Difference between revisions of "Finances"

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(updated expenses)
(updated with recent numbers, added sudo mesh)
Line 13: Line 13:
  
 
===Insurance===
 
===Insurance===
* Directors & Officers Insurance - $178/mo
+
* Directors & Officers Insurance - $175/mo
* General Liability - $285/mo
+
* General Liability - $277/mo
* Property - $665/mo
+
* Property - $730/mo
  
 
===Other Expenses===
 
===Other Expenses===
Line 26: Line 26:
  
 
===Revenue from Member Collectives===
 
===Revenue from Member Collectives===
* Chiapas Support Committee: $206
+
* Chiapas Support Committee: $218
* Counter Culture Labs: $2120
+
* Counter Culture Labs: $2185
 
* FYE: $350
 
* FYE: $350
 
* Global Women's Strike - Omni Collective: $200
 
* Global Women's Strike - Omni Collective: $200
Line 33: Line 33:
 
* Phat Beets: $625
 
* Phat Beets: $625
 
* Sudo Room: $2000
 
* Sudo Room: $2000
'Total: $5,851/month'
+
* Sudo Mesh: $200 + 5% of any grants received up to $5000
 +
'Total: $6,078/month'
  
 
===Revenue from Other Supporters===
 
===Revenue from Other Supporters===
Line 42: Line 43:
  
 
== Sudo Room (Nov 2013-Nov 2016) > Omni Commons (Nov 2016-Current) ==
 
== Sudo Room (Nov 2013-Nov 2016) > Omni Commons (Nov 2016-Current) ==
 +
* 2019 Profit & Loss: [[File:OC_ProfitAndLoss_2019.pdf]]
 +
* 2019 Balance Sheet: [[File:OC_BalanceSheet_2019.pdf]]
 
* 2018 Profit & Loss: [[File:OC_ProfitAndLoss_2018.pdf]]
 
* 2018 Profit & Loss: [[File:OC_ProfitAndLoss_2018.pdf]]
 
* 2018 Balance Sheet: [[File:OC_BalanceSheet_2018.pdf]]
 
* 2018 Balance Sheet: [[File:OC_BalanceSheet_2018.pdf]]
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== Omni Oakland Commons ==
 
== Omni Oakland Commons ==
 +
* 2019 Profit & Loss: [[File:ProfitAndLoss_2017.pdf]]
 +
* 2019 Balance Sheet: [[File:BalanceSheet_2017.pdf]]
 +
* 2018 Profit & Loss: [[File:ProfitAndLoss_2017.pdf]]
 +
* 2018 Balance Sheet: [[File:BalanceSheet_2017.pdf]]
 
* 2017 Profit & Loss: [[File:ProfitAndLoss_2017.pdf]]
 
* 2017 Profit & Loss: [[File:ProfitAndLoss_2017.pdf]]
 
* 2017 Balance Sheet: [[File:BalanceSheet_2017.pdf]]
 
* 2017 Balance Sheet: [[File:BalanceSheet_2017.pdf]]
Line 63: Line 70:
 
= 990 Tax Forms =
 
= 990 Tax Forms =
 
== Sudo Room (2013-Nov 2016) > Omni Commons (Nov 2016-Present) ==
 
== Sudo Room (2013-Nov 2016) > Omni Commons (Nov 2016-Present) ==
 +
* 2019 Form 990: [[File:OC_2019_990.pdf]]
 
* 2018 Form 990: [[File:OC_2018_990.pdf]]
 
* 2018 Form 990: [[File:OC_2018_990.pdf]]
 
* 2017 Form 990: [[File:OC_2017_990.pdf]]
 
* 2017 Form 990: [[File:OC_2017_990.pdf]]
Line 71: Line 79:
  
 
== Omni Oakland Commons ==
 
== Omni Oakland Commons ==
 +
* 2019 Form 990: [[File:OOC_2019_990.pdf]]
 +
* 2018 Form 990: [[File:OOC_2018_990.pdf]]
 
* 2017 Form 990: [[File:OOC_2017_990.pdf]]
 
* 2017 Form 990: [[File:OOC_2017_990.pdf]]
 
* 2016 Form 990: [[File:OOC_2016_990.pdf]]
 
* 2016 Form 990: [[File:OOC_2016_990.pdf]]
 
* 2015 Form 990: [[File:OOC_2015_990.pdf]]
 
* 2015 Form 990: [[File:OOC_2015_990.pdf]]
 
* 2014 Form 990: [[File:OOC_2014_990.pdf]]
 
* 2014 Form 990: [[File:OOC_2014_990.pdf]]

Revision as of 13:06, 28 May 2020

Financial Information

Current Monthly Expenses

As of fourth quarter 2019, we pay roughly $10,000/month for various expenses. However, these calculations do not include various unexpected costs, such as roof repair, sewer lateral, etc. We are attempting to build a capital reserve fund with a combination of event rental income as well as grants and large donations. Currently, we have an operational reserve fund of approximately $30K.

Mortgage

Starting Jan 1st, 2017 we officially stopped paying rent and started paying off a mortgage loan! Our loan is for $975,000 at 5.5% interest, with a balloon payment due Jan 1st, 2021.

  • $5,365.61 + 5.5% ($312.28) = $5,677.89/mo

Utilities

  • Gas & Electric - ~$1,500/mo
  • Water - ~$350/mo
  • Garbage & Recycling - $916/mo
  • Internet - $152/mo

Insurance

  • Directors & Officers Insurance - $175/mo
  • General Liability - $277/mo
  • Property - $730/mo

Other Expenses

  • Maintenance & Building Supplies - ~$500/mo
  • Independent Contractors: ~$1000/mo

'Total: ~$11,250'

Monthly Income

Revenue from Member Collectives

  • Chiapas Support Committee: $218
  • Counter Culture Labs: $2185
  • FYE: $350
  • Global Women's Strike - Omni Collective: $200
  • Liberated Lens: $300
  • Phat Beets: $625
  • Sudo Room: $2000
  • Sudo Mesh: $200 + 5% of any grants received up to $5000

'Total: $6,078/month'

Revenue from Other Supporters

  • The Commons Working Group works with many different groups and individuals that rent out spaces in the Omni on a sliding-scale basis. On average, space rental generates between $4000-$6000 each month. A fun working group that could always use more volunteers, ping the list to help with event coordination!
  • We are currently researching grants for capital improvement projects, such as building accessibility, kitchen remodeling, and structural improvements. Please drop us a line at fundraising AT omnicommons DOT org if you have any suggestions, or come to a Fundraising Working Group meeting!

Financial Statements

Sudo Room (Nov 2013-Nov 2016) > Omni Commons (Nov 2016-Current)

Omni Oakland Commons

990 Tax Forms

Sudo Room (2013-Nov 2016) > Omni Commons (Nov 2016-Present)

Omni Oakland Commons