Axanar had a net loss of $150K overall, funds covered personally by Alec, as they exceeded the $1.2 million raised from the various crowd-funders. In 2017 alone, expenses for Axanar Productions totaled just over $35K, of which approximately $26K was paid to cover final legal expenses for items not included in the pro bono agreement with law firm Winston & Strawn.
Although Axanar Productions never completed its filings for 501(c)(3) status in California, there is currently some consideration of trying to make OWC Studios into a tax-exempt charity, considering the work they’re doing with film education in the local Georgia school districts.
Alec and I went on to discuss work being done towards the completion of the USS Ares bridge by a team of volunteers, along with future intended uses for the set and studio. And then we began talking about the upcoming Axacon event scheduled for November 2-4 (order your tickets here!) when Alec dropped a bombshell that he expects to LOSE $5,000 on Axacon. Rather than being a profitable endeavor and helping to fund production of the final two Axanar fan films, this convention is going to cost Alec quite a pretty penny!
And that’s where we pick up our interview, already in progress…