Meeting 2022-06-29

New Business

• Discussion of new lease options, financial viability
  • 34 West 37th Street
    • 1 room, check #space-force
    • at final negotiation
    • Negative cash flow, operational budget lasts 21 months with 10 member gap.
    • Possible increase in budgets
      • Increase fees, immediate 10% increase
      • Enforce storage capacity

• Proposal to increase dues.

Given the increase cost pending with the new location, it may be time that HackManhattan needs to increase the monthly membership dues from the $100 dollars since we started. When the lease is finalized negotiations, part of the vote will include the right for the board to increase dues at their discretion.

Membership Tiers

Since HackManhattan started, the understanding was that all members were equal and paid a $100 dollar membership tier ($50 for starving hacker rates). Over ten years later, we have reached the point this is no longer sustainable. Discussion is open new membership tiers and updated fees.

Sponsored Members Induction

No new members since last month

Member Reports

Board Reports

President's Report

• Not present

Treasurer's Report

• Paypal: $11,330.69
• Bank: $12,955.48
• monthly membership dues $2950
• additional revenue is vital in new space.

Secretary's Report

• Legal Representation has not responded.
• Benevity Portal

Directors-at-Large's Report

• No report.

Meeting Meta

• Members in Attendance: Jay L, Peter M, Nick G, Ellen, Derek, Clyde.
• Called to order at 19:05 by Pidge.
• The meeting was adjourned at 19:24 by Pidge.
• Minutes taken and submitted by Jay.