Finance/Fundraising Meeting - 22 Jan 2018

Attendees

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

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.

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

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