So, yearly fundraising campaign?
On Wed, Mar 26, 2014 at 10:19 AM, Benjamin Bergman <[email protected]>wrote: > Hello SkullSpacers, > > Attached to this email is the information which I presented at our > last meeting regarding the previous year's financial status. When we > moved into our new space in November of 2012, we knew that we would > see a net loss over the next year or so due to the large jump in rent. > In the short term, the plan was to smooth this out a bit with some > members donating regularly above and beyond their regular dues. The > long term plan was to increase our membership and events until we > eventually were covering our costs again. > > As you'll see from our income statement, we had a net loss for the > year. It was probably a bit higher than expected, likely due to a > sudden, unexpected Hydro bill as well as fewer regular pledged > donations than were expected. > > You will also see attached is a cash flow projection for the next > year. This projection assumes we do the exact same thing as last year > (ie. same amount of fundraisers with the same costs and profits, same > rent and utilities, same maintenance expenses, etc.), just smoothed > out throughout the year. The only exceptions to this are our dues and > insurance. > > In the projection, our insurance cost is spread out over 12 months > starting in June, meaning it will continue to eat into next year's > budget as well. Last year we paid our insurance all at once at about > $2000 in June, but this year we will need to spread it out in order to > avoid going into the red mid June. > > The dues in the projection are based on today's member count (roughly > 65 members) as opposed to the average of dues from last year. There > has been a great trend recently of new members seemingly every week, > so hopefully that continues throughout the year. > > As you will notice, the projection shows our bank balance going below > $0 before the next AGM. As such, we need to take some actions to > improve our cash flow. Some of our current suggestions are: > > * More socials - perhaps two or more this year instead of just one > like last year > > * Gift card fund raiser - you all buy groceries and gas anyway, right? > 3% could go to SkullSpace! > > * Recurring donation pledges - if you are not currently giving a > regular donation or would like to increase your monthly donation > amount, please talk to a board member > > * Raising member dues - this is a last resort option and we will only > do this after thorough discussion with the membership > > PLEASE consider giving a regular donation and updating your PAD. If > everyone gave an extra $5 or $10 per month, most of our financial > struggle would be over. (Thank you to those members who are already > regularly doing this.) > > At SkullSpace 1.0, our financial mandate was to maintain three months > of expenses in our bank account to cover any unforeseen expenses. As a > short term goal, I would like to see us regularly having a net profit > each month instead of a loss, but by the end of the year I hope we can > replenish a portion of our emergency fund so we can have a strong > financial base to enable us all to engage in awesome projects and > events through the space long into the future. > > _______________________________________________ > SkullSpace Discuss Mailing List > Help: http://www.skullspace.ca/wiki/index.php/Mailing_List#Discuss > Archive: https://groups.google.com/group/skullspace-discuss-archive/ >
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