SCIENCE

SCIENCE, LLC (the Supreme Council Initiating and Empowering Nerdy and Cool Events) is a Limited Liability Company which was created to run the SNAFU Con event.

The owners of SCIENCE are Thomas, Sammich (Sam H.), and Beta. Beta was the original financial backer and is the accountant for the company. Although the company is a "for profit" company, all profits from the SNAFU Convention are put back into the convention itself. The company has no employees.

The owners are not paid, although equity is allocated to each partner. In 2018, Nathan leaving and taking his equity crippled the company (and therefore the con) bank account. As a result, the remaining parters put in place an agreement that no owner may take out of the company more than 5% annually over the actual money they put into it, even if they leave (any remaining equity balance becomes a note payable over time).

Current Partnership

Current partnership owner percentage is Beta 65.85%, Thomas 29.36%, Sammich 4.79%.

Partnership Changes

• The partnership started as Nathan, Beta, and Eddie.
• Eddie left early on (2011?). No equity had been allocated to Eddie so there was no pay out.
• Thomas bought into the company as a 20% partner in 2015, changing ownership to 40% for each other partner.
• Nathan was a partner from 2010 through early 2018. The company paid him his entire equity balance.
• Sammich bought into the company in 2018.

Financial Statements

Year	Balance Sheet	Income Statement	Net Income/(Loss)
2019	Balance Sheet	Income Statement	$2,858
2018	Balance Sheet	Income Statement	($436)
2017	Balance Sheet	Income Statement	$8,688
2016	Balance Sheet	Income Statement	$4,753
2015	Balance Sheet	Income Statement	$15,716
2014	Balance Sheet	Income Statement	$22,044
2013	Balance Sheet	Income Statement	$9,953
2012	Balance Sheet	Income Statement	$7,951
2011	Balance Sheet	Income Statement	($2,689)
2010	Balance Sheet	Income Statement	$3,361
2009	Balance Sheet	Income Statement	($484)