90p Admin

Here is the start of the meeting materials for our January 2, 2020 Board Meeting.

Attached is the Agenda.

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Moira Goggin
Executive Director
90 Minds, Inc.
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Executive Directors Recap for December 2019.

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Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------

One of the items on our agenda for tomorrow is the 90 Minds Budget. I have noodled around the budget Moira drafted into a form that I think highlights the "dials" that we have to jiggle. The numbers are the same. (Well, almost. I lost $375 somewhere ..)

Moira's original presentation is tab1 and my rearrangement is the second tab. I put the elements I thought as as sort of fixed into the first part, ending in "Base Gross Profit". This shows we make not quite $4k in simple ops. (The only element I modified is the QB Merch Fees which I allocated against revenue streams.)

The second section shows the result of explicit choices we make about in-person BOD meetings and marketing. In Marketing I include promo elements and Conferences, such as Sage Summit. My sense is that we should ballpark what our ROI on these investments should be.

Third, we have our MOTM and Academy contributions. Is something wrong with the MOTM, because we should show a profit on that?

@Robert Wood @Alan Clark @Jim Woodhead @Karen O'Lane @Moira Goggin - please try to think about this for tomorrow. Sorry for the short notice.​​​​​

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Jerry Norman
President, 90 Minds
Smartbridge Partners
512.419.1444 x112
------------------------------

@Jerry Norman.  I see the issue.  The MOTM expenses on the Annual budget is listed at $145K.  Based on the Budget that Moira provided the Budget for MOTM 2020 expenses is $130K.  That $15K makes a Big different. Although we are still running at a deficit ~ $4K that is a lot better than almost $20K

------------------------------
Jim Woodhead
DSD Business Systems
619-990-3946
------------------------------

Original Message:
Sent: 01-01-2020 20:06
From: Jerry Norman
Subject: Board Meeting January 2, 2020 - Materials

One of the items on our agenda for tomorrow is the 90 Minds Budget. I have noodled around the budget Moira drafted into a form that I think highlights the "dials" that we have to jiggle. The numbers are the same. (Well, almost. I lost $375 somewhere ..)

Moira's original presentation is tab1 and my rearrangement is the second tab. I put the elements I thought as as sort of fixed into the first part, ending in "Base Gross Profit". This shows we make not quite $4k in simple ops. (The only element I modified is the QB Merch Fees which I allocated against revenue streams.)

The second section shows the result of explicit choices we make about in-person BOD meetings and marketing. In Marketing I include promo elements and Conferences, such as Sage Summit. My sense is that we should ballpark what our ROI on these investments should be.

Third, we have our MOTM and Academy contributions. Is something wrong with the MOTM, because we should show a profit on that?

@Robert Wood @Alan Clark @Jim Woodhead @Karen O'Lane @Moira Goggin - please try to think about this for tomorrow. Sorry for the short notice.​​​​​

------------------------------
Jerry Norman
President, 90 Minds
Smartbridge Partners
512.419.1444 x112
------------------------------

OK. My tab directly references data on the Base tab - change it there, and my tab changes (except for the BOD meetings items).

Anybody find anything else?

------------------------------
Jerry Norman
President, 90 Minds
Smartbridge Partners
512.419.1444 x112
------------------------------

Original Message:
Sent: 01-01-2020 21:00
From: Jim Woodhead
Subject: Board Meeting January 2, 2020 - Materials

@Jerry Norman.  I see the issue.  The MOTM expenses on the Annual budget is listed at $145K.  Based on the Budget that Moira provided the Budget for MOTM 2020 expenses is $130K.  That $15K makes a Big different. Although we are still running at a deficit ~ $4K that is a lot better than almost $20K

------------------------------
Jim Woodhead
DSD Business Systems
619-990-3946
------------------------------


Original Message:
Sent: 01-01-2020 20:06
From: Jerry Norman
Subject: Board Meeting January 2, 2020 - Materials

One of the items on our agenda for tomorrow is the 90 Minds Budget. I have noodled around the budget Moira drafted into a form that I think highlights the "dials" that we have to jiggle. The numbers are the same. (Well, almost. I lost $375 somewhere ..)

