Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Co-op Fund-raising

Basics of co-op fund-raising, and ideas for us.
by

Peter Frank

on 2 February 2016

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Co-op Fund-raising

How co-ops raise money
Membership investments
Member loans
Preferred shares
Fund-raising
Grants
Donations
Sales

Fund-raising start-ups
Starting from scratch
Building membership is essential
Raise enough cash for lender
Whatever it takes Timeline
Member investors
$200 Fund-raising
events
sales Grants
Training
Specific projects Member Loans
From members
Can account for as much as member investments Preferred shares
Similar to member loans
More equity-like Donations
$
labor
Equipment, etc. July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 Initiate Membership Drive
Strategize
Organize
Prioritize Implement plan
Recruit volunteers
Educate advocates Membership Campaign Member Loan Campaign May 2011 June 2011 July 2011 Financing Membership Goal
100 members Membership Goal
300 members
Initiate member loan campaign
Revise plan
Commit to a scenario/overall goal
Membership Goal
500 members
Final push
Open Store!!!

August 2011 Scenario #1 – 3000 Sq Ft Own
a. Construction Loan @ $554,000 (combines acquisition and renovation costs); 20% down payment @ $110,880.
b. Permanent Loan @ $443,520 (pays off construction loan at lower rate/longer amortization); 10% down payment @ $44,352.
c. Equipment Loan @ $180,000; 20% down payment @ $36,000
d. Inventory @ $44,523
e. Operating Cash @ $10,000

Total Cost (Loans + Cash): $788,523
Finance (acquisition, renovation, equipment): $734,000
Cash (operating, down payments, inventory): $ 245,755

Equity needed for loan (50-75%): $ 389,261.50 - $ 583,892.25

Fundraising Goal: $389,261.50 - $ 583,892.25

Member investments: 800 members = $160,000
Member loans: 50 loans @ $2,000 avg. = $100,000
Preferred shareholders: 20 shares @ $3,000 = $60,000
Fundraising activities: $30,000
Market Place sales: $10,000
Corporate sponsorship/loans: $100,000
Fundraising TOTAL: $460,000
Scenario #2 – 1750 Sq Ft Own
a. Construction Loan @ $332,750 (combines acquisition and renovation costs); 20% down payment @ $66,550.
b. Permanent Loan @ $279,355 (pays off construction loan at lower rate/longer amortization); 10% down payment @ $27,935.
c. Equipment Loan @ $74,375; 20% down payment @ $14,875
d. Inventory @ $25,981
e. Operating Cash @ $7,500

Total Cost (Loans + Cash): $440,606
Finance (acquisition, renovation, equipment): $407,125
Cash (operating, down payments, inventory): $142,841

Equity needed for loan (50-75%): $203,562.50 - $305,343.75

Fundraising Goal: $203,562.50 - $305,343.75

Member investments: 500 members = $100,000
Member loans: 25 loans @ $2,000 avg. = $50,000
Preferred shareholders: 10 shares @ $3,000 = $30,000
Fundraising activities: $20,000
Market Place sales: $7,000
Fundraising TOTAL: $277,000

____________________________________________________________________________________

$460,000 or $277,000
More is ok too
Full transcript