# Difference between revisions of "Finances"

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* Move-in cost for space (assume 3x month's rent) : $6000 assuming $2000/mo rent | * Move-in cost for space (assume 3x month's rent) : $6000 assuming $2000/mo rent | ||

* Three months' rent reserve : $6000 assuming $2000/mo rent | * Three months' rent reserve : $6000 assuming $2000/mo rent | ||

− | * Cost of incorporation as non-profit/LLC/whatever (if we do that) : | + | * Cost of incorporation as non-profit/LLC/whatever (if we do that) : $444 |

+ | - The Company Corporation quotes $444 for their "complete" package for a California nonprofit, use that for now | ||

* Initial insurance cost : ?? | * Initial insurance cost : ?? | ||

* Initial cost for drinks to sell : ?? (May be zero due to Club Mate donations?) | * Initial cost for drinks to sell : ?? (May be zero due to Club Mate donations?) | ||

Line 12: | Line 13: | ||

* Initial equipment costs (not including donations) : ?? | * Initial equipment costs (not including donations) : ?? | ||

− | Estimate so far for start-up cost: $ | + | Estimate so far for start-up cost: $12494 + ??. |

[[DavidMolnar]] ideally would like to see 2x whatever this estimated number is as | [[DavidMolnar]] ideally would like to see 2x whatever this estimated number is as |

## Revision as of 10:29, 22 January 2008

### Start-Up Costs

This section is for estimates of start-up costs. Story so far:

- Move-in cost for space (assume 3x month's rent) : $6000 assuming $2000/mo rent
- Three months' rent reserve : $6000 assuming $2000/mo rent
- Cost of incorporation as non-profit/LLC/whatever (if we do that) : $444

- The Company Corporation quotes $444 for their "complete" package for a California nonprofit, use that for now

- Initial insurance cost : ??
- Initial cost for drinks to sell : ?? (May be zero due to Club Mate donations?)
- Initial cost for space improvements, making keys, etc. : ??
- Noisebridge Costco card (if desired vs. some members buying on their own) : $50
- Initial equipment costs (not including donations) : ??

Estimate so far for start-up cost: $12494 + ??.

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

### Monthly Expenses and Dues

SWAG at monthly expenses:

- $2k rent (nets ~1k sq ft)
- $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$

**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.

**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. --Enki 12:33, 18 January 2008 (PST)

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:

- DavidMolnar up to $150/mo and $1500 start-up
- Al Billings up to $150/mo and $500 start-up.
- Matt up to $100/mo and $500 start-up.
- adi up to $500/mo for 6 months, $300/mo ongoing, and $1000 start-up.

Total pledged: $900/mo, $3000 start-up