04/14/2022 Board Meeting

Location: Hybrid at FCFL and Zoom Attendees: Joe Kim, Harold Morales, David Choi, Joe Stilin

Report from David
- Membership has increased to 83 members as of today April 14th, 2022
- $9,746 coming in per month currently
- Only 2 of past 7 months were positive in terms of member net gain
- February was a big month: net gain of 10 members
Report from Harold
- We have a budget of about $1,000 per month, calculated before the member increase
Rent Scenarios: increasing from $6,000 to $8,000 in 2023
- Worst case: We do not feel comfortable signing the lease in June. We have six months to find alternate locations.
- Medium Case: Maintain at 75 members (to maintain current $6,000 rent), with a burn rate of $2,000 beginning in January 2023
- Best case: Get 90 members and we are able to pay the increase in rent and not sacrifice our overhead
Our Sentiment on how to move forward and alignment
- Joe S.: On board with making it work
- Harold: On board. Moving doesn't seem like an option. It would change too much
- Arjen: On board with making it work.
- David: Getting tired, it's a lot of work.
- Joe K: "Kinda have to keep going forward!"

Communication
- Slack and Trello aren't being used by the group as a whole
- Need to find what works for us
High frequency tasks
- Member maintenance
- Bringing in new members
- Tools and workshops
- Fixing broken things
- Maintaining culture
Will we delegate tasks amongst us 5?
Every task / system should be documented
Arjen
- Teach CNC
- Communications/ negotiations with Ed
David