Tunabananas at 16:38, 11 August 2016

2016-08-11T16:38:26Z

← Older revision		Revision as of 16:38, 11 August 2016
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	* https://omnicommons.org/wiki/Event:2016/02/15_Fundraising		* https://omnicommons.org/wiki/Event:2016/02/15_Fundraising
	* https://omnicommons.org/wiki/Meetings		* https://omnicommons.org/wiki/Meetings

			[[Category:Fundraising]]

Tunabananas: Created page with "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. op..."

2016-03-15T16:55:43Z

Created page with "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. op..."

New page

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
* David wrote to Rainin Foundation yesterday
* Jenny emailed Nor Cal Grantmakers foundation for for an emergency loan
* Created spreadsheet of current foundations to approach
https://docs.google.com/spreadsheets/d/1_eJl9qxM2gNSUCtxtfRq9uBAqNYGuj4_RwtmMCIxZkI/edit?ts=56da57cb#gid=0

== 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

Event:2016/03/07 Fundraising - Revision history

Tunabananas at 16:38, 11 August 2016

Tunabananas: Created page with "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. op..."