Difference between revisions of "Mo money..."
| Line 14: | Line 14: | ||
* '''$?''' Rent & utilities | * '''$?''' Rent & utilities | ||
* '''$?''' PO Box | * '''$?''' PO Box | ||
| − | * '''$ | + | * '''$1000+ annually''' Insurance (to indemnify leadership & members). I found a quote of [https://www.fracturedatlas.org/site/faq/c/General+Liability/67 $350 and up for general liability] and [https://www.fracturedatlas.org/site/faq/q/Directors%20and%20Officers%20Insurance%20%28D%26O%29/414 $650 and up for D and O] (directors and officers) insurance annually. |
==Revenue== | ==Revenue== | ||
| Line 22: | Line 22: | ||
* Jon Lesser ($75) | * Jon Lesser ($75) | ||
* Sylvia Chi ($50) | * Sylvia Chi ($50) | ||
| + | * Adam Bachman ($75, would prefer $50) | ||
=== Donations === | === 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. | 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) | * Jon Lesser ($500) | ||
| + | * Adam Bachman ($300) | ||
Revision as of 01:24, 2 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
- $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, would prefer $50)
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)
