Event:2016/07/11 Fundraising

Omni Fundraising Meeting - 11 July 2016

Attendees

Laura, Jose, Marcus, Brian, Matt, Kambiz, Austin, Jenny

Updates

• RVC fiscal sponsorship finalized but not entered into book, need to add to QB
• Insurance: State Farm policy renewed for the 3rd quarter. Talked to John Tenuto and Danielle about brokering a new policy for us, inc building ownership. They want to see the original state farm application. Our SF agent finds it hard to do more than 1 thing at a time so Jenny waited until after insurance renewed until asking them for initial application.
• Western Fed account is reconciled, Bank of the West still has some reconciling to do. Ready to send to tax person.
• Subleases and fiscal sponsorship agreements: sublease for Agua Viva, Global Communications (new member) needs to decide membership structure, Jenny needs to sign ABDC FS agreement. Signed.
• Jenny sent another reminder to Stephaney to set up meeting 2 hours.
• Liberated lens wants to buy one of the copiers. Say they need to raise money. Have $4000 in the bank.
• GWS might be interested in opening a sub account.
• Marc got a Kill-a-wat. Phat Beets fridge averages about $38/month. Max said they might be willing to contribute $75 for utilities. Planning to buy LEDs for ballroom chandeliers.
  • Matt: There is a minimum constant draw that they couldn't figure out what it is.
• Laura cutting back after August 21st

Finances

• July rent and expenses paid, save this month's PG&E bill (~$1000). We have about $3500 in the account.
  • We have another community member willing to loan money next month.
• Need to do taxes - what to send?

Loan Application

• Pro Formas need to be finished
• Letters of recommendation?

Buy the Building

• I've continued to do research on other methods to buy the building, one method I'm researching in Tenancy in Common. Check out the doc https://docs.google.com/document/d/1Ti9drWLiN4jMeaDixG2mvpSwbZKYfPz7v4yWHQk8tYI/edit very interested in other people's perspective on this.

Action Items

• Send P&Ls, Balance Sheets to tax prepper: Jose will work with CPA friend to make sure balance sheet is ready.
• Need to make website IRS-ready - remove link to wiki, add link to booking form
• Matt, Kambiz, Austin, Marcus are going to work on an OMni garage sale for the 1st weekend of August
• Jenny will send out sublease agreements for Agua Viva.
• Jenny and Laura will talk to Almaz about details of the GCS/YES FS or tenancy.
• Laura will update craigslist ad for copiers. Talk to Lib Lens about buying
• Keep on PhatBeets to move stuff. IF we have to take their stuff to the dump we wil bill them for the disposal fee. Give a deadline of the 1st weekend of August.r
• Set meeting with Stephaney