Finances

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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 : $5925 at $1975/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: $14475 + ??.

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, insurance split over a year, ISP (water paid for by landlord)
  • $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

Actual collected money (cash and checks) as of 12:50 9/30/08:

  • $100 - David Fine (cash)
  • $200 - Brian Ferrell (cash)
  • $100 - Jesse Zbikouski (cash)
  • $500 - Andy Isaacson (check)
  • $1000 - Rachel McConnell (check)
  • $50 - Audrey Penven (check)
  • $1000 - Jacob Appelbaum (cash)
  • $1000 - David Molnar (check)
  • $1000 - Al Billings (check)
  • $100 - John Magolske (cash)
  • $600 - Grey David (cash)
  • $800 - Anonymous (cash - small unmarked bills)
  • $500 - Greg Albrecht (cash)
  • $500 - Matt Peterson (paypal - currently transferring)
  • $50 - Benessa Defend (paypal - currently transferring)
  • $500 - mindwarp (cash)
  • $200 - Ed Hunsinger (paypal - currently transferring)
  • $20 - Reid Kennedy (paypal - currently transferring)
  • $500 - Shannon Lee
  • $1000 - Mitch Altman
  • $100 - Arram Sabeti (Cash)
  • $100 - Anon (Check)
  • $60 - Seth Schoen (Cash)
  • $100 - Michael Kan (Cash)
  • $40 - Shannon Clark (Cash)
  • $400 - Luiz Eduardo (paypal - currently transferring)
  • $80 - Justin 'J' Lynn - (Cash)
  • $500 - Bill Paul (check)
  • $50 - Daniela, (paypal - currently transferring)
  • $100 - Daniel Garcia, (paypal - currently transferring)

Current total in the bank (assuming all checks clear): $11,200

Pledges as of 6pm on 9/26/08:

  • $500 - Nate Lawson
  • $500 - Andy Isaacson
  • $200 - monochrom

Total promised but not delivered: $1200

Total pledged + delivered: $12,400


We previously had the following pledges (some partially fulfilled, edit as needed):




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?).

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