[Noisebridge-discuss] Noisebridge: Death and Taxes
miloh
froggytoad at gmail.com
Tue Dec 21 20:58:24 UTC 2010
I take the blame for starting to throw out the $5k figure for
Noisebridge monthly expenses. I tried to find every last thing that
was a necessary expense in previous years, which includes amortizing
some annual costs to monthly expenses.
> I... monthly expenses for January.
> AFAIK those consist of
> - rent ($3600)
> - trash ($120 or something? I vaguely remember seeing a bill at some
> point.)
> - PG&E (variable, as high as $750)
> - DSL ($100 IIRC)
Water, Insurance, Tax CPA, Possible legal,
I divided by 12 and rounded up to get high average estimates for the
following monthly costs (changes are minimal at current rates anyways)
Water is bimonthly amortized and currently averaging ~$100
Insurance is once a year, and cost an est. avg ~$200/month
Tax Accountant cost: I think it is about ~$500* + some filing fees
which I'm rounding up to ~$50/month to account for overages
*note, we had a discount given to us last year due to delays but as a
rule of thumb I believe $500 is what we could paying a CPA for annual
taxes
Legal costs: we currently don't have legal costs but I know they were
significant back when the 501c3 was being formed, circa 2009. Is
there any reason to expect to incur legal costs?
Total: 3600+120+750+100+100+200+50= $4920
Note that using these rough estimates as monthly costs, if the
Noisebridge community brings in an average $5k a month, it will 15
years to save up the $15k backup fund from scratch. That's too long
to wait for the 3 month operating cost backup savings to get funded.
What we really need is a fund drive to get 15k in the bank ASAP, as
well as to develop practices that generate $5k monthly from the
Noisebridge user and member community for basic expenses.
-rma
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