Our goal is to develop a new generation of non profit organization across Europe. There are so many great citizen initiatives happening everywhere but as soon as they need to raise funds, they need to waste precious time to worry about all the paperwork required to create and maintain a 20th century association. We can do better.
Open Collective Europe enables communities to create a virtual non profit so that they can start collecting money without having to worry about setting up yet another legal entity and accounting. All those collectives are transparent by design. This creates an environment where the community feels more comfortable to chip in and financially support the activities of the collective. It also creates an environment where each collective can learn from each other. No more silos.
What can an open collective do? An open collective can collect one time and recurring donations (monthly or yearly). Anyone in the community can file expenses for reimbursement. After approval by the administrators of the collective, the host (in this case Open Collective Europe Non Profit) reimburse the full amount. Learn More. You can also create events and sell tickets and sponsorships, for example: https://opencollective.com/brusselstogether/events/meetup-7 https://opencollective.com/veganizerbxl/events/superfilles
How much does it cost? There is a 10% administration fee + credit card fees (1.4% + €0.25 for European cards and 2.9% + €0.25 for non-European cards).
What are the limitations? You cannot hire people (except freelancers). Beyond that, your collective acts as your own virtual association.
- Where can I find more information?* See the FAQ on Open Collective
See other example of host organizations that are enabling people in their community to create open collectives: