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TinkerMill: The Longmont Makerspace Message Board › Time to talk costs

Time to talk costs

Scott C.
scottconverse
Longmont, CO
OK.. rubber meets the road folks.
The Mall is ready to lease us the 3000SF space.  The insurance guys are willing to insure us.
The costs:

$500 Mo. 'rent'
$500 deposit
$700 (approx) annual insurance cost (must be paid for the full year).
So, $1700.00 to get this space going.
That's about equal to what we saw people say they'd be willing to put in as founding members.  So, that's goodness.
The downside:  It's also about equal to the cost of applying for a 501(c)3 ($1800).
So, we can do one, or the other, but not both.  That, or we can commit to putting up more founding member money.
Most hackerspace require a minimum amount to be a founding member (usually $300, some more, some less..but that's the average).  I was hoping we'd get 10 people to throw down that much.  We're not really close to that.
So, should we go ahead with the space, the 501(c)3 or ask for more money?

We'll have a bank account later today.  If we want to go ahead with the space, we'll need checks starting next Tuesday.
Let's discuss it here:  https://groups.google.com/forum/#!topic/longmonthackerspace/y6eF-AAifV4­
Scott
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