https://omnicommons.org/mediawiki/index.php?action=history&feed=atom&title=Event%3A2016%2F10%2F10_Fundraising 2026-04-23T21:40:25Z Revision history for this page on the wiki MediaWiki 1.37.2 https://omnicommons.org/mediawiki/index.php?title=Event:2016/10/10_Fundraising&diff=5037&oldid=prev 2016-11-28T08:16:14Z

<p>Created page with &quot;Omni Fundraising/Finance WG Meeting - 10 Oct 2016 = Attendees = Jenny, remote Laura, Mary Ann, Brian, Liz = Updates = * Mindmap of our filing system organizational structure...&quot;</p> <p><b>New page</b></p><div>Omni Fundraising/Finance WG Meeting - 10 Oct 2016<br /> <br /> = Attendees =<br /> Jenny, remote Laura, Mary Ann, Brian, Liz<br /> <br /> = Updates =<br /> * Mindmap of our filing system organizational structure: https://coggle.it/diagram/V_hpq3KmfZ8hD7bN<br /> * Laura - was on call w Stephaney. See notes below. Key thing is that she is going to ask if part of the grant for her can be used for a non-profit tax expert to review our trouble accepting the donation because she just can&#039;t believe the situation we are in since she has never heard of it before. Frankly, she didn&#039;t seem to really understand it.<br /> * Appraiser is coming on Tuesday at 2pm<br /> <br /> = Buy the Building =<br /> * GWS &amp; Chiapas wanting to know more about actual future monthly payments &amp; what TIC agreement would look like<br /> * Drawing up some community agreements aka &quot;side letters&quot; etc - in 5 years, could very well be a whole lot of people with very different ideas in their heads<br /> * Sudo becomes &quot;Omni II&quot; and spins off a new nonprofit, &quot;sudo space&quot;<br /> ** Jenny: Much of Omni&#039;s bylaws and policies adopted from sudo, anyway, so easy enough bureaucrativally/policy-wise<br /> * Sudo would need to be making 50% of payments and 50% of income<br /> * Questions that have come up since we made the proposal last week:<br /> ** Is there any advantage to forming an LLC rather than hold property as a TIC? In LLC proposed by Brewster, his nonprofit had almost no benefit from or decision making power over the property, although it put in half that cost.<br /> ** Is there a way to gradually transfer full ownership to the OMni over time?<br /> ** Can Sudo be relegated to being essentially a shell for owning building and a new Sudo be formed to do what sudo does now? (Marc&#039;s idea)<br /> ** HOw to ensure SUdo owernership doesn&#039;t negatively affect the balance of power and community relationships?<br /> ** Can Jesse point us to any other groups that share a building in this way?<br /> <br /> = Action Items =<br /> * Look into Volunteer Legal Services for feedback on our situation [Brian]<br /> * Visit next SELC Legal Cafe for advice [Jenny, you?]<br /> * Look into money back from city business and other taxes<br /> * Laura - ask Jose to run our donation situation by the cpa.- Done<br /> * Marcus - ask the wheelchair lift company to come a give an estimate for lifts down to basement and up to mezzanine. https://www.youtube.com/watch?v=EbwjDHuUSsE<br /> * Start drafting end of year fundraising letter.- Brian agreed to work with MaryAnn on this. There is lots of advice on the interwebs about how to write these letters.<br /> <br /> = Miscellaneous Link Dump = <br /> * Pro Forma: https://docs.google.com/spreadsheets/d/1rvkMc5lmd8PovoViNLdvlrv0tSyvrH7iB0SmGqaFec8/edit#gid=2114142824<br /> * Next SELC Legal Cafe, Oct. 12th at 05:00 PM @ East Bay Community Law Center<br /> <br /> [[Category:Fundraising]]</div>

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