Finances

From Noisebridge
(Difference between revisions)
Jump to: navigation, search
(Start-Up Costs)
(Monthly Expenses and Dues)
Line 25: Line 25:
 
=== Monthly Expenses and Dues ===
 
=== Monthly Expenses and Dues ===
  
SWAG at monthly expenses:
+
Monthly expenses:
  
* $2k rent (nets ~1k sq ft)
+
* $1975 rent  
 
* $300 utilities (I'm TOTALLY making this up just to have a number, not even sure what all I mean it to include)
 
* $300 utilities (I'm TOTALLY making this up just to have a number, not even sure what all I mean it to include)
 
** PG&E, Water? (shared w/ NoStarch?), trash/recycling, insurance split over a year, ISP (I recommend sonic.net)
 
** PG&E, Water? (shared w/ NoStarch?), trash/recycling, insurance split over a year, ISP (I recommend sonic.net)
Line 35: Line 35:
 
Expected Revenue from selling drinks: ? (Next number tells us what this is ; )
 
Expected Revenue from selling drinks: ? (Next number tells us what this is ; )
 
Expected Profit from selling drinks: ~300-800$
 
Expected Profit from selling drinks: ~300-800$
 
'''Q.''' (by [[DavidMolnar]] editing w/o logged in): Is this realistic? metalab clears this much, but assuming we can come out of the gate and obtain the same revenue seems optimistic.<br/>
 
'''A.''' Yeah, 300$ is very realistic - that's like 8 drinks per day sold at a $1.2 profit. Our initial calculations were without drinks too because we didn't believe it. But we had huge sales really quickly. People tend to drink a lot while hanging around at a Hacker Space. --[[User:Enki|Enki]] 12:33, 18 January 2008 (PST)
 
  
 
total $2100
 
total $2100

Revision as of 13:43, 27 September 2008

Contents

Start-Up Costs

This section is for start-up costs (known or estimated). Story so far:

  • Move-in cost for space : $4000
  • Three months' rent reserve : $6000 at $2000/mo rent
  • Cost of incorporation as non-profit + 501c3 app : $2000
  • Initial insurance cost : $500 - $2500 per year
  • Initial cost for drinks to sell : ??
  • Initial cost for space improvements, making keys, etc. : ??
  • Noisebridge business Costco card : $50
  • Initial equipment costs : ??

Estimate so far for start-up cost: $14550 + ??.

DavidMolnar ideally would like to see 2x whatever this estimated number is as starting capital, but that may be overkill.



Potential Income

Monthly Expenses and Dues

Monthly expenses:

  • $1975 rent
  • $300 utilities (I'm TOTALLY making this up just to have a number, not even sure what all I mean it to include)
    • PG&E, Water? (shared w/ NoStarch?), trash/recycling, insurance split over a year, ISP (I recommend sonic.net)
  • $100 misc (toilet paper, juice, resistors)

Expected Costs for buying drinks: ? (Check CostCo prices) Expected Revenue from selling drinks: ? (Next number tells us what this is ; ) Expected Profit from selling drinks: ~300-800$

total $2100

number of members monthly dues
10 $210
20 $105
40 $52
60 $35
80 $30
100 $21



Committed So Far

We have collected the following money:

  • $221 at meeting, held by Mitch Altman

Total in hand: $221

We have the following pledges:

Total pledged: $2220/mo, $7150 start-up



Opening a Bank Account

Once we incorporate, we will open a bank account.

Anyone interested in making bank recommendations, please contact your favorite bank(s), and add you info about the bank on this page: Bank Choices. We will choose a bank from these recommendations (at the next meeting?).

Personal tools