Financials

Agile Boston Cash Balance

 

Agile Boston Financial Philosophy

The Agile Boston Core (leadership) circle has created policy that enables the completely transparent reporting of our current cash balance.  This policy can be summarized as follows:

  • The money belongs to the community
  • Our goal is NOT to accumulate a large amount of money and do nothing with it
  • Instead our goal is to utilize our cash to serve the Agile community of Great Boston
  • Therefore, we deploy this cash to cover expenses and underwrite monthly events and larger conferences
  • We endeavor to be good stewards and spend the money wisely

 

Agile Boston Cash Balance History

In 2014, we had about $5000 in cash going into the 2014 GIVE THANKS FOR SCRUM event.   After paying all expenses, the GIVE THANKS FOR SCRUM event netted close to $5000 for the Agile Boston community.  We were able to do this in large part because we utilized a FREE VENUE (The Microsoft NERD center in Cambridge MA.), allowing us to keep the tickets prices around $100 each, and to offer early-bird specials for just $59 for a seat!

 

Current Agile Boston Cash Balance

As of October 22, 2015 Agile Boston has $12,191 cash in the bank.  Here is the breakdown on income and expenses so far in 2015:

INCOME

DescriptionAmount
2015 Starting Balance$10,200
Annual Sponsorships$4,567
Education Revenue Share (we make a little on classes we promote)$408
Business Agility Agile Net Income$3,073
Total$18,248

EXPENSES

DescriptionAmount
Refunds$99
Food for monthly meetings$2,813
Website$680
Admin$1,830
Marketing$635
Total$6,057

BALANCE

DescriptionAmount
Total Income$18,248
Total Expenses($6,057)
Net Income$12,191

 

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