Collectives FAQ
- Collect financial contributions
- Pay bills and reimburse expenses
- Provide automatic budget transparency
- Transact without incorporating your own legal entity
Open Collective is great for all kinds of collaborative groups, like meetups, open-source projects, neighbourhood associations, clubs, unions, movements, conferences, non-profits, grant recipients, and incubators.
You shouldn't have to incorporate a legal entity, start a new bank account, and do bookkeeping just to collect and spend money for a project—and with Open Collective you don't have to.
Open Collective makes it easy to be transparent about your finances. We help you collect recurring or one-off contributions from sponsors, supporters, or members.
Spending from your Open Collective is simple: the person to be paid submits a receipt or invoice, you approve it, and they get paid. We believe that financial transparency creates stronger collaboration, so everyone can see how money flows in and out of your Collective.
There are as many answers to this question as there are Collectives! It's up to each community to decide how to spend their funds.
Some communities delegate financial decision-making to a specific person or role, some develop policies about what should be funded, and others have processes to make spending decisions together as a group.
For ideas and examples, check out this article: Has Your Open Source Community Raised Money? Here’s How to Spend It.
Some common expenses are hosting costs, documentation, community moderation, printing t-shirts and stickers, conference travel expenses, food at meetups, time spent working on specific features, or even paying someone to work on a project full time!
Money contributed to a Collective goes to the bank account of the Fiscal Host. When someone wants to be paid, they submit an expense through your Collective page. After you approve it, the person is reimbursed via PayPal.
Expenses are visible publicly, so everyone can see how much money was spent and on what (though private details like emails, names, and addresses are only visible to that user and the admins).
Remove all tiers and turn off flexible contributions.
Last modified 1yr ago