04/14/2022 Board Meeting

From Fat Cat Fab Lab

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

Lease Scenarios
  • 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!"
Board roles and responsibilities
  • 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
Board Expectations
  • Check Slack at least once per week
  • Come to Open House
Initiatives Ideas
  • Buddy system for members
Communications: Flowroute
  • Going with FlowRoute to answer calls to Fat Cat Fab Lab
Next Meeting
  • Scheduled for Tuesday, April 19 6pm - 9pm