Youth Mentor
Youth mentor will be a non-profit organization that will focus on offering mentoring programs for the youths at the age of 18 – 30. The organization will form alliances with local schools and the juvenile court system in the district.
Mission of the Company
The mission of the company is to mentor the youths and to offer them affirmative reinforcement together with engaging them in community work and group adventures. Therefore, the organization will be operating towards fostering commitment of the youths in order to promote strong interpersonal skills, pro-social relationships and reassert hope to them in future.
Financial Plan
Youth Mentor will develop a funding support program from private donors and local businesses in the community. Some of the donors will include partnered local schools, large companies such as Delta Air Lines, Nike, McDonalds and NBA among others. However, it will take approximately 3 years before funding programs with these donors becomes strong and official. The basic expenditures of the finances obtained from these donors will be to train and manage the mentors together with sustaining mentorship programs and other activities for the youths. Therefore, diligence will be employed to funds allocation in order to serve the most crucial programs maximally. This will be achieved through implementing an effective fund allocation and communication system through appropriate fiscal financial data report. The number of donors expected in within the first fiscal year is 10 where each will be expected to contribute at least $5,000 annually.
Financial Plans Assumptions
It is factual that an effective financial plan is based on the significant assumptions and projections basically regarding the market condition during operation. Thus, the following are some of the assumptions that will determine the progress of the organization;
Slow economic growth rate with minimal recession
Incessant demand for services by the target and potential youths
Limited or no unpredicted changes in the funding and potential donors’ availability
We expect future broad mentoring support from the community.
Financial and Social Impact Measuring and Demonstration
The financial impact will be measured with the capacity of the organization in terms of the number of the youths hosted for the mentorship program within a certain period of time. As the number of the youths in the organization increase, the funds from the donors will be in high demands thereby measuring demonstrating the financial impact to the organization. On the other hand, the social impact will be measured through the recognition of Youth Mentor both locally and abroad particularly outside the state. Consequently, social impact will be demonstrated by the number of enrollments by the youths and the results exhibited after graduation from the mentorship program. It is noteworthy that in order to measure both the financial and social impact, performance will be one tool that will be employed. Therefore, the following is the graph of the projected surplus and deficit in one fiscal year of operation.
Strengths and Weaknesses
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Strengths |
Weaknesses |
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· Qualified staff members · Less competition · Monopolistic market · Availability of potential donors · Strong partnership with local schools and district juvenile court · Government support |
· Susceptible to economic recession · Unwillingness of youths to enroll for mentorship programs · Few potential donors · Increased government regulation |
Recommendations
- Creation of strong networks with target local schools and the juvenile court of the district
- Effective development of fundraising strategies
- Effective training of the recruited members
- Planning for effective control measures of unpredicted economic changes
- Planning for strategies of convincing youths to enroll for the mentorship programs
