OSE Fellows Revenue Considerations: Difference between revisions
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Fellows revenue accounting is divided by different sources: | Fellows revenue accounting is divided by different sources: | ||
*Running workshops - typically OSE charges $300 above the bill of materials for a 1 day build, or $300-$1000 above the BOM for 2 day Training the Trainers (Extreme Learning) workshops. The revenue above the bill of materials and other event costs goes to the Fellows quota | *Running workshops - typically OSE charges $300 above the bill of materials for a 1 day build, or $300-$1000 above the BOM for 2 day Training the Trainers (Extreme Learning) workshops. The revenue above the bill of materials and other event costs goes to the Fellows net revenue quota. | ||
*Producing kits or parts - depends on product. | *Producing kits or parts - depends on product. | ||
*Other - honoraria for presentations, consulting, or other. | *Other - honoraria for presentations, consulting, or other. | ||
All costs are subtracted from the expenses of running workshops. The main cost there is the Bill of Materials cost plus any required tools. There may be costs associated with the venue, or other incidentals. The Fellow covers their travel costs, such as gas. Typically, workshops are in the local area, so airfare or hotels | All costs are subtracted from the expenses of running workshops. The main cost there is the Bill of Materials cost plus any required tools. There may be costs associated with the venue, or other incidentals. The Fellow covers their travel costs, such as gas and food. Typically, workshops are in the local area, so airfare or hotels are not a cost. If flights and a hotel are inclcuded, they must be subtracted from the revenue to get the net revenue. | ||
A net of $3000 is sufficient to cover the stipend. A net of $6000 is sufficient to cover OSE operating costs. Any revenue above $6000 is a bonus, and is shared 50/50 between the Fellow and OSE. | A net revenue of $3000 is sufficient to cover the stipend for the OSE Fellow. A net of $6000 is sufficient to cover OSE operating costs - thus making OSE financially sustainable for the long run. Any revenue above $6000 is a bonus, and is shared 50/50 between the Fellow and OSE. | ||
Revision as of 21:10, 21 July 2018
Fellows revenue accounting is divided by different sources:
- Running workshops - typically OSE charges $300 above the bill of materials for a 1 day build, or $300-$1000 above the BOM for 2 day Training the Trainers (Extreme Learning) workshops. The revenue above the bill of materials and other event costs goes to the Fellows net revenue quota.
- Producing kits or parts - depends on product.
- Other - honoraria for presentations, consulting, or other.
All costs are subtracted from the expenses of running workshops. The main cost there is the Bill of Materials cost plus any required tools. There may be costs associated with the venue, or other incidentals. The Fellow covers their travel costs, such as gas and food. Typically, workshops are in the local area, so airfare or hotels are not a cost. If flights and a hotel are inclcuded, they must be subtracted from the revenue to get the net revenue.
A net revenue of $3000 is sufficient to cover the stipend for the OSE Fellow. A net of $6000 is sufficient to cover OSE operating costs - thus making OSE financially sustainable for the long run. Any revenue above $6000 is a bonus, and is shared 50/50 between the Fellow and OSE.