Saturday, March 5th, 2017
What you are looking at here is 3 years of financials for Axanar. As we are just about to release our top-level financials to Axanar donors, I thought you would all be interested in what we have done. Now, I will readily admit, that going forward, for Axanar Productions, Industry Studios, and whatever we do, we will be much better at being proactive about managing and sharing our finances with our donors. While we feel that we have always given out more information than any other fan film about how donor money is being spent, we also know we can be much better. That is why we will have a production accountant handle all money from crowd funding from now on from the beginning. Our accountant told me our books were in better order than 90% of his clients, but we think that being that we owe you donors to be really smart about how we use your money, we want to be the best.
So in the photo above you see all three years of Axanar Productions finances. The books are color coded: Orange = 2014, White = 2015, Fuscia = 2016. The larger books have every single receipt in them. The smaller books have all the bank statements and tax documents.
Every dollar of donor money received is accounted for (I mean, even Paypal sends you a tax document these days). And not only is there no way to hide money when you turn over every document to your accountant, but you better not do that from the IRS, because they will find it! And frankly, since our expenses WAY exceed our income, there is absolutely no reason to do so.
Mike Bawden is on vacation till tomorrow, when we expect to release our top-level financials and the report of the Financial review Committee with our plan for Axanar moving forward. We are excited to share all this with you and we will continue to keep you posted every day here on my Captain’s Log as we are now officially back in pre-production!
(The photo was taken in my office where I have a lot of geek stuff. Yes, that is one of Captain America’s screen-used shields from “The First Avenger”.)