Transparency Report: July-September 2021

IMBY’s quarterly transparency reports are meant to serve a few purposes: to be transparent about how we run our business, to be transparent about how membership fees are spent, and to open a dialogue around new ways of approaching business. Since transparency is one of our biggest values here at IMBY, we want to be sure to keep you in the loop!

As we’re a new-ish company (this report is for our second quarter in business!), these reports are kept simple to reflect the simple nature of our finances at the moment. However, we more than welcome questions to dive into an area more deeply!

Here we go for July through September of 2021.

Q3 2021 IMBY Revenue

Membership revenue

July: $735
August: $710
September: $690

Total membership revenue: $2135
Total membership revenue after credit card processing fees: $2055.48

Events Revenue

July: $340
August: $50
September: $170

Total events revenue: $560
Total events revenue after credit card processing fees: $503.56

Total Q3 revenue: $2695
Total Q3 revenue after fees: $2559.04

Q3 2021 IMBY Expenses

Event speakers: $1407.86
To maintain the confidentiality of how much we paid each speaker individually, we lumped together all the speaker fees.

Apps + software: $279.96

• Moonclerk, $54

• Flodesk, $57

• Canva: $25.98

• Podia: $117

• Otter.ai: $25.98

Member materials: $20

Total Q3 expenses: $1707.82

Q3 net profit: $851.92

Net profit from Q3 was kept in the business for future expenses!

Questions? Comments? Need clarification? Use the comment section below, we are here to answer any and all questions about money, startup costs, or how we run our business!