg karma 2.7 · | 2018-09-01 21:33:30+00:00

I think in that case I would be better off putting the money in savings than paying into dues.

changoplatanero | karma 1291 | avg karma 3.63 · | 2019-09-24 20:42:29+00:00

You mean besides the dues?

ska | karma 12592 | avg karma 2.33 · | 2016-03-15 11:19:27+00:00

That's true. Many of these sorts of memberships are at least a few hundred dollars when you are no longer a student, so they add up pretty quickly (but maybe have tax credits).

gopher_space | karma 979 | avg karma 1.5 · | 2024-06-18 22:35:29

Isn’t a membership like $35 a year?

bcx | karma 2389 | avg karma 7.03 · | 2024-01-18 00:32:33

Looks like total revenue in the 990 was 910K, so 910/membership is likely in the 10K/year range assume only 100 members.

"According to Villa Taverna’s most recent 990, which lists the club under a different name, it raked in more than $700,000 in membership dues and $130,000 in initiation fees in 2021, along with nearly $80,000 in contributions."

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Justsignedup | karma 5147 | avg karma 4.15 · | 2023-11-27 09:21:37

right, but being a member isn't a pay-wall. This feels more like an academic argument than a practical one.

gsnedders | karma 6022 | avg karma 2.57 · | 2016-07-07 17:44:25+00:00

How is it not? Its very existence relies upon its membership continuing to choose to pay membership fees, after all.

mandelbrotwurst | karma 1328 | avg karma 1.71 · | 2020-06-11 03:29:18+00:00

Do you happen to know approximately how much higher the dues would have to have been to be for it to work?

TheArcane | karma 673 | avg karma 2.05 · | 2017-03-29 14:26:50+00:00

And they still have to foot the membership fees.

hypothesis | karma 684 | avg karma 2.41 · | 2022-01-09 18:58:52

So it says that ~6500 members are driving this by ponying up ~$511 annually. Interesting.

VikingCoder | karma 7474 | avg karma 2.71 · | 2013-03-13 23:23:21

Why? They can just join SAG.

"All new members pay a one-time-only initiation fee, plus the first semiannual dues at the time of joining. The national initiation fee rate is currently $3000.00 (initiation fees may be lower in some states). Annual Base dues are $198.00. In addition, work dues are calculated at 1.575 percent of covered earnings up to $500,000."

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