Difference between revisions of "Finance"

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==Summary==
Sudo Room’s income is collected through a Stripe API implemented through a custom web application called Sudo-Humans ([https://github.com/sudoroom/sudo-humans|GitHub link]). This money passes into a bank account held by Omni Commons and banked with the Unified Financial Credit Union. Sudo Room’s obligations to Omni Commons are $2000. This obligation is transferred on a monthly basis by one of the members of the Omni Commons Finance working group.
We share an EIN with Omni Commons: 46-4109670. For more on Omni Commons finances, review summaries and disclosures on [https://www.guidestar.org/profile/46-4109670 Guide Star].
== Finance Working Group ==
Sudo Room's finances are managed by the Sudo Room finance working group and the OmniCcommons [https://omnicommons.org/wiki/Finances_Working_Group finance working group]. The Sudo Room fiance working group can be reached by emailing finances@sudoroom.org.
==One way to view monthly finances==
==One way to view monthly finances==
[[File:Sudo-fund.jpg|500px|right|finance cycle infographic]]
[[File:Sudo-fund.jpg|500px|right|finance cycle infographic]]
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##fund projects
##fund projects
##x_1, x_2, x_3 %'s split into remaining funds
##x_1, x_2, x_3 %'s split into remaining funds
==See also==
*[[Tax history]]

Latest revision as of 22:09, 8 February 2023

Summary

Sudo Room’s income is collected through a Stripe API implemented through a custom web application called Sudo-Humans (link). This money passes into a bank account held by Omni Commons and banked with the Unified Financial Credit Union. Sudo Room’s obligations to Omni Commons are $2000. This obligation is transferred on a monthly basis by one of the members of the Omni Commons Finance working group.

We share an EIN with Omni Commons: 46-4109670. For more on Omni Commons finances, review summaries and disclosures on Guide Star.


Finance Working Group

Sudo Room's finances are managed by the Sudo Room finance working group and the OmniCcommons finance working group. The Sudo Room fiance working group can be reached by emailing finances@sudoroom.org.

One way to view monthly finances

finance cycle infographic
  • Revenues
    • recurring
      • member dues
      • community donations
    • one time
      • grants
      • events
    • programs (ongoing)
      • sudomate
      • subiir
      • lockers
      • mesh
    • projects (has an end)
      • sudouino
      • tshirts
  • Expenses
    • Fixed
      • rent
      • utils
      • internet
      • garbage
    • Variable
      • permits and legal
      • event support
    • Internal granting
      • Programs (ongoing)
      • Projects
  • Funds
    • Rainy day
    • Operations (month to month variable costs)
    • Maintenance (capital improvements)
    • Investments

Procedure

  1. Monthly Procedure
    1. Total revenue subtract fixed costs
    2. If operations not full, top it off.
    3. x_0 % to rainy day
    4. fund programs
    5. fund projects
    6. x_1, x_2, x_3 %'s split into remaining funds

See also