Catholic School Development Foundation
Organization Summary
Catholic School Development Foundation is dedicated to helping Catholic elementary and secondary schools develop sustainable sources of gift revenue. In doing so, we take a comprehensive approach to helping the school succeed. For example, evidence of good business practice is essential to healthy donor relations. Therefore, this is one example of the many areas we review to ensure long-term sources of gift revenue.
2.1 Legal Entity
Catholic School Development Foundation will be incorporated as a nonprofit operating foundation. A policy-making board will meet quarterly.
2.2 Start-up Summary
Total start-up expense details are included in the following start-up table. About a third of is earmarked for the travel necessary to secure contracts. A home office is assumed. Required start-up assets include cash reserves and purchase of a laptop computer and software. The office is already equipped with furniture.
| Start-up Funding | |
| Start-up Expenses to Fund | $33,400 |
| Start-up Assets to Fund | $39,400 |
| Total Funding Required | $72,800 |
| Assets | |
| Non-cash Assets from Start-up | $3,000 |
| Cash Requirements from Start-up | $36,400 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $36,400 |
| Total Assets | $39,400 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $11,400 |
| Total Liabilities | $11,400 |
| Capital | |
| Planned Investment | |
| Personal Savings | $30,000 |
| Investor 2 | $20,000 |
| Other | $11,400 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $61,400 |
| Loss at Start-up (Start-up Expenses) | ($33,400) |
| Total Capital | $28,000 |
| Total Capital and Liabilities | $39,400 |
| Total Funding | $72,800 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $600 |
| Brochures, Logo & Mailing Lists | $5,000 |
| Phone | $600 |
| Internet Services | $3,000 |
| Postage | $2,000 |
| Video Production & Copies | $6,200 |
| Travel Costs to Secure Contracts | $10,000 |
| Computer | $3,000 |
| Other | $2,000 |
| Total Start-up Expenses | $33,400 |
| Start-up Assets | |
| Cash Required | $36,400 |
| Other Current Assets | $3,000 |
| Long-term Assets | $0 |
| Total Assets | $39,400 |
| Total Requirements | $72,800 |
2.3 Locations and Facilities
The initial office will be established in Fargo, North Dakota. With direct flights to Chicago, Minneapolis, and Denver, the central location provides timely access both East and West. Once the core team is well established (seven or more in Fargo), the organization will be in a position to employ out-of-state consultants. The moratorium on out-of-state consultants offers an opportunity to form a strong core group and culture, with frequent training opportunities and little expense.
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