One of Laboratory B’s goals is to be as open and transparent about how it works. This includes the financials.
The Lab operates on a limited income base, with primary financial support coming from its member dues (sliding scale $30-90/month) and donations from communtiy members.
The Lab’s current monthly operational expenses are:
- Rent & Utilities: $975
- Insurance and other misc expenses: ~$100.
When our operating reserves exceed a member-determined target amount, 75% of the surplus in any month where more money comes in than goes out in operational expenses is allocated to a pool that can be used for purchasing new tools, consumables, and other items the Lab needs. Decisions about such allocations are made at the monthly member meeting.