Bondi Innovation Alliance is ‘for the community, by the community’. In order to be able to continue doing what we do for the community, including running Bondi Innovation Hub and organising events, we need to cover out costs.
We are incorporated as a Pty Ltd for flexibility, but the intention is that any profits are applied to creating value for the community. We will publish all our financials so everyone can see that anything they contribute goes to supporting the community.
Our accounts up until 31 December 2020 are embedded below, every quarter we will share updated reports.
Our financial situation has changed substantially since we launched Bondi Innovation Hub on 1 March.
Current estimated monthly financials (March 2021)
Space and events manager $5,500 (average)
Overheads including utilities and Resident facilities $1,500 (approx)
APPROXIMATE TOTAL MONTHLY COSTS $17,000
Resident members $3,600
Anchor tenants rent $4,100
Social events $1,000
APPROXIMATE TOTAL MONTHLY REVENUE $9,700
APPROX CURRENT PROFIT/ (LOSS) ($7,300)
Our financial statements
Please expand these documents to see our balance sheet and profit and loss for the periods to 31 December 2020.