Ubuntu Fine Art Gallery
Art Gallery
Overview
Raised: $25,550
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/08/2023
Close Date
06/23/2023
Min. Goal
$25,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
14.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$568
# of Investors
30
Momentum
Funded
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Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Location
PHILADELPHIA, Pennsylvania
Ubuntu Fine Art Gallery is raising funds on Honeycomb. It is a unique space in the Germantown area of Philadelphia, Pennsylvania, where art, culture, and passion converge. It is a single-artist fine art photography gallery that showcases diverse photographs around the South African concept of Ubuntu. Ubuntu Fine Art Gallery’s customers include art lovers, collectors, and individuals looking for exclusive and limited-edition pieces. Steven CW Taylor founded Ubuntu Fine Art Gallery in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $60,000. The campaign proceeds will be used for debt consolidation, marketing space rentals and events, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$57,344 |
$25,877 |
|
COGS |
$7,520 |
$1,082 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$512 |
$-96,347 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$-24,213 |
$-1,371 |
|
Accounts Receivable |
$761 |
$0 |
|
Total Assets |
$-15,916 |
$4,646 |
|
Short-Term Debt |
$68,470 |
$84,007 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$68,470 |
$84,007 |
Financials as of: 05/08/2023
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