Gamehenge Tapers Co-op
Organization Summary
Gamehenge Tapers Co-op is a co-operative organization designed to serve the Portland tapers community. The tapers community is a hobby based group that records and trades live concerts. All of the bands that allow live recordings are “live” or “jam” bands who incorporate improvisation into their live performances so each performance is unique. The group members trade these live performances for personal consumption, enjoying the unique attributes of each individual show. Commercial use of these shows is strictly prohibited.
The organization sells a wide range of equipment for tapers. The equipment is purchased through normal wholesale distribution channels and sold directly to organizational members. Membership is required for entry to the co-op. A $40 entry fee and proof of traders status (a list of your show list is usually sufficient) is all that is needed to become a member. Products must be purchased through the web site and then picked up from the office at certain times throughout the week. Questions regarding products can be answered via email or phone (typically voicemail with a return phone call).
2.1 Legal Entity
Gamehenge Tapers Co-op is a 501C not-for-profit co-operative organization.
2.2 Start-up Summary
Gamehenge Tapers Co-op’s start up costs include:
- Desk, chair and file cabinet.
- Computer with printer, CD-RW, and internet connection.
- Legal fees for formation of not-for-profit status including filing fees.
- Website development.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $200 |
| Website development | $200 |
| Rent | $200 |
| Other | $0 |
| Total Start-up Expenses | $600 |
| Start-up Assets | |
| Cash Required | $250 |
| Start-up Inventory | $0 |
| Other Current Assets | $0 |
| Long-term Assets | $1,150 |
| Total Assets | $1,400 |
| Total Requirements | $2,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $600 |
| Start-up Assets to Fund | $1,400 |
| Total Funding Required | $2,000 |
| Assets | |
| Non-cash Assets from Start-up | $1,150 |
| Cash Requirements from Start-up | $250 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $250 |
| Total Assets | $1,400 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $0 |
| Capital | |
| Planned Investment | |
| Philanthropist 1 | $1,000 |
| Philanthropist 2 | $1,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $2,000 |
| Loss at Start-up (Start-up Expenses) | ($600) |
| Total Capital | $1,400 |
| Total Capital and Liabilities | $1,400 |
| Total Funding | $2,000 |
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