Financial Report: 2Q2014

People sometimes ask me ‘where does all the money go’.

Ok, People don’t really ask me that, but I figured I ought to show folk where things do go. The answer is “Rent and Utilities”. I was inspired by the London Hackspace’s “Cost of Hacking” page, and figured I ought to throw one together for us as well. So, here is the Quelab Cost of Hacking.

As you’ll note, we’re still short. We’ve still got a spot of reserve left from our Kickstarter, but we’re burning through it quickly. We have no employees, and none of the directors or officers make a dime off this project. A lot of the expenses after rent and utilities are costs of doing business; Credit Card fees, State and Local incorporation taxes, General and Directors Liability insurance, and the like all eat into our monthly income.

So how do we carry on? Increased Membership and more Workshops. Fifty-three sustaining members and three workshops a month is our break-even point until November, when our rent goes up again. We are on target to have sixty-three sustaining members by then, but we need your help.

Donations of both goods and services or money are gladly welcome. Quelab benefits if you shop at Amazon using our affiliate link, and if we do group orders of hardware from Sparkfun and Adafruit, Quelab gets the difference between the Retail and Wholesale prices.

But how else can you help?

Consider teaching a workshop on something you know. Quelab charges $15 per person for most classes, and the class fees come straight to Quelab.

Conserving energy (raise the thermostats, turn off the lights, coolers, and computers) helps as well, but not as much as telling your friends to come on down!