The Generator board meeting summarized the organization's financial status and fundraising efforts for fiscal year 2016. As of November 9th, Generator had $32,652 cash on hand with a monthly burn rate of $11-12k. Fundraising goals included $333,500 for FY16 from known pledged amounts of $190,500 and potential additional funds of $143,000 from sources like company sponsorships, grants, and individual donors. The director also updated the board on programming, new members, upcoming activities, and areas needing attention around administrative functions and growing the paying membership base.

1. GENERATOR INC | BOARD MEETING, November 10, 2015
DIRECTOR’S UPDATE
Generator Board Meeting
November 10, 2015

2. GENERATOR INC | BOARD MEETING, November 10, 2015
Revised FY16 Budget Summary (July 2015)
• $63,218 in hand July 1, 2015
• $128,926 Total Income
• $151,290 Total Expense
• $40,854 Balance YTD*
Cash on hand, November 9, 2015
$32,652
*Discrepancy for Q2*
$8,202

3. GENERATOR INC | BOARD MEETING, November 10, 2015
Cash on hand, November 9, 2015
$32,652
*Discrepancy for Q2*
$8,202
Income-Expense, October 2015
$15,532 / $26,209
Income-Expense, September 2015
$18,385 / $26,642
Burn rate
~ $11-12k/mo

4. GENERATOR INC | BOARD MEETING, November 10, 2015
Cashflow - August 2014 to June 30 2015
0
40000
80000
120000
160000
Aug Oct Dec Feb Apr June August October
Income Expense Balance

5. GENERATOR INC | BOARD MEETING, November 10, 2015
Fundraising Snapshot

6. GENERATOR INC | BOARD MEETING, November 10, 2015
Key Assumptions for 2016
• Aggressive, targeted recruitment eg company
members
• Drive hard to promote Generator as a “platform,”
not “stovepipes” or programs
• Group activities around community, education
entrepreneurship, and BTV proposition
• More research, assessment - data
• New “Sellable” Activities
* Big Maker
* Maker to Market (“Entrepreneur in Residence)
* Maker TA
* Education

7. GENERATOR INC | BOARD MEETING, November 10, 2015
Fundraising to Date
• Outstanding commitments, 2015
~ $39,500
• Requests to go out in 2015
~ $90,500
• Outstanding commitments Q3 2016
~ $60,500
Total grants and contributions
~$190,500

8. GENERATOR INC | BOARD MEETING, November 10, 2015
Additional Fundraising
• Company sponsorships e.g. Merchants
~ $6,000
• Company memberships e.g. Husky
~ $4,500
• Other grants e.g. Kauffman
~ $85,000
• Other income e.g. UVM grant, CCV
~ $47,500
Total other potential income
~$143,000

9. GENERATOR INC | BOARD MEETING, November 10, 2015
Total
• Known fundraising
~ $190,500
• Potential fundraising
~ $143,000
Total FY16
~$333,500

10. GENERATOR INC | BOARD MEETING, November 10, 2015
Known Fundraising Potential Fundraising
Foundation Support
Bay Paul Foundation, $6,000
Argosy Foundation, $50,000
Building and General Services
Administration, $40,000
Foundation Support
Vermont Community Foundation, $10,000
Vermont Womens Fund, $10,000
Kauffman Foundation, $65,000
Parter support
Champlain College, $4,000
University of Vermont, $2,500
Parter support
Community College of Vermont, $20,000
City of Burlington, Program Grant, $5,000
Individual giving
Metz Family Foundation, $50,000
Stiller Family Foundation, $25,000
Individual giving
Stern, $2,500
Robins, $10,000
Serendipity Fund, $10,000
Company support
Physicians Computer, $6,000
Northfield Savings Bank, $4,500
Burlington Telecom, $2,500
Company support
Husky, $6,000
Merchants Bank, $4,500
Total
$190,500
Total
$143,000

11. GENERATOR INC | BOARD MEETING, November 10, 2015
ACTIVITY UPDATE

12. GENERATOR INC | BOARD MEETING, November 10, 2015
Program, Activity Report
• Education: program is working; modest
expansion in focus; new committee members
• Shops: certifications working, CNC coming
online, safety regime working, clean and safe
• Membership: Growing upward of 154; more
work to increase share of $65 members
• Outreach: Strong, “Idea Box” in place, signs
under creation, web presence solid, BIG Maker
well-received, good Pitch It, Fab It! line up
• Member retail activity ramping up for the
holiday ie at Generator and BCA market

13. GENERATOR INC | BOARD MEETING, November 10, 2015
Highlights
• New studio member Christine Braun doubling
studio size, expanding kids/robotics offering
• Two new makers in residence selected, Devin
Wilder (accoustics), Athena K (puppetry)
• Next BIG Maker selected, Paolo Pedercini
(games and complex systems; molleindustria.org;)
• Volunteer meeting had highest attendance yet (14)
with excellent engagement, ownership
• Reconciled.it on board with support to
entrepreneur in residence program
• M//E Design to present Generator at Urban
Manufacturing Alliance in NYC this weekend

14. GENERATOR INC | BOARD MEETING, November 10, 2015
Pain points
• Finding “quiet time” for grant-writing, partner
outreach etc. attributable to high level of program
support e.g. events
• Events - low independence around outreach,
coordination, funding
• Admin - syncing member system with accounting
• Membership - growing paying base
• Program development - focus and momentum

15. GENERATOR INC | BOARD MEETING, November 10, 2015
Upcoming activities
• BIG Maker 11/12
• Accounting controls push 11/14
• Pitch It, Fab It! 11/20
• Holiday party 12/4
• Holiday market 12/12
• Holiday classes e.g. laser cut package design
• Grant writing - 3 proposals out by 12/1

16. GENERATOR INC | BOARD MEETING, November 10, 2015
THANK YOU