This is suuuuuuuuper helpful, Rachael. I had no where
to even begin to think of how much we would gain in
donations and how much we would loose to tools and
things. Excellent.
Jen
--- rachael spiewak rachael@sopobikes.org wrote:
Hi, Jen!
Our numbers for 2007 reflect adding staff and increasing our capacity in the last quarter, and we didn't have a clear budgeting plan until the end of the year, but if it helps: The shop generated around $10,000 with our suggested donations structure. We made $5,000 with our own events and by being a part of community events that generate money for nonprofits. We scored a grant for $5,000. We earned around $500 in here's some money because we like you checks. We started off with almost $2,000.
We spent $3,600 on rent ($300/mo for 600 sq ft...and our space is probably too small). We spent $5,000 on supplies (tools, consumables, shop improvements). We spent $7,500 on administrative things, including $500/wk for one fulltime paid staff person starting in October. We spent almost nothing on events. That's way different this year, but the net total is coming out ahead so far.
Over all, we spent around $16,000 and brought in $21,000, with the bulk of that activity taking place starting off with our shop clean up, and continuing as we increased our shop hours, added staff, sought grants, etc.
The words "shoestring" and "grassroots" come to mind.
-rachael sopo/atlanta
On Thu, Apr 3, 2008 at 10:27 AM, Jennifer Nordhem jen@milehighmess.com wrote:
Jay, We are already in the process of becoming a
501(c)3.
We're at the Articles of Incorporation and By Laws writing stage. I know the questions I asked were lengthy, I'm just a little overwhelmed, which I'm
sure
you can understand.
Jen
--- Jay Varner jay@sopobikes.org wrote:
Hi Jennifer,
I'm glad you've found the wiki and website
useful.
To answer some of your questions - most (if not all) the shops in
the
community that operate on grants and donations are non-profit (501(c)3) organizations. I'm not sure what model you are
going
for. The answers to your questions can be a bit complex. To help
us
help you, I'd suggest giving this a read and figuring out
where
your project fits:
http://www.bikecollectives.org/wiki/index.php?title=Bike_Collective_Starter_...
On Tue, Apr 1, 2008 at 9:00 PM, Jennifer Nordhem jen@milehighmess.com wrote:
Hello everyone, my name is Jennifer Nordhem of
the
soon to be Battlesteed Custom Bike Works in
Denver.
We're currently looking for places to rent
for
our new
shop. I noticed some people say they don't,
which
would just be a miracle that I don't foresee
coming
true.
Here are the questions I have: How much do you pay for rent? About how much money do you receive monthly
from
grants, donations, membership fees, sales,
etc?
How much do you spend monthly on tools, etc?
I want to get a grasp on what kind of
income/outflow
to expect so I can budget how much we can
afford
spending on rent.
Thanks everyone! The website and wiki have
been
extremely helpful so far, I'm really happy to
see
such
a supportive community.
Jen
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