GENERATOR INC | BOARD MEETING, January 19, 2016

DIRECTOR’S UPDATE

Generator Board Meeting

January 19, 2016

GENERATOR INC | BOARD MEETING, January 19, 2016

Cash on hand, January 18, 2016 $69,217

Income-Expense, December 2015$19,405 / $21,659

Income-Expense, November 2015$73,845 / $22,754

Income-Expense, October 2015 $15,532 / $26,209

GENERATOR INC | BOARD MEETING, January 19, 2016

Cashflow - August 2014 to June 30 2015

0

40000

80000

120000

160000

Aug Oct Dec Feb Apr June August October December

Income Expense Balance

GENERATOR INC | BOARD MEETING, January 19, 2016

Q3 (Start) Budget Summary • $63,218 in hand July 1, 2015 • $210,431 Total Income • $215,809 Total Expense • Net revenue -$5,378

Cash on hand, January 18, 2016 $69,217

Discrepancy Q3*+ $11,377

GENERATOR INC | BOARD MEETING, January 19, 2016

Fundraising Snapshot

GENERATOR INC | BOARD MEETING, January 19, 2016

Fundraising to Date • Outstanding commitments, 2015-2016 ~ $32,500

• Outstanding requests, 2015-2016 ~ $69,000

• Requests to go out in 2015 ~ $180,000-430,000

GENERATOR INC | BOARD MEETING, January 19, 2016

Outstanding Commitments • Evslin, $16,000 CCV, VTTech gift • Bay Paul, $8,000 grant • Champlain College, $6,000 • UVM BioFabLab, $2,500 TOTAL: $32,500

GENERATOR INC | BOARD MEETING, January 19, 2016

Outstanding Requests • BGS, $40,000 grant* • Vermont Community Foundation, $20,000 • Northfield Savings Bank, $4,500 • Merchants Bank, $4,500 TOTAL: $69,000

GENERATOR INC | BOARD MEETING, January 19, 2016

Remaining Requests FY16 • Argosy Foundation, $50,000 • ArtsPlace, $300,000* • Bank of America, $30,000 • USDA, $50,000 • Kauffman, $50,00 TOTAL: $180,000-430,000

GENERATOR INC | BOARD MEETING, January 19, 2016

Total • Known fundraising ~ $122,500

• Potential fundraising ~ $180,000-430,000Total FY16 ~$302,500-552,500

GENERATOR INC | BOARD MEETING, January 19, 2016

ACTIVITY UPDATE

GENERATOR INC | BOARD MEETING, January 19, 2016

Program, Activity Report

• Events: Position has been closed, good transition • Education: new committee, strong results, expanded thinking around programming • Operations: intern, certifications being streamlined, digital readouts, new tool request • Membership: 185 members, strong volunteer base. Support for new rates; add keys?• Outreach: Good drumbeat of updates - email, social. New video project, new retail “events” focus• Admin: Strong transition from Lasher to Grenn, beginning of final push to solid books, controls

GENERATOR INC | BOARD MEETING, January 19, 2016

Upcoming activities

• BIG Maker 1/21- Games as art• Education field trip, Lemelson-MIT 2/25• BIG Maker 3/5 - Prosthetics • Pitch It, Fab It! 3/29• BIG Maker 4/21 - Maker classroom

GENERATOR INC | BOARD MEETING, January 19, 2016

THANK YOU