Difference between revisions of "Mo money..."

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==Operating expenses==
 
==Operating expenses==
A good rule of thumb would be to have 3 months rent in the bank at any given time.
+
A good rule of thumb would be to have 3 months operating in the bank at any given time.
 
* '''$?''' Rent & utilities
 
* '''$?''' Rent & utilities
 
* '''$?''' PO Box
 
* '''$?''' PO Box

Revision as of 19:57, 1 July 2009

We should start to outline what it will take a)get this place going b)keep this place going.

In the bank

Startup expenses

  • $170 (+$50 to expedite) Incorporating in the state of Maryland
  • $750? Filing for 501(c)3 status with the IRS (unsure on this number)
  • $? Furniture (probably mostly donations)
  • $? We should have some basic equipment on hand for people to use and for workshops.

Operating expenses

A good rule of thumb would be to have 3 months operating in the bank at any given time.

  • $? Rent & utilities
  • $? PO Box
  • $? Insurance (to indemnify leadership & members)

Revenue

  • $? Membership fee ($50, $75, $100?)
  • ?