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#30
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Re: Mentor Involvement Survey
So this topic has given me a chance to review something my accountant often makes me sit through.
Each year you have an easy 2,000 working hours. That's 40 hours per week for 50 weeks, assuming 2 weeks of vacation. For the last few years my total FIRST related activities - not accounting for day dreaming - have hovered close to or over 400 hours. So that's 1/5 of a work year spent on FIRST over my more than 2,000 hour work year. I have worked 110+ hour weeks. I am in the unusual position of being able to actually convert worked time directly into about $100 per hour after taxes (this is actually an average some of what I do pays more and some less) in wages. I have a full time job and I have other sources of income I can tap that merely require time. Strictly discussing wages I am walking away from around $40k a year. That does not include the donations which climb into the thousands collectively and the profit that never happened because it required that labor I redirected to FIRST. For example depending on how you look at the donations I made last year, last year accounting wise I put $62k into FIRST. The time involved is divided between mentoring, volunteering and 3rd party R&D because the organization does not share my interests but the results are mostly applicable to FIRST. If anyone has seen me refuse to do something: now you know why. On the other side: this is how much FIRST and the people involved mean to me. There is a fine balance here between which is more valuable: my time or my money. It is difficult to maintain that balance because of cooperation and information issues. This year was the first time someone flipped this backwards for a little while. They paid me to mentor and for the travel time to do it. While all parties involved had involvement in FIRST, it was not a FIRST activity but it was robotics mentoring. To put that further into perspective I live in NJ. My property taxes are greatly composed of the cost of my school taxes. My property taxes on my 1.25 acre exceed $11k a year. So approaching 1/3 of my income per year (considering some other charity) goes towards education of other people. As a great deal of this cost is against lost opportunity it can not be written off business taxes as other business donors can. Last edited by techhelpbb : 28-10-2014 at 19:22. |
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