Difference between revisions of "Finances"

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(Committed So Far)
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* [[User:Arcanology | Al Billings]] up to $150/mo and $500 start-up.
* [[User:Arcanology | Al Billings]] up to $150/mo and $500 start-up.
* [[User:Matt | Matt]] up to $100/mo and $500 start-up.
* [[User:Matt | Matt]] up to $100/mo and $500 start-up.
* [[User:Adi | adi]] up to $500/mo for 6 months, $300/mo ongoing, and $1000 start-up.
Total pledged: $300/mo , $2000 start-up
Total pledged: $900/mo, $3000 start-up

Revision as of 10:06, 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) : ??
  • 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: $12050 + ??.

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