Generator Board Update, Nov 11, 2015
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Director’s Update Generator Board Meeting November 11, 2014 Wednesday, November 12, 2014
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Update to Generator's board of directors from the Executive Director. Covers basic financial picture, pain points, and key priorities.
Transcript of Generator Board Update, Nov 11, 2015
Director’s UpdateGenerator Board Meeting
November 11, 2014
Wednesday, November 12, 2014
Financial PositionJuly 1 to October 30, 2014
• Income - $135,926
• Expenses - $54,046
• Net - $81,879
November 11, 2014
Wednesday, November 12, 2014
Income$135,926
$126,755
$8,392
$777
November 11, 2014
Wednesday, November 12, 2014
Expense$54,046
$34,246
$4,252
$408
$16,845
$1,617
November 11, 2014
Wednesday, November 12, 2014
November 11, 2014
Cost AllocationFY15 Q2, Q3, Q4
Q2
Q3
Q4
0 22500 45000 67500 90000
Marketing Facility Events Operating Personnel
Wednesday, November 12, 2014
November 11, 2014
Income-Expense FY15(Projected Q2, Q3, Q4)
Income TOTAL
Earned IncomePhilanthropy
Partnerships
Total Income
$100,035$160,000
$7,500
$275,035
Expense TOTAL
MarketingFacility
Events
Operating
Personnel
Total Expense
$4,500$41,875
$1,500
$13,000
$159,179
$220,054
Wednesday, November 12, 2014
November 11, 2014
Working Well• Committed, energetic team
• Solid day to day operations, habits
• Strong leadership engagement
• Busy, engaged and talented members
• Basic systems online, brought farther along
• Positive external relations, partners
• Steady flow of interest
• Strong cash position
• Brand credibility
Wednesday, November 12, 2014
November 11, 2014
Working Less Well• High cash burn rate
• Skills gaps, leadership drift
• Sclerotic back-end workflows
• NPO vs entrepreneurial culture
• Activating university partnerships
• Member ownership vs business accountability
• Pricing and volunteer hours
• Slow partnership activation
• Weak marketing mechanisms
Wednesday, November 12, 2014
November 11, 2014
Priority AssessmentVision and Mission
MAKERS
BUSINESSCOMMUNITY
COMMUNITYAT-LARGE
Provide tools,programming, andevents reward, engage,and motivate.
Provide services and serviceopportunities that meet theneeds of the businesscommunity.
Provide educationaland inspirationalprograms.
Wednesday, November 12, 2014
November 11, 2014
DeliverablesDecember 31, 2014
• On-site key card access system
• Expanded 24/7 open hours
• Integrated administrative workflow
• Expanded Metal and Wood Shops
• Education Program We Can Sell- Clarity with partners eg BCA- Program coordinator
• Upgraded website with opt-in directory
• Marketing and Outreach Plans
Wednesday, November 12, 2014