Moira's original presentation is tab1 and my rearrangement is the second tab. I put the elements I thought as as sort of fixed into the first part, ending in "Base Gross Profit". This shows we make not quite $4k in simple ops. (The only element I modified is the QB Merch Fees which I allocated against revenue streams.)

The second section shows the result of explicit choices we make about in-person BOD meetings and marketing. In Marketing I include promo elements and Conferences, such as Sage Summit. My sense is that we should ballpark what our ROI on these investments should be.

Third, we have our MOTM and Academy contributions. Is something wrong with the MOTM, because we should show a profit on that?

@Robert Wood @Alan Clark @Jim Woodhead @Karen O'Lane @Moira Goggin - please try to think about this for tomorrow. Sorry for the short notice.​​​​​

------------------------------
Jerry Norman
President, 90 Minds
Smartbridge Partners
512.419.1444 x112

Here are the Financials for 1/1/2020

Balance Sheet, P&L AR Detail & AP Detail

------------------------------
Jim Woodhead
DSD Business Systems
619-990-3946
------------------------------

Thanks @Jim Woodhead
​

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------

Original Message:
Sent: 01-01-2020 20:07
From: Jim Woodhead
Subject: Board Meeting January 2, 2020 - Materials

Here are the Financials for 1/1/2020

Balance Sheet, P&L AR Detail & AP Detail

------------------------------
Jim Woodhead
DSD Business Systems
619-990-3946
------------------------------

Note, the financials do not include the last bank rec statement, as the statement hasn't been posted by the bank due to the holidays.

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------

Original Message:
Sent: 01-02-2020 11:00
From: Moira Goggin
Subject: Board Meeting January 2, 2020 - Materials

Thanks @Jim Woodhead
​

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------


Original Message:
Sent: 01-01-2020 20:07
From: Jim Woodhead
Subject: Board Meeting January 2, 2020 - Materials

Here are the Financials for 1/1/2020

Balance Sheet, P&L AR Detail & AP Detail

------------------------------
Jim Woodhead
DSD Business Systems
619-990-3946

minutes from Nov 7, 2019

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------

Original Message:
Sent: 01-02-2020 11:03
From: Moira Goggin
Subject: Board Meeting January 2, 2020 - Materials

Note, the financials do not include the last bank rec statement, as the statement hasn't been posted by the bank due to the holidays.

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------


Original Message:
Sent: 01-02-2020 11:00
From: Moira Goggin
Subject: Board Meeting January 2, 2020 - Materials

Thanks @Jim Woodhead
​

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.


Original Message:
Sent: 01-01-2020 20:07
From: Jim Woodhead
Subject: Board Meeting January 2, 2020 - Materials

Here are the Financials for 1/1/2020

Balance Sheet, P&L AR Detail & AP Detail

------------------------------
Jim Woodhead
DSD Business Systems
619-990-3946

dec mintues

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------

Original Message:
Sent: 01-02-2020 12:45
From: Moira Goggin
Subject: Board Meeting January 2, 2020 - Materials

minutes from Nov 7, 2019

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.
------------------------------


Original Message:
Sent: 01-02-2020 11:03
From: Moira Goggin
Subject: Board Meeting January 2, 2020 - Materials

Note, the financials do not include the last bank rec statement, as the statement hasn't been posted by the bank due to the holidays.

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.


Original Message:
Sent: 01-02-2020 11:00
From: Moira Goggin
Subject: Board Meeting January 2, 2020 - Materials

Thanks @Jim Woodhead
​

------------------------------
Moira Goggin
Executive Director
90 Minds, Inc.


Original Message:
Sent: 01-01-2020 20:07
From: Jim Woodhead
Subject: Board Meeting January 2, 2020 - Materials

Here are the Financials for 1/1/2020

Balance Sheet, P&L AR Detail & AP Detail

------------------------------
Jim Woodhead
DSD Business Systems
619-990-3946