YouthSports will be a private, non-profit, youth sports program serving children, ages 6-14, in the Richmond Metro area. The focus of the program is to promote youth sport participation, promote healthy development in youth, and increase youth access to health care.
YouthSports has rented office space near the city cent park system. Outdoor sports will be played on public school and park property. Indoor sports will be played in public school gyms.
2.1 Start-up Summary
Start-up costs and initial financing are shown on the following tables and chart.
|Start-up Expenses to Fund||$342,000|
|Start-up Assets to Fund||$518,000|
|Total Funding Required||$860,000|
|Non-cash Assets from Start-up||$250,000|
|Cash Requirements from Start-up||$268,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$268,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Blue Shield/Blue Cross||$100,000|
|A.I. Kaufman and Sons||$25,000|
|The Richmond Mail||$50,000|
|Additional Investment Requirement||$0|
|Total Planned Investment||$860,000|
|Loss at Start-up (Start-up Expenses)||($342,000)|
|Total Capital and Liabilities||$518,000|
|Research and Development||$0|
|Total Start-up Expenses||$342,000|
|Other Current Assets||$50,000|