Center for Technology and Investment
The Center for Technology and Investment is a start-up nonprofit. The nonprofit was the brainchild of Bill Franklin, sole proprietor.
The company has its headquarters in Baker City, Oregon. This location was chosen due to its proximity to small business empowerment zones, and rural development zones that tend to receive preferential treatment under the SBA’s SBIR/STTR funding initiatives.
The Center for Technology and Investment is a 501(c)(3) nonprofit corporation, and most revenue is collected through grants and other fundraising efforts, while a small percentage of funding arrives through the company’s client base of rural and semi-rural small businesses.
2.1 Legal Entity
The Center for Technology and Investment is a nonprofit company incorporated in Oregon.
The board of Directors is made up of several high profile business professors and professionals living in and around the Eugene/Portland Metro area. The board holds its meeting every August in Cannon Beach, Oregon.
2.2 Start-up Summary
The company begins as a going concern with very little debt, and a lot of liquid capital – cash. The idea behind this type of start-up plan is to keep overhead at a bare minimum so that the service business can thrive on the knowledge and expertise of Bill Franklin. The second largest expense upon startup, and the largest ongoing expense affecting free cash flow is simply the lease payment on the office space in Baker City, OR.
|Start-up Expenses to Fund||$19,050|
|Start-up Assets to Fund||$25,950|
|Total Funding Required||$45,000|
|Non-cash Assets from Start-up||$10,000|
|Cash Requirements from Start-up||$15,950|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$15,950|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$35,000|
|Loss at Start-up (Start-up Expenses)||($19,050)|
|Total Capital and Liabilities||$25,950|
|Total Start-up Expenses||$19,050|
|Other Current Assets||$0|