Board Meeting Notes 2025-05-20: Difference between revisions
From Pumping Station One
Created page with "{{Board Meeting Notes | Previous YYYY-MM-DD= 2025-05-06 | Next YYYY-MM-DD= 2025-06-03 | YYYY=2025 }} Meeting Start: == Attendance == * Board Members ** * Other Members ** == Agenda == * Consent Agenda * Committee Reports * Read mail * Financial/membership report * Review the PayPal and banking transactions * Member leaving reason reports * Check Freshdesk queue * New business * Old business == Minutes == === Discussion on previous minutes === === Consent Agenda..." |
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=== Mail === | === Mail === | ||
*We are one of 111 places not to miss in Chicago. That's cool. No one knows how this happened. We can purchase books to learn more about the other 110 at a 50% discount. | |||
=== Financial Report === | === Financial Report === | ||
* '''Chase Checking:''' | * '''Chase Checking:''' 75,987.72 | ||
* '''Chase Savings:''' | * '''Chase Savings:''' 100,007.63 | ||
* '''PEX:''' | * '''PEX:''' 20,240.51 | ||
* '''PayPal:''' | * '''PayPal:''' 3,801.96 | ||
* '''Building Fund''' | * '''Building Fund''' 135,000 | ||
* '''Contingency Fund''' | * '''Contingency Fund''' 40,000 | ||
**''note that the Building and Contingency funds are within the bank accounts, not separate from them'' | **''note that the Building and Contingency funds are within the bank accounts, not separate from them'' | ||
=== Membership Report === | === Membership Report === | ||
* '''Number of Members:''' | * '''Number of Members:''' 709 | ||
* '''Quorum:''' | * '''Quorum:''' 71 | ||
=== Review the PayPal and banking transactions === | === Review the PayPal and banking transactions === | ||
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=== New Business === | === New Business === | ||
*Tony wants to paint the wall in Electronics (also arts?) | |||
**This is scary because he might be preparing to show the building to other people. | |||
**It's also scary because Peter says it has lead in it. | |||
*Wingate has numbers to share with us | |||
**He has made charts and graphs showing our income and expenses YTD | |||
**To be on track for the building fund we should have net income of 75k YTD, but we only have $49k | |||
**This leads to a lot of discussion as to whether we are on track or not - some people feel we are, and some people feel we are not. | |||
**Carl says that his math says we are fine, because our money in savings can also be put towards buying the building | |||
**Our budget allowed for spending $89k of last years savings this year | |||
**We have spent $39k of our area host budgets (total $130k) | |||
**We all need to sit down and put all of these numbers together, and not have a bunch of conflicting numbers at meetings. | |||
**We will try to tighten our belts and spend like a hackerspace, not like a fancy business. | |||
**This isn't a fire alarm yet, it's a warning | |||
*If we got a grant these budget problems would mostly go away | |||
**Lindsay's grant application we did not receive | |||
**Wingate's grant application is still pending | |||
**Wingate gave some more details on another grant we could apply for. | |||
*We all ramble on about a bunch of ways we could make money. | |||
*The boad goes into a closed session. | |||
=== Old Business === | === Old Business === | ||
*Building fund | *Building fund | ||
**Quotes on roof, windows | **Quotes on roof, windows | ||
== Votes | ***Roofer is still ghosting Ian and not providing quote in a timely fashion | ||
* | ***Ballpark quote is $75k for the roof, $9k for windows, rounding up to $100k to give room for tariffs. | ||
== Votes = | |||
*Board votes to send Eric back to negotiate with Tony and Dan, asking for $100k in concessions. Vote passes. | |||
[[Category:Board_Meetings]] | [[Category:Board_Meetings]] | ||
[[Category:2025 Board Meetings]] | [[Category:2025 Board Meetings]] | ||
