Event:2016/03/07 Fundraising

Omni Fundraising WG meeting Monday March 7, 2016

who

 * yar, jenny, laura, marcus, alan, matt, dk

oaklandish

 * they want to publish a follow-up from last year. opportunity to get more exposure!

= Requisite Loan Docs in the Cloud = at https://omnicommons.org/cloud under 'AAA Mortgage Application Documents' - Docs we don't have are in bold:


 * Financials - https://omnicommons.org/cloud/index.php/s/ybQ3WCnLqAIRDkQ
 * (BSB) Interims / Year-to-Date (ie by quarter) -- periodic actual budget
 * (BSB) P & L statement
 * (BSB) Must include monthly income statements (where funds are budgeted)
 * wtf, mate?
 * (BSB) Balance sheet -- what's the difference? Do we need this?
 * (BSB) Make sure we include the rent-roll in P & L, Quarterlies, etc.
 * (Matt^2) Pro Forma (projected) Budgets for 10 years that look optimistic - working doc @ https://docs.google.com/spreadsheets/d/1DCFMb5KomLhrfz1nD5QFvuEkV-LDTCsYgmfyKu-yUkU/edit#gid=123665223
 * (Laura) Proof of $1M donation
 * (Matt G) - Act on taxes based on feedback from Jesse Palmer (emailed 1/9) Laura is working on 2014 and will then do 2015. In touch w prof tax preparer recommnded by Rick Lewis
 * Executive Summary - https://omnicommons.org/cloud/index.php/s/44AECmfynlNoOmX
 * (?) Project Summary (of The Omni)
 * (?) Ownership Breakdown -- principals, meaning the people -- not the organizations
 * Come up with a list of people with good credit, reputations, reliability, long-term committment, etc.
 * (?) Borrower Background -- seems to mean credit, other loans, any other lending history, etc.
 * (?) Evidence of city approval / support - https://omnicommons.org/cloud/index.php/s/qmXfkWsWjhqZhb0
 * Conditional Use Permit? ~3 months to receive
 * Business License? - ~3 weeks to receive, will Account # suffice?
 * Zoning Clearance
 * Option to Purchase (with rest of lease) - https://omnicommons.org/cloud/index.php/s/3NI6PCPqW9TIxBA
 * Proof of 501c3 (ours or our sponsoring entity) - https://omnicommons.org/cloud/index.php/s/T8FeURTcwAtdDUz
 * All corporate formation documents (bylaws, articles, ein, BoD) - https://omnicommons.org/cloud/index.php/s/qdauGnU0cM4w4e3
 * Evidence of Insurance (GL, Fire, Property) - https://omnicommons.org/cloud/index.php/s/grakTBA7ZR2zxMg - DK sent an email to John 3/6
 * Preliminary Title Report - https://omnicommons.org/cloud/index.php/s/kd6yNBTkc9E0fv2
 * Letters of Support for organization - https://omnicommons.org/cloud/index.php/s/z8VRg5mmvED8CgE
 * Can include existing organizations in omni, groups that have had events here, etc. See list under below for ideas of who to ask
 * Press Coverage - https://omnicommons.org/cloud/index.php/s/lzhLI3bkf34jU1X
 * Website - need to 'IRS proof'

Chuck Green - Bay Area Capital Funding Inc- (650) 631-1800 phone

 * Attorney's letter regarding donation
 * List of improvements -- continue to invest in the building
 * Still can use some additional help -- "wishlist" or rather "itemized list" from a contractor for future improvements
 * Rent Roll at some point -- fairly detailed
 * love the example
 * when they moved in, how big the space is, how much is rent, when the lease expires
 * Income Statement
 * Annual 2014 & 2015
 * YTD 2016
 * Will talk to non-profit lender that lends to non-profits first

Letters of Support

 * Berkeley Law
 * Oaklandish
 * Rainen Foundation
 * Southern Exposure / Andy Warhol Foundation
 * SF MOMA

RENT

 * Currently in the bank: ~$4K
 * Total due April 1st: Rent ($15K) + Quarterly Insurance ($2K) + Utilities ($2K) = $19K
 * Total $ from member collectives due: $9500
 * We need to raise at least $5K, ideally $10K
 * Jenny has emailed two previous lenders asking for $10K loans to help get us through the next couple of months
 * Draft 'ALL HANDS ON DECK' email: https://docs.google.com/document/d/1tBAtLYq4Oni10yIaOf6g7I8jnVTsy0QjDAlMYVbjfW4/edit?usp=sharing
 * Ping Ryan B
 * Ping JPB then ask Alan's friend Matt to follow up if he doesn't reply
 * Rent out the basement - start showing it to groups
 * Rent out the inner room in the basement for audio production?
 * Ballroom rental that doesn't involve public events?
 * Rehearsals, choirs, plays,
 * Kiva Zip loans - two $10-15K loans or roughly ~$25K - two weeks to pull the application together and a month to earn the $

Reimbursements from John

 * ADA Improvements: Front door, bathroom, lift, door widening + labor (talk to Enoch, Ryan G, Jake, Jack, Sarah W)
 * Any necessary improvements to pass fire inspection [fire extinguishers + certification, electrical fixes, emergency lighting and signage]

Grant writing meeting
Marcus, Jenny, MaryAnn, Niki met to discuss writing grant apps https://docs.google.com/spreadsheets/d/1_eJl9qxM2gNSUCtxtfRq9uBAqNYGuj4_RwtmMCIxZkI/edit?ts=56da57cb#gid=0
 * David wrote to Rainin Foundation yesterday
 * Jenny emailed Nor Cal Grantmakers foundation for for an emergency loan
 * Created spreadsheet of current foundations to approach

Previously

 * https://omnicommons.org/wiki/Event:2016/03/04_Fundraising_at_Mary_Anns
 * https://omnicommons.org/wiki/Event:2016/02/29_Fundraising
 * https://omnicommons.org/wiki/Event:2016/02/22_Fundraising
 * https://omnicommons.org/wiki/Event:2016/02/15_Fundraising
 * https://omnicommons.org/wiki/Meetings