April 2016 - Board Meeting

Financial update (Bailey)

• Memberships down

  • $108 under break-even by members with utilities ($60/month on average)

  • Churn mostly due to understandable reasons- adding as well

  • We were in the black for quite a while

  • What can we done to add further?

• Raised money from Arduino class

• Pop fund essentially untouched

Landlord relations

• STILL sneaking checks into drop box in the locked tenant entryway

Possible partnership with Gravitate (Tim)

• Gravitate may be moving to 515 28th St.

  • ~12k sq ft, Gravitate does not need all of it

  • Possible to share some common areas

Plan out fundraising

• Crowd funding campaign

  • Goal is $1.5m for tools, building, etc.

  • Laser-cut coasters, etc.

  • Help creating prizes and giveaways for the campaign

  • Coordinate with event at Twisted Vine

  • Use GoFundMe - they take credit card fees for all amounts and 3% if goal is met

• Grants

  • Raise money prior to requesting grants to demonstrate viability

• Fundraising events

  • Beer / Art event with Twisted Vine - June 21 (Tuesday)

    • “Art with a Twist”

    • Need logo that can be screened with one color

    • $15-$25/person for custom glass, 1 beer and food

    • $1000 for 500 glasses - need 6 weeks

    • Set up on Eventbrite, Beer Week, etc. for advance sales

    • Need volunteer coordinator for the overall event

      • People (10) to serve beer, bus tables, front table etc. (Tom)

• Tim to host technical training events?

  • Gravitate or WDM Incubator - i.e. “Test driven development” focused on professional development training

Membership drive

• Sent copy for flyers to Andy, waiting on design work

• Could mine existing list but limited upside

• Need items that can be made relatively inexpensively

  • Ray thinking a word clock

• Events

  • Other people have offered to run kid-targeted events!

    • Tim knows someone who puts on events

    • Have a kit that the kids assemble

  • Offer $5 discount on all classes as membership benefit

  • Kid events haven’t led to conversion but they do keep their kids in line

  • Possibility of becoming involved with SCI Mixology Event

• Member Meeting - April 28

  • Try and get people there

• Vote supporting to full members (if applicable)

• Short financial update/membership

• Garage build out status

• Discuss fundraising plans

  • Crowd funding drive

  • Art/Beer Week event at local brewery