Event:2019/09/23 Finance

Finance/Fundraising Meeting - 23 September 2019

• URL of this pad: https://peoplesopen.net/pad/p/omnifinance
• Trello Boards: https://trello.com/ocmoney
• Fiscal Policies & Procedures: https://drive.google.com/open?id=1QiQeCfD1AwaSy4R5gch67bSdSmgirZ0GZxj8vcFo5XE

Updates

• Yar met with a roofer today - unfortunately the area above disco room needs repair in the range of $10K ($7/sqft)
  • He estimated 7 years before we'd start seeing serious leaks
• Yar getting another quote at the end of the week for solar
  • will set up a meeting at People-Powered Solar Coop (ofice at SELC)

Kitchen Fundraising

• Ways to raise money:
  • Get more collectives and renters paying us regulalrly
  • Crowdfunding
    • Promote regular small donations to general fund on Patreon that we can use for whatever
    • Have a more enticing and promoted donor portal on the website
    • For next phase of crowdfunding campsing we should have significant progress to show what we did with funds form the first round.Without that people will be reluctant to give.
  • Grants for capital improvements are rare. One potential way around this is to write grants for youth food justice project that needs a kitchen. I sent a grant like this to PB and offered to help write it over a year ago but they didn't follow up. I can try to find this again.
  • Include extra money for major capital improvements in the refinance. In addtion to the ktichen, the building needs alot of other crucial work. By borrowing an extra 250-300,000 we could take care of a lot of them.

donation portal inspiration

• https://opencollective.com/ - open source project
• https://guifi.net/budgets/3671/list/Open - multiple budgets/progress bars

990s and state tax forms

• Due 11/15
• Ready to start since books are balanced

Action Items

• Intro Crystal and Laura (yar) - People Powered Solar rep
• Set up free trial of Booked - Laura
• Tee up 990s - Jenny - find a good day to hack on them together