Generator Board Update, December 16, 2014
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Transcript of Generator Board Update, December 16, 2014
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Generator Board MeetingDecember 16, 2014
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Director’s Update
FinancesProgramsOperationsAdministration
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Financial Overview
NE
W Y
OR
K C
ITY
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Cash on hand, December 2014$123,943
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Cash on hand, December 2014$123,943
Outstanding Income, December 2014$32,000
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Cash on hand, December 2014$123,943
Outstanding Income, December 2014$32,000
Income-Expense, November 2014$32,727 / $36,655
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Cash on hand, December 2014$123,943
Outstanding Income, December 2014$32,000
Cash Position at the Start of 2015$115,000
Income-Expense, November 2014$32,727 / $36,655
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
0
37500
75000
112500
150000
August September October November December
Cashflow - August to December 2014
Income Expense Balance
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Burn Rate for the Remainder of FY15Baseline assumptions to June 30• $50,000 contributions• ~$40,000 earned income• ~$144,000 expenses47 percent burn by June 30, 2015, or8 percent per month (~$9,200)
~$50,000 in hand July 1, 2015
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Programs Overview
OS
LO
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
WHO WE SERVEVision and Mission
MAKERS
BUSINESSCOMMUNITY
COMMUNITYAT-LARGE
Provide tools,programming, andevents that reward, engage,and motivate.
Provide services and serviceopportunities that meet theneeds of the businesscommunity.
Provide educationaland inspirationalprograms.
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
ProgrammingSeveral redesigned efforts under way• Outreach program• Education program• Volunteer program
* Social hours* Maker in residence* Design-build challenges
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Operations Overview
BE
IJIN
G
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
OperationsA few areas under redesign• Woodshop• Member sign-in• Work space
* More “maker markets”* Additional equipment - Proto-prototyping 3D printer - Second laser cutter - Plasma cutter
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Administration and Finance Overview
NA
IRO
BI
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
Finance and AdministrationA few areas under redesign• Membership structure, rates• Back-end administration• Communications
* MemberFindMe* PayPal Reboot* WordPress Reboot* SalesForce
GENERATOR INC | BOARD MEETING | DECEMBER 16, 2014
ISTA
NB
UL
THANK YOU