Board of Directors.
We will start with three board of directors (BOD), and will be comprised of a President, a Secretary, and a Treasurer with two year terms. The BOD's will grow as needed, and will be selected by their field of expertise, as it relates to his project: financial advisors, technology guy, lawyers, real estate agents, bankers, etc.
Staff and Volunteers.
An Executive Director and additional staff to properly administer the organization. Staff should be paid at competitive wages in line with their responsibilities, a reasonable living wage with benefits. Volunteers will be needed to offer consultations and other services for our participants. Benefits: Vacations, Medical, 5% match, sick days, comp time, more.
We'll strive to find professional individuals to become staff and volunteers, certified whenever possible, in the fields of Real Estate Professional, Financial Professional, Legal Professional, Business Professional/Entrepreneur, Tax Professional, and Community Professionals.
Age demographics Non working, working, retired, seniors.
Income demographics Poverty, low, medium, high income.
Ethnic demographic: Everyone is welcome.
Region Starting in Boulder County, growing to Colorado, then the world.
We will seek funding from the following: Foundations, Private and Government grants, and Individual Donations.
We will use industry standard quality processes, and if appropriate, seek quality certifications to certify high quality customer service and gain credibility within the community and participants.
Budget Projection. (detail available upon request)
Year One Two Three
Total: $215,744 | $340,794 | $577,626
We consider key partners organizations whose participants can be natural clients for our programs and services, and volunteers.
Schools and School Districts
Minority groups and organizations
Senior Services organizations
Family Resource organizations
Food Bank organizations
Human Services non profits
Housing assistance organizations
City and government organizations
Phase One - Set the Foundation
Our initial phase is one for building and organizing.
Incorporate myWealthBeing in Colorado as a nonprofit corporation Get a Federal Tax ID. Open bank account Create myWealthBeing Bylaws and corporate structure. Select a board of directors (Ingrid Castro, Ricardo Cabrera, Peter Salas)
Approve our Bylaws.
Submit our 501(c)3 designation request to the IRS. Create a website, brochures and other basic communications tools. Create initial Business Plan and Budget
Milestone: Receive 501(c)3 designation from the IRS.
Phase Two - Infrastructure and Programs
First Board Retreat
Designate an Executive Director
Start placing administrative, CRM and other systems in place to ensure a smooth running of operations, grant management, scheduling and other infrastructure processes.
Find a technology partner to start defining and designing our phone app.
Define and activate initial programs: Personal, Business and Home Ownership.
Define roles and responsibilities for program managers for programs and volunteers (Job descriptions)
Create a referral network to all local resources where participants can reach out for assistance.
Start key partner search, and start filling our participant funnel.
Milestone: Reach one year fundraising budget goal and start design of phone app.
Phase Three - Technology and Participants
Expand farming operation to continue filling our participant funnel.
Continue growing our partner network to further fill our participant network.
Continue the design of our phone app.
Milestone: Reach a participant goal of XXX individuals and partner network.
Phase Four - Participants
Once our phone app is completed and fully released
Start a full (paid) marketing campaign to further expand our farming operations
Research needs to add additional programs/managers.
Milestone: Complete phone app and reach second participant milestone of XXX participants.