Generator Board Retreat Financial and Program Update
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This document provides a summary of Generator Inc's finances, programs, and upcoming activities for their January 31, 2015 board retreat. It outlines that as of January 2015, Generator Inc had $126,145 cash on hand, a 1% increase from the previous month. It reviews the organization's financial position, burn rate assumptions, and program areas including outreach, education, operations, and member activities. Upcoming activities noted include a Maker day in Montpelier in March and member challenge voting.
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Generator Board Retreat Financial and Program Update
- 1. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 DIRECTOR’S UPDATE Generator Board Retreat January 31, 2015
- 2. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Director’s Update Finances Programs Upcoming Activities
- 3. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Financial Overview
- 4. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Cash on hand, January 2015 $126,145 December 2015 $123,945 Percentage Change +1%
- 5. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Cash on hand, January 2015 $126,145 Outstanding Income, January 2015 $4,500 Income-Expense, December 2014 $87,861 / $23,280 Income-Expense, January 2015 $14,336 / $13,776
- 6. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 0 37500 75000 112500 150000 August September October November December January 2015 Cashflow - August 2014 to January 2015 Income Expense Balance
- 7. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Burn Rate for the Remainder of FY15 Baseline assumptions to June 30 • $50,000 contributions • ~$40,000 earned income • ~$144,000 expenses 47 percent burn by June 30, 2015, or 8 percent per month (~$9,200) ~$50,000 in hand July 1, 2015
- 8. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Programs Overview
- 9. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Program Areas • Outreach * Scope redefined, workplan developed * Budget development - Round 1 $4k to June 30 * Social hours evolving well • Education program * Coordinator hired * Budget development - under way * Outreach under way * Course scheduling under way
- 10. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Operations • Budget development - Round 1 $38k to June 30 • Woodshop - $6k buildout under way • Member sign-in - TBD Finance and Administration • 2015 membership structure, rates implemented • Redesigned web presence launched • New payments gateway underway • Member directory live
- 11. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 BEIJING Upcoming Activities
- 12. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Program Areas • Outreach * UVM MFI Prototyping challenge * Maker day in Montpelier March 19 * Designbook social market • Education program * Hiring, evaluation process in development * Vermont Libraries curriculum support * Vermont Woodworking School course offerings * Search for long-term hire to get under way
- 13. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Operations • Metal shop ventilation assessment (with BCA) • Storage, workbenches, shelving builds • Tool acquisition assessment under way Finance and Administration • Overhaul of QuickBooks being assessed • Hiring processes
- 14. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Member Activities
- 15. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Member Activities • Generator in Residence reviews underway • “Make Time” challenge voting under way • Library project in development • Microelectronics MOOC underway
- 16. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 Matt Hogan Photography
- 17. GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015 ISTANBUL THANK YOU