O&D Meeting 05/20/2025
Agenda
Old Action Items
- Revision the Wavier Stuff - Raj Tabled until after lease
- Report to Secretary of State - Jim
- Schedule Meeting with landlord and talk with landlord - Raj and Jim ASAP
- Air Conditions maintenance look into pricing. - Joe
- Talk to lockadock about intercom / removal of auto unlock - Danielle
- Look into Intercom - Joe
- Safety Committee startup - Danielle
- Take Saw blades in - Joe
- Talk to Tiff about Pete's Celebration of life - Kevin
- New location ideas - everyone
- Work on Air Stuff and possibly run a FAP - Joe
- Announce Safety Committee - Kevin
- Have another Oops meeting - Danielle
- Look into Batteries and door stuff - Joe (after Bed races) and Lock a Dock
Old Business
- Lease
- OOPS
- Faps for saw blades - Band saws, Scroll Saws, Sharpening table saw?
- Pete Robertson
- Bed Team
- Back Door - Joe
- Policy change discussion about 2 members needed for visitors.
- Handrail
Membership Report
Treasurer Report
- First, know that the LVL1 IRS 990-EZ filing for calendar year 2024 was completed and then submitted to and accepted by the IRS prior to the recent May 15 deadline.
- LVL1's 2024 Opening Balance was $65,385.
- LVL1's 2024 Revenue was $52,746.
- LVL1's 2024 Expense was $49,064.
- LVL1's 2024 Net was $3,682.
- LVL1's 2024 Closing Balance was $69,067.
- Second, more recently, the month of April 2025 was back to being cash negative.
- Here is the link for the LVL1-FinancialSummary-202504.pdf with the following values:
- April 2025 REVENUE was $4,706.24.
- April 2025 EXPENSE was ($5,191.83). The majpr expenses included another large LG&E bill at ($1,430.57) and the sewing machine repair course FAP expense at ($699.99).
- April 2025 NET was cash negative at ($485.59) for the month and we are also cash negative at ($841.49) year-to-date.
- Things will improve financially if and when we add a few new members.
New Business
Round Table
Action Items for Next Meeting
Continue attempts to contact landlord about lease. - Raj
Continue researching intercoms. - Joe
Continue promoting a safety committee - Kevin F.
Talk to each other about safety committee - Danielle and Joe
Get rid of the mattress - Joe, Michael
Keep updating on handrail. - Joe
Keep stressing pizza fund and filament fund. - Kevin
Set up a tour at metal factory place - Michael
Talk up laser workshops at firstbuild. - Tim