Research Paper: Food Reserve Non-Profit Organization Feasibility

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SAMPLE EXCERPT:

[. . .] Some of the programs under consideration for collecting food are:

Basic Food Collections (FC)

Participates will be retailing, wholesale, and food processing companies that donate food items. They will be monthly contributors of donations from their surplus and overstock items.

Fill the Reserve (FtheR)

During the Fall, this fundraiser will is directed to banks and credit unions. Food Bins with the Food Reserve logo will be distributed at the counters and entrances to these institutions and the public is asked to contribute.

Food Reserve Cafe (FRE)

Food Reserve will be a fundraiser that will collect fresh donated foods from area restaurants that will be distributed immediately as an emergency resource.

Corporate Donations

The Executive Board is responsible for soliciting and signing up at least 10 initial corporate investors in order for Food Reserve to launch. A commitment or contract agreement has to be reached for a period of at least three years from each corporation in exchange for tax benefits (Choosecincy.Sectors, 2012).

Gleaners

Farmers that have produce that is fresh and remained unsold is slatted for distribution through Food Reserve to the communities. It has been noted that there are tons of food thrown away simply because no one pulled it in from the fields or were available to take it from left over sales at the market. Gleaning these foods presents a huge opportunity to save these wasted foods and feed them to those in need before they are no longer viable to eat. Volunteers will be needed to go out and help glean these foods from the local community agencies.

Youth Ranch

The youth Ranch will support raising healthy dairy animals, and grow vegetables in gardens by youth. These young people will learn how to operate a farm and also earn money. The hope is that participation will foster better relationships and give a chance to learn skills in how to operate equipment and a small business. The produce and dairy products can then be sold to retailers and at local produce stands throughout the city in the summer months. Partial proceeds will go back into the Food Reserve to promote its programs.

Management Summary

Food Reserve's will be managed by a board of directors. The head of the organization will be on the board as the executive Food Reserve manager. There will need to be about five managers or coordinators to direct the services and programs.

The departments that the coordinators will manage include (Choosecincy.org, 2012):

Food Reserve Manager

Food Collection Manager

Food Disbursement Manager

Warehouse Manager

Youth Ranch Manager

Volunteer Services Manager

The managers will receive wages based on the number of hours of service. The board will determine the salaries and any surplus revenues are to be invested in the Food Reserve Programs.

Financial Plan Cost/Benefits

Food Reserve gets its funding from state and local government agencies, private investors, corporate investors, and public fundraising efforts. The assumption that the amount of funding will increase is expected over the next 3-5 years. Each year the Executive manager and the board of directors has the task of evaluating the continued viability and feasibility of the program and making the appropriate adjustments. Depending on how effective Food Reserve has been in assisting its target markets. The hope is that the number of people facing hunger will decrease year to year by 10%. The future at that point for the Food Reserve to expand its services into other areas such as health, nutrition, and expanding the size and use of the Ranch.

Costs: Start Up Feasibility Requirements

The total investment needed to begin is $200,000 as shown by figure 1 below. The majority of the cost is in the price of transportation that will be through donations of trucks and the storage location or warehouse. All other costs are for the maintenance of the office such as leasing, insurance, and computer equipment, supplies, etc. It is expected that at least 10 corporate investors will be required to open the doors along with a grant from the state. These assumptions are covered in the following chart and report.

Sample Start up Table 1

Estimate for Food Reserve Start up Funding

Expenses

$124,000

Assets

$76,000

Total Funding for Start up

$200,000

Assets

Assets

$7,000

Start up Cash

$69,000

Add on Cash

$0

Cash Balance

$69,000

Total Assets

$76,000

Liabilities and Capital

Non-at Start up

Liabilities

Current Borrowing

$0

Long-term Liabilities

$0

Accounts Payable (Outstanding Bills)

$0

Other Current Liabilities (interest-free)

$0

Total Liabilities

$0

Capital

Planned Investment

Corporate Sponsorship

$100,000

Philanthropic Trust

$50,000

Jefferson County

$50,000

Additional Investment Requirement

$0

Total Planned Investment

$200,000

Loss at Start-up (Start-up Expenses)

($124,000)

Total Capital

$76,000

Total Capital and Liabilities

$76,000

Total Funding

$200,000

Start up

Requirements

Start-up Expenses

Legal Counsel

$700

Stationery, Letterhead, etc.

$500

Brochures

$800

Food Collection Supplies Tubs, boxes, bins, etc.

$10,000

Insurance

$1,000

Lease

$1,000

Trucks and Vehicles

$50,000

Warehouse Equipment

$40,000

Harvesting/Farm Equipment

$20,000

Total Start up Expenses

$124,000

Start-up Assets

Cash on hand

$69,000

Start up Inventory

$0

Other Current Assets

$0

Long-term Assets Computers

$7,000

Total Assets

$76,000

Total Requirements

$200,000

Benefits Forecast growth of Food Reserve over three years (Hofstrand, 2012).

Key: FC Food Collecting, FTB Fill the Bin, FRE Food Reserve Cafe, CD Corporate Donations, YF Youth Ranch

References

Census.gov. (2011). Poverty Census Data. January 25, 2012 from http://www.census.gov/hhes/www/poverty/poverty.html

Cincinatti-oh.gov. (2011). Cincinnati 2011-2012 Biennial Budget. January 25, 2012 from http://www.cincinnati-oh.gov/cmgr/downloads/cmgr_pdf40554.pdf

Choosecincy.com (2012). Demographics. January 25, 2012 from http://www.choosecincy.com/datacenter/demographics

Choosecincy.com (2012). Economy. January 25, 2012 from http://www.choosecincy.com/datacenter/economy

Choosecincy.com. (2012). Giving You Reason to Choose Workforce. January 25, 2012

from http://www.choosecincy.com/datacenter/workforce

Choosecincy.com (2012). Key Sectors. January 25, 2012 from http://www.choosecincy.com/datacenter/key_sectors

Hofstrand, D. (2012). When to do and how to do a Feasibility Study. January 24, 2012 from http://www.extension.iastate.edu/agdm/wholefarm/html/c5-64.html

Hofstrand, D. (2012-2). Understanding Cash Flow Analysis. January 24, 2012 from http://www.extension.iastate.edu/agdm/wholefarm/html/c3-14.html

Hofstrand, D, and Holz-Clause, M. (2012). What is… [END OF PREVIEW]

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Food Reserve Non-Profit Organization Feasibility.  (2012, January 27).  Retrieved May 25, 2019, from https://www.essaytown.com/subjects/paper/food-reserve-non-profit-organization/7150894

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"Food Reserve Non-Profit Organization Feasibility."  27 January 2012.  Web.  25 May 2019. <https://www.essaytown.com/subjects/paper/food-reserve-non-profit-organization/7150894>.

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"Food Reserve Non-Profit Organization Feasibility."  Essaytown.com.  January 27, 2012.  Accessed May 25, 2019.
https://www.essaytown.com/subjects/paper/food-reserve-non-profit-organization/7150894.