Transcript we need money

We. Need. Money!:
Setting up financial plans for our
organization
Take out your typed mission
statements and list of services.
If you have your list of services…
• You then have to know that all of this costs
money, time, and manpower…which basically all
ties back to money.
• What you need to figure out is how you will get
money for your organization, and how you are
going to spend it.
• This is a not-for-profit organization. Though you
are allowed to give salaries to people, every other
penny must return to the purpose of the
organization.
Your lesson in economics
• Lesson #1: If you don’t have money, or
something to trade, working is difficult.
• Lesson #2: You need more money than you think
you do. A lower middle class salary begins at
about $40,000. A national non-profit executive
makes around $150,000. Every piece of paper
you print, every banner you make, and every
auditorium you rent will cost money up front.
• Lesson #3: Lots of profiting corporations enjoy
giving money in order to boost their good name.
Just choose wisely if you ask for corporate
sponsorship.
What A Budget Looks Like
• Services for Fort Bend
Education Foundation:
• Legal Representation for
teachers
• Financial Advice/Retirement Planning for teachers
• Technology grants for
classrooms
• New Teacher welcome
packs
• Teacher/parent liaison
support
• Provision for professional
development for teachers
• Internal salaries
• Fundraising activities:
$350,000
• Corporate sponsorship
(Shell, Schlumberger,
Teacher Heaven, etc.):
$500,000
• Membership dues:
$200,000
• Grant acquisition:
$1,000,000
• Volunteer Human Equity:
est. $500,000
• Total budget: $2,500,000
What YOU need to determine
• Budgets and services
must fit together. If
your budget exceeds
what you are able to
raise in funds, you need
to cut services from
your organization.
• BE REALISTIC. Think
about the following
schedule:
• Local organizations:
– <$2.5 million
• Regional/state
organizations:
– $3-10 million
• National organizations:
– $25-75 million
• International
organizations:
– <$75 million