Event:2018/01/22 Finance & Fundraising

Finance/Fundraising Meeting - 22 Jan 2018

= Attendees =
 * Brian, Laura, Mary Ann, Jenny

= Updates =
 * At Delegates meeting, Brian approved to be secretary, Jenny to be Treasurer, Lynn to be president
 * Meeting to be set up to orient Brian to secretary role
 * Budget approved
 * Any suggestions for people to nominate themselves to be officers-elect? Send juties doc out to more lists
 * $155.38 from Facebook donations!
 * Laura requested postal addresses from larger Kitchen donors and has purchased cards to write.
 * PDF grant for Community Defense Network completed. Laura will call the mtomorrow about getting an emergency grant so that project cen start sooner.
 * Decapital grant for basement media center completed
 * Free composting bins received
 * Phat Beets caught up on rent. Notice sent that we would start charging late fee.
 * ABDC almost caught up on rent
 * $10,000 check from Brewster cashed
 * Extra charge for CCL lab basement space implemented w notice about space expansion
 * We have a relatively large amount of funds in the bank right now, mostly for kitchen
 * Ben & Jerry's reissued grant check we lost ($1K)
 * Sudo has a fundraising committee now, members who havent been paying were reminded and payments are up
 * Changes to OOC bylaws approved at delegates meeting

= Discussion =

Sin Fronteras lease

 * Jesse said we have to charge them market rate. Laura logged into Loopnet and looked up restaurants for lease. Cheapest was in lower bottoms, kinda run down, ~$1.80/sqft. One on Telegraph for ~$2/sqft. Laura calculated sqft of bar area + 1/3 entrance hall = $1,270 base rent.
 * Emailed them about it. They weren't completely opposed.
 * Mary Ann: Have they told you they're being supported by someone - getting a grant to do this? Not sure if it's true. . Jose mentioned they may have startup support $$s
 * Jenny: Maybe they could have an LLC and a nonprofit conducting trainings, workshops, etc?
 * Brian: Wicked Grounds claims to be a 501c3
 * Laura will draft actual lease with them and submit to delegates.

Property Taxes

 * Brian: Good news: penalties for nonpayment are financial only.
 * * Non-payment doesnt affect our application status
 * Tax payment process is separate from tax exemption process
 * No straight answer re: what the cap is for fines & fees (doc sez $250 but kinda ambiguously)
 * Hadn't yet even been entered in their database
 * Someone will call Brian back supposedly shortly - talk to supervisor if not in database already

Kitchen Campaign

 * Laura suggests a $5K matching campaign launch this week or next
 * Jenny exported CSVs of previous donors - hella shirts (~150 = ~$2000)
 * Jenny & Marc to sesh this Friday on Hackpacks & Stickers
 * Place @ 51st & Shafter for shirt printing
 * Laura making text for Thank You cards, + possibly foto?

= Action Items=
 * set up meeting w Jenny to orient Brian to secretary role
 * Send reminder to Ed and Patrik to let us know when they're going to cash their checks - Jenny
 * review subleases for renewal and include 3% annual increase
 * Set up Quickbooks class w/ NeedaBee, Liz, Charley, others?? - Jenny and possibly Brian?
 * Laura modify OOC bylaws to have 3 officer board.
 * Mary Ann will look into alt tshirt printing place
 * Email original donors to confirm their addresses - Jenny
 * Schedule next kitchen meeting for Wednesday - Jenny
 * open new bank account at beneficial - jenny & laura(?)
 * Laura draft Sin Fronteras lease