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Seed Capital Caf is a small venue that our organization has operated as a workshop space since 2016 at 114-53 Farmers Blvd. It is a
Seed Capital Caf is a small venue that our organization has operated as a workshop space since 2016 at 114-53 Farmers Blvd. It is a "caf only in the sense of its small size and WiFi access, we do not sell food or beverages. Our organization uses the caf to conduct meetings and workshops. We also rent the space for $10 per hour to local entrepreneurs who need space for pop-up shops, networking events, exhibits and business meetings. In 2019 we generated $1,850 from those rentals. In 2019, seventy percent (70%) of our organization's programs were conducted from Seed Capital Caf. We paid $1,000 per month for rent at the caf. We paid $90 per month for WiFi at the caf. Our organization's total insurance cost for the year was $1,400, which covered all of our events and programs, even away from the caf. Also in 2019, our organization received certain grants from the City of New York: $11,000 from the City Council and $2,000 from the Queens Borough President. Based on this information, please provide your answers to the following questions: What were the total expenses for operating Seed Capital Cafe in 2019? Explain how you got your answer. Your answer If we used all of our City grant funding (and no other funds) to pay expenses at Seed Capital Cafe, what would be the resulting budget surplus or deficit for 2019? Explain how you got your
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