Where the Money Comes From - Revision history

Kathey at 20:42, 3 June 2009

2009-06-03T20:42:39Z

Halfasspete: new category

2006-01-04T22:45:21Z

new category

Rfs: /* The Big Income Streams */

2005-02-24T23:26:23Z

The Big Income Streams

Rfs: /* Other Sources of Income */

2005-02-24T22:57:17Z

Other Sources of Income

Rfs: /* Other Sources of Income */

2005-02-24T22:44:50Z

Other Sources of Income

Rfs: /* The Big Income Streams */

2005-02-24T03:29:20Z

The Big Income Streams

Rfs: /* In the Warehouse */

2005-02-24T03:26:33Z

In the Warehouse

Rfs: /* Monitor Fees */

2005-02-24T03:23:58Z

Monitor Fees

Rfs at 03:05, 24 February 2005

2005-02-24T03:05:31Z

New page

How does Free Geek pay for itself? Where's the money go?

== The Big Income Streams ==

Most of the ongoing income at Free Geek comes from four income streams:

* Sales in the Thrift Store,
* E-Waste Recovery,
* Monitor Fees, and
* Solicited Donations.

There are several other income streams -- some of which have a lot of potential for growth, and some that are more sporadic. Here's the rundown:

=== At the Front Desk ===

When people give us money at the front desk it usually falls into one of two categories.

==== Monitor Fees ====

In 2004, monitor fees account for $81,725, though a fairly large chunk of that needs to be deducted, since failed monitors cost us $15,728 in processing fees, leaving a better income estimate at $65,997. From that income we need to pay rent for monitor storage, part of the salaries for the folks who work in the store or train monitor testers, electricity to test the monitors and more.

==== Solicited Donations ====

In 2004, people giving us suggested donations accounted for $68,015. These are tax deductible donations that usually accompany gizmo donations.

=== Retail Sales ===

Most retail sales take place in our thrift store, but we're beginning to sell some items on eBay where there's a ready made market.

==== The Thrift Store ====

The thrift store accounted for $96,726 in 2004, but that cost us a small amount of overhead money (t-shirts, supplies, printer parts, etc.) leaving us $94,394. From that money we need to pay part of the salaries of the sales, printer and build coordinators, as well as an intern salary. The rest goes into the general fund for rent, utilities, and general staffing costs.

==== Online Sales (eBay) ====

Online sales is small but beginning to grow. In $2004, we raised about $2,497 this way.

=== In the Warehouse ===

==== Refurbishers ====

People buying stuff we expected to recycle in a last ditch effort to get it working account for $1,086 in 2004.

==== E-Waste Recovery ====

Selling recoverable materials (like circuit board for gold, etc.) brought in $36,422 in 2004, but associated costs (mostly transportation) bring that number down to $31,998. From this we need to pay Recycling and Operations Coordinators, rental for the warehouse, and contribute to the overall cost of staffing and operations.

== Other Sources of Income ==

$16,775 total (after expenses are deducted). This is

=== Grants ===

=== Consulting / Collaborative Technologies ====

==== Education ====

==== Fundraisers ====

==== Rental Income ====

==== Online Donations ====

← Older revision		Revision as of 20:42, 3 June 2009
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	[[Category:AboutFG]]		[[Category:AboutFG]]
		+	[[Category:Fundraising]]

← Older revision		Revision as of 22:45, 4 January 2006
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	We received $165 in donations through our web site in 2004.		We received $165 in donations through our web site in 2004.
		+
		+	[[Category:AboutFG]]

← Older revision		Revision as of 22:44, 24 February 2005
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−	=== Consulting / Collaborative Technologies ====	+	=== Consulting / Collaborative Technologies ===

	==== Education ====		==== Education ====

← Older revision		Revision as of 03:29, 24 February 2005
Line 2:		Line 2:

	== The Big Income Streams ==		== The Big Income Streams ==
		+
		+	In 2004 Free Geek brought in about $355,348 after directly related expenses. We also spent $411,111 in more generalized expenses for a net loss of $55,762.

	Most of the ongoing income at Free Geek comes from four income streams:		Most of the ongoing income at Free Geek comes from four income streams:

@@ Line 3: / Line 3: @@
 == The Big Income Streams ==
-In 2004 Free Geek brought in about $355,348 after directly related expenses. We also spent $411,111 in more generalized expenses for a net loss of $55,762.
+In 2004 Free Geek brought in about $355,348 after directly related expenses. That is we brought in more money than that, but bringing in that money cost us something. For instance monitor fees brought in over $81,000 but after deducting monitor processing costs, the adjusted number is more like $66,000. This page uses the adjusted number throughout.
 Most of the ongoing income at Free Geek comes from four income streams:
@@ Line 20: / Line 24: @@
 ==== Monitor Fees ====
 We charge $10 for every monitor donated to us. In 2004, monitor fees account for $81,725, though a fairly large chunk of that needs to be deducted, since failed monitors cost us $15,728 in processing fees, leaving a better income estimate at $65,997. From that income we need to pay rent for monitor storage, part of the salaries for the folks who work in the store or train monitor testers, electricity to test the monitors and more.
 ==== Solicited Donations ====
 In 2004, people giving us suggested donations accounted for $68,015. These are tax deductible donations that usually accompany gizmo donations.
 === Retail Sales ===
@@ Line 33: / Line 41: @@
 The thrift store accounted for $96,726 in 2004, but that cost us a small amount of overhead money (t-shirts, supplies, printer parts, etc.) leaving us $94,394. From that money we need to pay part of the salaries of the sales, printer and build coordinators, as well as an intern salary. The rest goes into the general fund for rent, utilities, and general staffing costs.
 ==== Online Sales (eBay) ====
-Online sales is small but beginning to grow. In $2004, we raised about $2,497 this way.
+Online sales is small but beginning to grow. In 2004, we raised about $2,497 this way.
 === In the Warehouse ===
@@ Line 45: / Line 57: @@
 People buying stuff we expected to recycle in a last ditch effort to get it working account for $1,086 in 2004.
 ==== E-Waste Recovery ====
 Some of these materials cost us money. Most make us at least something. Selling recoverable materials (like circuit board for gold, etc.) brought in $36,422 in 2004, but associated costs (mostly transportation) bring that number down to $31,998. From this we need to pay Recycling and Operations Coordinators, rental for the warehouse, and contribute to the overall cost of staffing and operations.
 === Grants ===
-$92,420 came in as a result of grantwriting to various foundations. This represents about 26% of all our (adjusted) income. This is money that should not be counted on in the future, though grantwriting efforts will continue, of course.
+$92,420 came in as a result of grantwriting to various foundations. This is money that should not be counted on in the future, though grantwriting efforts will continue, of course.
 == Other Sources of Income ==

@@ Line 49: / Line 49: @@
 Some of these materials cost us money. Most make us at least something. Selling recoverable materials (like circuit board for gold, etc.) brought in $36,422 in 2004, but associated costs (mostly transportation) bring that number down to $31,998. From this we need to pay Recycling and Operations Coordinators, rental for the warehouse, and contribute to the overall cost of staffing and operations.
 == Other Sources of Income ==
-$16,775 total (after expenses are deducted). This is
+$16,775 total (after expenses are deducted). This is only about 5% of our total income, but some of these income streams can grow.
-=== Grants ===
+=== Consulting / Collaborative Technologies ===
-=== Consulting / Collaborative Technologies ===
+==== Education ====
-==== Education ====
+Educational events brought in $458 in 2004.
 ==== Fundraisers ====
 ==== Rental Income ====
 ==== Online Donations ====