Difference between revisions of "Mo money..."
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== Useful links == | == Useful links == | ||
* [http://www.meyerfoundation.org/whatwefund/nonprofit_sector_fund/cash_flow_loan/primer Cash flow] | * [http://www.meyerfoundation.org/whatwefund/nonprofit_sector_fund/cash_flow_loan/primer Cash flow] | ||
| + | === Services for accepting Money === | ||
| + | Member can conveniently go into credit card debt paying their dues thanks to these online services. All of these allow recurring billing, handle invoicing, etc. If we end up working with the Fusion Group, they might have their own methods for collecting money. | ||
| + | * [https://payments.amazon.com/sdui/sdui/business?sn=paynow/subscription Amazon Simple Pay Subscriptions] is free through Sept. 2009, then costs 2.9% + $0.30 per transaction | ||
| + | * [https://www.paypal.com/us/cgi-bin/webscr?cmd=_wp-standard-overview-outside Paypal] costs 2.9% + $0.30 per transaction. | ||
| + | * [https://checkout.google.com/sell Google Checkout] costs 2.9% + $0.30 per transaction. | ||
Revision as of 20:23, 8 July 2009
We should start to outline what it will take a)get this place going b)keep this place going.
Contents
In the bank
Expenses
Startup
- $? Security deposit (dependent on location)
- $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)
- $? Equipment/tools (probably mostly donations/loans from members.)
Operating
A good rule of thumb would be to have 3 months operating in the bank at any given time.
- $600 - $2000 Rent
- $100 - $450 Utilities
- $60 annually PO Box (Post Office) $240 annually Small Mailbox @ UPS Store
- Boxes available at the UPS Store on Lombard street that would give us a permanent street address
- $1000+ annually Insurance (to indemnify leadership & members). I found a quote of $350 and up for general liability and $650 and up for D and O (directors and officers) insurance annually.
Revenue
Dues
Add your name here if you are willing to commit to being a member at this point. This will help us estimate our initial monthly revenues. Put the maximum amount you would be willing to pay for dues in parenthesis after your name. This will help us find the sweet spot for monthly dues, which may end up being less than you're willing to pay!
- Jon Lesser ($75)
- Sylvia Chi ($50)
- Adam Bachman ($75)
- Kelly Egan ($100)
- Matthew Forr ($80)
- Mark Huson ($75)
- Steve Stowell ($75)
- Avery Boyce ($40)
Donations
If you are willing and able to make a donation to the Node, add your name here along with the amount. The donations will go to things like security deposit, incorporation fees, supplies, equipment, outreach, and other non-recurring costs. Donations will likely be tax deductible if we get our initial 501(c)(3) letter from the IRS this year.
- Jon Lesser ($500)
- Adam Bachman ($300)
- Kelly Egan ($300)
- Mark Huson ($300)
- Steve Stowell ($300)
Training/Education
Revenue from classes and specific vocational training.
Kits
Develop projects with "Make"-ability in mind, and provide retail parts-and-instructions kits.
Useful links
Services for accepting Money
Member can conveniently go into credit card debt paying their dues thanks to these online services. All of these allow recurring billing, handle invoicing, etc. If we end up working with the Fusion Group, they might have their own methods for collecting money.
- Amazon Simple Pay Subscriptions is free through Sept. 2009, then costs 2.9% + $0.30 per transaction
- Paypal costs 2.9% + $0.30 per transaction.
- Google Checkout costs 2.9% + $0.30 per transaction.
