Event:2016/06/20 Fundraising

Omni Fundraising Meeting - 20 June 2016

Attendees

• remote-jenny, Laura, Maryann, Brian, Gwen, remote-matt

Updates

Finances

• Omni:
  • Currently $3,740.71 in the bank including CCL's july payments
  • Last month's PG&E bill was $997 - Marc & Patrik are ordering LED chandelier bulbs. Someone should talk to Max C about the Phat Beets fridge. Marc ordered a power monitor so we can see how much it has been slurping and charge them accordingly. Also need to look into PG&E rebates!
  • Laura will loan $5000 this month
  • Big insurance bill upcoming July 1st - Jenny wrote to Kelly from State Farm today about a new policy that incorporates the fiscally-sponsored projects. Fingers crossed that the underwriters will approve it! Also going to talk to Eastman (which insures GWS and Birdhouse) and Traci from D&G (on telegraph, supplies our Directors & Officers insurance)
• Member Collectives:
  • Sudo is broke and falling behind on rent.
  • Birdhouse has not been paying utilities additions to invoices and is also hurting for money.
  • Niki is going to pull out all the BAPS funds on Friday and deposit to Omni (should be a good chunk of money)
  • LibLens is brainstorming on fundraising schemes, we'll revisit the possible increase of their contribution to $350 on July 7th Delegates Meeting

1023 & Taxes

• Two things remaining: finalizing the numbers and the Real Vegan Cheese fiscal sponsorship agreement
• Jenny re-reconciled all bank statements month by month from April 2014 - April 2016. Currently dealing with the mess that is April & May 2016 (Matt G leaving, Jenny learning, Jose joining... lots of mobile deposits, need to remember to take photos of checks) - still a ~$4K discrepency.
• RVC is meeting this evening to discuss updated fiscal sponsorship agreement, in which RVC collapses the organization and becomes a Project of Omni. We incorporate their $37,369 raised in 2014 into our books and taxes. Requesting 5% administrative fee, or $1868 which would help tremendously right about now.

Loan App

• Stephaney has sent us a Scope of Work at $122.50/hr, or $3675 for an initial 30 hours of work to help us get "loan-ready". This is in *addition* to a 1.5-2% fee of the loan acquisition if they help us with the acquisition phase. Need to discuss and consent on this as a working group.
  • Jenny: This is out of our budget (which is currently nonexistent), but she has also offered to pursue grant funds for this amount. Maybe we move forward contingent on acquiring a grant, and keep working on the app in the interim to reduce the # of hours she will spend on us?
  • What does "loan acquisition" mean, exactly? Total purchase price?
  • We really need to get grant to fund Stephaney. She and Joanne have said that they usually get grants to fund these services.
  • Unclear if she wants total for 30 hours up front or will bill or will take a smaller amount to get started.
  • Stephany asks for this information to apply for grant: "Please provide a tenant list of who pays rent. Please differentiate between tenants who have their main offices at the OMNI and which are satellite offices (for example is Food Not Bombs HQ at OMNI, or just extra space?). Include how much they pay and how long they have been at the OMNI. Also please advise if any of the member of the collective have a sublease with the OMNI?
  • 1.5-2% of the loan acquisition makes me feel gross. Just like how they partnered with chase manhattan... uff. At least I'm learning that morally speaking, this route of funding is a dead-end of bankruptcy :( -- but it doesn't seem like we have many alternatives.
    • https://www.youtube.com/watch?v=B3eAMGXFw1o
  • Spreadsheet started here: https://docs.google.com/spreadsheets/d/14PboP38lpruHiPL4nHFRbARcRIvHwlJ1ZKT7VWiVkfM/edit?usp=sharing
• Next NCCLF workshop is Wednesday. Who will attend: Laura, Maryann, prob Jenny

Website Re-Design

• Preliminary restructure is available at https://omnicommons.org/blog
  • Implementing possible new calendar as we speak: http://www.e-dynamics.be/wordpress/
    • I think this calendar is exactly what we want. It does everything we need so far.
    • Takes payments for events -- including with stripe integration (and many other options)

Action Items

• Finalize RVC fiscal sponsorship, transfer funds, and add to the books [Jenny/Marc]- in progress
• Figure out insurance for July 1st [Jenny/DK/Jesse, you?] Maryann will talk to her son. - Mary Ann, you should use the verbage i sent to Kelly today re: description of our activities. Need to figure out how insurance works w/ fiscally-sponsored projects. Mary ann asks yout o email her with it directly. She has probs w google docs. NP! 7/23 Agent contacted. Will have phone call soon
• Finish April & May 2016 accounting [Jenny]
• Update 1023 numbers & send [Jenny/Jesse]
• Send tax info to tax prepper [Laura/Jenny]
• Get all subleases & fiscal sponsorship agreements finished and signed [Laura/Jenny]
• Talk to Max C re: Phat Beets fridge & request payment of utilities invoices [Laura]
• Replace chandelier bulbs [Marc/Patrik/Robb]
• Reply to Stephany with requested information, ask about payment options - Laura, Jenny
• Event/Space rental brochure [originally jenny/niki, but maybe someone else can take over?]
• Check PGE rebates, look into rate options [matt/marc]
• Sell donated copiers [Laura] - no response, will lower price (done)
• Hustle for July rent (CCL is the only group that's paid so far - requested deadline June 24th) [Jenny, you?]
• Review that all collectives are being correctly invoiced for rent and monthly expenses (jose).
• Maryann will contact Paul Chen from La Pena to get his input on running events