David Clemons (trading 501c3) initial (draft)

David Clemons

Oct 31 • Business Launchpad

Team,

Please see attached PDF I crafted from google powerpoint(?).

I am seeking to verify 'what all' am I missing to at least ensure I am on the right track.

I acknowledge I still need to provide a 'demographics' breakdown.

(Average cost of living, wage, age group densities, and so much more)

(Before I dig too much into those weeds for exact specifics... 'which should I focus or narrow into'?) Based upon the PDF attached, please advise if I need to be more 'concise' or if this is sufficient 'as is'?

To be able to 'fund' something of this magnitude "starting" for all funds needed to the 'sustaining' itself, I think I would need to have something like the following for expenses to 'sustain' itself:

1. Lead Instructor: $30-$45 (per hour)

2. TA / Learning Coach (behavioral Tech / Peer Specialist profile): $18-$25 (per hour)

3. Licensed psychologist: $60-$70 (per hour)

4. Social Worker (MSWW/LCSW) for case management/referrals: $29.00 (per hour)

5. Cleaner: $16-24 per hour (after class to reset)

6. Security (optional) $15-$21 hour)

7. Program Coordinator: (admin): $27.00 (hour)

Location (starting out):

$20.00 per hour (depending on if tem short term)

or $75/hr for 4 hour minimum

If/When leasing:

$2,625-$3,010.

Electricity: $350

Internet: $110

Printing/Journals/supplies: $125

Childcare: $16 - $18 (hour)

Meals (B+L+D)=$420 (per person per 20+days each month)

Insurance (starter nonprofit stack):

Business owner's policy: $82.00

Workers' comp: $49.00

Directors and Officers : $143

One- time equipment (starter classroom kit):

20 refurbished windows laptops: $5,400.

Mid-range classroom projector: $899-1,000

Basic B/w laser printer: $150 (fluctuate actual price)

Optional Software (TradingView Plus): $29.00 (per seat PER MONTH)

End Goal Objective would be this:

Teaching phase (one of each set criteria)

Testing phase (one of each set criteria)

Trading phase (one of each set criteria)

Not providing any more funds than 'accepted' by the participant attending the course to learn how to trade and test out to trade and making funds 'to trade with' for themselves.

Logic and reasoning:

If coming from a lower income than 'desired' custom mindset (psychology) they may not want additional or 'more than' income as it will mess with their benefits cliff off the criteria that relates to their 'eligibility' and to 'go back on' may be more difficult once they 'show they are' making more than prior coming off the program due to this 'opportunity'.

Meaning:

If I teach someone typically making $10,000 a year getting SNAP, WIC, Section 8, MEDICAID, etc... because of their income level..

To suddenly make $70,000 they may be uncomfortable taking off "SNAP, WIC, Section 8, MEDICAID" because they don't know how to 'afford' and 'budget' or are aware of all the pros/cons of that level of income.

And if they suddenly pass the 'testing' and see they are making $120,000 a month. Would they suddenly want this $120,000 if they don't know next year if they might only make $40,000 without adequate funding or knowledge from failing to make profits in the trading next year now dealing with needing to be placed on (and waiting) for SNAP, WIC, section 8, Medicaid etc.?

This is part of the 'administrative' counseling/advising/asking timeline to go over with the individual explaining the concept and mindset and why or 'how' they would want to get that 'full amount' or 'partial' amount, while asking for them to consider 'donating' a portion of whatever they 'make' as proceeds donated to help sustain the organization trading in our location with our systems in place. And potential to 'hold their excessive profits' until they are ready to receive those 'profits' or 'donate' them to the organization that is helping them to trade successfully and helping the organization set-up everything required for helping the community.

Respectfully,

David B. Clemons

Did I provide all the information?

Am I missing any important information?

Something else? See Comment below

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