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2013 REPORT


The co.space is a global network of homes for world-changers. We take driven students and experienced changemakers and place them all together under one roof. We then give them one goal.

To go and make the world a better place. A. Christian Baum & Spud Marshall


2013 END OF THE YEAR REPORT

TABLE OF CONTENTS FINANCIAL DATA

............................3

APPLICATION PROCESS

............................ 4

RENOVATION PROCESS

............................ 5

STRUCTURAL LAYOUT

............................ 6

RETREATS & MEETUPS

............................ 7

GUESTS & VISITORS

............................ 8

COMMUNITY EVENTS

............................ 9

MEDIA & RECOGNITION

............................ 10


FINANCIAL

BUILDING THE FINANCIAL FOUNDATION FOR THE BROADER CO.SPACE INFRASTRUCTURE

DATA

We have seen many similar initiatives fail because they lacked a sustainable business model that not only maintained the physical spaces, but supported a core leadership team to oversee the growth and vitality of the network. In March 2013, we purchased the first property in State College, PA and have begun generating revenue from rent and program fees starting in August 2013.

R F A U I N S D E S

$ 668k

-

NET

$ 644k

D

2

5

GRANT GRANT Centre mobilize.org Foundation

67

225

369

INCOME Rent & Fees

LOAN Investors

LOAN Bank

$

IN THOUSANDS

RETREATS

SALARY

BUSINESS

RENOVATIONS

PROPERTY PURCHASE

4

20

55

115

450 E X

24k

P E N S E

ASSET EQUITY

$1M PROPERTY $380k est. 3


APPLICATION

PROCESS

SELECTING THE MOST DRIVEN, POSITIVE AND PASSIONATE INDIVIDUALS FOR THE HOME

Start with “The success of the co.space ultimately hinges on curating the right tenants - who make up the DNA of our homes.

69

total applicants

15

Penn State colleges represented

20

very happy residents!

Together they create a tight-knit group of friends, role models, allies, and inspiration for one another. Students complete a written application and undergo an in-person interview with the directors and representatives from the home. Young professionals are then hand selected to best match the unique nature of each year’s class.

2012

A PPLIED

ACCE P T E D

33 STUDENTS

14 STUDENTS

-2013

9

2013

YOUNG PROFESSIONALS

6

YOUNG PROFESSIONALS

A PPLIED

ACCE P T E D

25 STUDENTS

6

STUDENTS

2

1

YOUNG PROFESSIONALS

-2014

YOUNG PROFESSIONALS

13

RETURNING

4


RENOVATION

PROCESS During the summer of 2013, countless long days and nights were spent renovating and designing the flagship home of the co.space network. With not a single surface (other than the ceilings) untouched, the property underwent a complete transformation. Serving as a living laboratory for innovation, the

THEY SAID IT COULDN’T BE DONE. WELL, A FEW BEERS AND CHOCOLATE BARS LATER...

3

MONTHS OF WORK

50 +

VOLUNTEERS

7k +

VOLUNTEERED HOURS

property contains a waterplace (fireplace with a waterfall inside), mine shaft guest room, walk-

+

through living plant wall and a 20’ live edge wood table made from a 300-year old apple tree. Needless to say, the house is unlike any other home.

2

INJURIES! BUT WE’RE OK...

6

FALSE FIRE ALARMS

3,500 5,025

LBS. OF IKEA FURNITURE

SQ. FT. RENOVATED

135

SQ. FT. OF WHITEBOARD SURFACE

119

LIGHT BULBS 5


STRUCTURAL

LAYOUT

FOUR LEVELS OF PURE CREATIVITY, INNOVATION, COLLABORATION AND LAUGHTER

3

6 BED ROOMS + 2 BATH ROOM S 9 RESID ENTS

2

6 BED ROOMS + 3 BATH ROOM S 9 RESID ENTS 1 GU EST

G

K ITCH EN, D INING, COMMON AREAS , PAN T RY

B

1 BED ROOM + U TILITIE S 2 PEOPLE

STUDENTS

YOUNG PROFESSIONALS

14

6

BATHROOMS

6

13

BEDROOMS 6


RETREATS & MEETUPS

PRIOR TO LAUNCHING THE PROPERTY, WE HOSTED A SERIES OF RETREATS AND MEETUPS

Whipple Dam Retreat AU GU ST 2013

18 PEOPLE

To start the semester off with the first class of co.spacers, we held a daylong retreat at a local state park. The purpose of the day was to discuss personal and collective goals for the year and how we as community can best support one another. We also shared personal journeys for what lead each resident to the co.space and what they are looking for from the experience.

