[sudo-discuss] Stripe Subscriptions

[Jenny Ryan]

Replies inline below:

On Sun, Jan 14, 2018 at 1:22 PM, Kyle Mitchell <kyle at kemitchell.com> wrote:

> Following on from the finances discussion during last week's meeting...
>
> On manual review of our Stripe account, I see 36 monthly recurring dues
> subscriptions through sudo-humans for a total of $1,290 per month.
>

And yet there are also ~100 accounts that are not listed as paying
anything. I've sent an email to those members asking them to set up
recurring donations. Some of them pay via cash or PayPal, but only a
handful.


> There were a handful of accounts with failing transactions.  (This tends
> to happen when a card expires or a number changes.)  However, those
> accounts probably add up to <$100 per month altogether.
>

This is good info, thank you for doing these calculations! However, if all
of the accounts I just emailed contributed even $10/month ($30 is
recommended), then we'd be solid and even putting $200 each month into
savings for future space improvements, tools and equipment. If they
contributed $30/month,  we'd generate more than $2K monthly and could build
a second floor by the end of the year!


> If we expect, say, $1,200 per month actually paid, and our sole bill is
> to Omni, for $2,000, we are running an $800 shortfall. $800 over 30
> people is $27 per. $800 over 15 people is $54 per.
>

We technically have just three bills - Omni ($2000/mo), Digital Ocean
($15/mo) and Gandi.net (?/yr)

>
> I've just updated my plan accordingly.
>
> Rad! Thank you! and evidently my card was bouncing, so i've updated my
membership payments as well.

As I recall, one of the big open questions from the meeting was whether
> Sudo pays any other recurring bills. We know we have insurance, and use
> utilities. It wasn't clear whether those are billed through Omni, and
> covered by the $2,000 per month, or not.
>

Since becoming a fiscally-sponsored project of its former self, Sudo's
activities are covered by Omni's insurance policies, which include property
and directors&officers insurance as well as general liability.

We used to pay $446/mo in utilities to Omni, but plead poverty in tandem
with CCL early last year and reduced our monthly payment to $2000. Omni is
by no means financially stable as of yet, and I'm still doing the
end-of-month scramble dance every month to ensure we can make our mortgage
payments. I'm hoping Omni can actually generate the beginnings of a reserve
fund by the end of this year. Here's Omni's budget spreadsheet
<https://docs.google.com/spreadsheets/d/1rvkMc5lmd8PovoViNLdvlrv0tSyvrH7iB0SmGqaFec8/edit?usp=sharing>
for those who are curious, or if that's overwhelming, a basic overview is
here <https://omnicommons.org/wiki/Finances>.
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