Event:2018/01/22 Finance & Fundraising
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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 $$s
- Jenny: Maybe they could have an LLC and a nonprofit conducting trainings, workshops, etc?
- Brian: Wicked Grounds claims to be a 501c3
- Jenny: Maybe they could have an LLC and a nonprofit conducting trainings, workshops, etc?
- Mary Ann: Have they told you they're being supported by someone - getting a grant to do this? Not sure if it's true. . Jose mentioned they may have startup support $$s
- Emailed them about it. They weren't completely opposed.
- 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