Inaugural Kick-off Retreat D ECEMBER 2012

Over the course of the weekend, we facilitated a lot of workshops to imagine what the home will look like. Additionally, this weekend was a time to get to know one another and begin setting some objectives for what we personally each want to get out of this experience. 17 PEOPLE

Mentor Meetup APRIL 2013

23 PEOPLE

On April 28th 2013, we brought together some of the student co.space residents and local community members for a chance to meet one another. Often times, students are not given the opportunity to interact with local residents on a regular basis. One aim of the co.space is to foster these connections on a more regular basis so that deeper friendships and relationships can be developed between the town and gown. 16 RESIDENTS + 7 COMMUNITY

7


GUESTS &

VISITORS A dedicated guest room in the State College co.space allows for visiting speakers, Penn State alumni, entrepreneurs and mentors to stay in the home. We had a wide variety of guests this year and the majority of them interacted with the residents through a meal or hanging out in the common areas, providing direct connections and resources to the residents.

OUR HOME IS YOUR HOME. CHECK OUT THOSE WHO DARED TO STAY OVER!

Overnight Guests

11 David Mazza Taylor Gourmet

Leith Sharp Harvard

Steven Welch

DreamIt Ventures

Matt Lobach

Hersha Hospitality

Ben Gilbert Microsoft

Joe Chen

renren

Additional Guests

24

AnDa Union

AnDa Union

Mongolian Band

Evan Applegate BusinessWeek

8


COMMUNITY

MONGOLIAN MUSICIANS AND TECH ENTREPRENEURS AND SUSTAINABILITY CONSULTANTS, OH MY!

EVENTS

387

TOTAL PEOPLE

300

100

100

87

C O MMU N I T Y MEMB E RS

80

70

C O . S PAC E R ES I DE N TS

65

60

85

56

40 25

20

40 22

25

15

15

0

51

10

14

15

9 /1 3

9 /2 3

9 /2 5

9

17

6

5

1 0 /2 2

1 1 /6

14

15

1 1 /1 4

1 1 /2 1

25

25

22

20

3

5

1 2 /4

12/ 5

k n le rs rp ub oft tem luc op nio Cl de ha s t os r e U r S y o e P c P a h Bo os d nc Mi nD eit ut Ec s& an Da hip A L o k s n r n h g n o a th it in ith he er ati wi -P Sw sW yw Int eC ov A a r t o i n P c e l J C In fri bi ine ina hA ng t a E t u s So Su n re

re

n

A S H A R E D E X P E R I E NCE Community Dinners and Breakfasts are a chance for both residents and community members to share a meal with individuals they other wise wouldn’t get the chance to meet with.

9


MEDIA &

RECOGNITION

12

PRESS ARTICLES

HERE’S TO THE MOMENTS WHEN WE STUCK OUR HEAD OUT TO SHARE THE WORK WE’VE BEEN UP TO!

AWARDS Mobilize.org Penns y lv ania Millennial Civ ic Eng ag ement Winner Winner of $5,300 from Mobilize.org to implement the co.space. Judging was based upon potential social impact, creativity and innovation, sustainability, and the use of new and social media.

705 LIKES

AshokaU & GOOD Maker Dis rup tive Innov ation Winner

Recognized as one of the top disruptive innovations to emerge out of the 2012 Ashoka U Exchange, a gathering of over 400 entrepreneurial leaders and innovators in higher education.

WEBSITE

Echoing Green 2 0 1 3 Semi-Finalis t Recognized as one of the top disruptive innovations to emerge out of the 2012 Ashoka U Exchange, a gathering of over 400 entrepreneurial leaders and innovators in higher education.

J AN 2 0 1 2 - D E C 20 1 3

4,314

UNIQUE VISITORS

17,906 PAGE VIEWS 6,294 VISITS 69% NEW VISITS

Peace Child International Green Ec onomy Ec o-Bus ines s Innov ation Initiative Winner Recognized as one of the top disruptive innovations to emerge out of the 2012 Ashoka U Exchange, a gathering of over 400 entrepreneurial leaders and innovators in higher education.

10


co.space End of Year 2013 Report  

A look back on the past year and the impact we've had.

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