penses
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Fiscal Years 2019 and 2020
Revenue Explanation
Second Chance has proved successful in past fundraising efforts. This success is evident by the over $650,000 raised previously and used for the initial construction of our Second Chance Homeless Shelter. For fiscal year 2019, we have raised another $28,000 through fundraising efforts. We anticipate being able to raise at least that much, and more, in 2019. Per the Philanthropy Roundtable, the Dallas-Ft. Worth area ranked 8th in the top 15 Most Generous cities in 2015. The state of Texas ranked 12th among all the United States. This level of giving is attributed to the political ideology and religious practices observed in this area (Statistics on U.S. Generosity, 2018). For this reason, we anticipate additional successful fundraising in 2019.
In 2015, approximately 15% of U.S. charitable donations went to Human Services. This figure was less than the 39% donations given to Religion (Statistics on U.S. Generosity, 2018). Also, individual giving still provides 71% of total charitable donations. Because of this type of validation, we will increase our individual fundraising efforts and we will target corporations for in kind contributions. Corporations are more inclined to provide in kind gifts because they are tax deductible. These products or services are often beneficial to the company because it involves their employees in charitable activities and the employees are grateful to the company for opportunities to give back to communities (Scott, 2014).
Below are the 2019 and 2020 Revenue Charts illustrating the Change in Funding
Expenses Explanation
Building
The major expense Second Chance foresees in 2018, is expansion of our Second Chance Shelter. According to recent published information, Dallas is ranked as the 46th highest cost of living city in North America (Cost of Living Map , 2018). Because of this, we estimate that expanding our current facility will return the most value for money invested. Dallas construction costs remain stable, but may trend upward due to rising demand. We feel strongly the expansion should take place in 2019 before costs increase even more.
Medical Care Client Needs
Second Chance anticipates adding additional medical care services for our clients in 2019. We have a relationship with a nearby medical facility and we do have a commitment for at least ten hours per week for professional medical volunteers. However, we will need to provide basic medical supplies for the volunteer for things like aspirins, bandages and basic medical care items. We anticipate a budget of $75 per week for this expense which leads to an annual budget amount of $3,900.00. By having this amount in the budget, we will be able to take advantage of sales and promotions to keep these items supplied at the Shelter.
Personal Care Client Needs
One of our primary goals in 2019 is to enable our clients to practice better hygiene. We are aware of the importance of cleanliness to the health, safety and morale of homeless individuals. To this end, we are proposing additions to our outreach program of volunteers to go out to the community to provide these items. We will include basic hygiene items such as toothbrushes, toothpaste and deodorant, and will also provide basic clothing needs such as socks, underclothing and blankets. Along with our in-kind donations from benevolent organizations we anticipate a budget of $100 per week for this outreach program. This anticipation leads to an annual budget of $5,200.00.
Drug Rehabilitation Client Needs
Drug Rehabilitation Costs are expensive and many treatments are cost prohibitive for our clientele. The typical cost of treatment can range between $15,000 to $27,000 per person depending on the type of treatment received. (How Much Does Alcohol Rehab Cost?, 2018). Because of this cost, we are proposing to expand our services by utilizing a Drug Addiction Counselor for twenty hours per week in 2019. The average hourly salary for a drug rehabilitation counselor is $15.38 per hour (How Much Does Alcohol Rehab Cost?, 2018). Since we anticipate a half-time employee, this will add approximately $16,000 to our yearly budget. Along with drug literature and miscellaneous costs of $1,000, we anticipate a $17,000 budget for drug rehabilitation costs for our clients in 2019.
Salaries
We anticipate an increase in staffing needs during the expansion and after the expansion is completed. In Texas, the 2018 minimum wage is $7.25 per hour (Texas Minimum Wage for 2017, 2018, 2018). We do not anticipate a change in this rate for 2019. We are estimating an additional need for two half-time employees in 2019. At the minimum wage, it is estimated these new employees will add approximately $15,500 to our salary budget. We anticipate the rest of staffing will be filled by volunteers.
Supplies
We anticipate additional supplies will be part of our budget needs. This will include such items as office equipment, supplies for restrooms and miscellaneous supplies. Because of our in-kind donations and bargain shopping, we anticipate needing $50 per week for these supplies. This leads us to an annual budget of $2600.00
Transportation
Our clients need transportation to various appointments for things like medical care. We do have volunteers who will provide their own vehicles, but we are obligated to furnish gas for these cars. The Texas minimum reimbursement mileage amount is .545 cents per mile (Travel Policy, 2018). We anticipate approximately 100 miles driven each week by volunteers which equals approximately $2,900 for transportation.
Publicity
Our advertising and publicity budget are an important part of fundraising efforts. Many of our printing needs are donated, but we also must provide payment for advertisement for fundraising events. We also must advertise so our client base knows how to find us when needed. The average cost of a newspaper advertisement in a major Dallas publication is $35.00 per week. We anticipate placing advertisements in two papers per week for a cost of $70.00 per week or $3,640 (Cost of Newspaper Advertising in Dallas, Texas, 2018). We hope to convince some newspapers to provide in kind advertising gifts, but if we are not successful at this we believe it is absolutely necessary for our clients to know how to find our Shelter.
Other
Although we attempted to account for every possible expense, there are always unexpected expenses in any organization’s day. This Other category will house our unanticipated emergency issues such as repairs. We are budgeting $1,000 for this expense.
Below is a Chart Representation of Expenses for 2019
Future Funding:
We anticipate our fundraising efforts will increase and become more successful in 2020. We will continue to apply for grants and reimbursements throughout the channels available to us. Our success in 2019 will lead to even great success in 2020. The passion and dedication shown by our leaders and volunteers inspires everyone who comes in contact with our organization and its members.
Conclusion
The needs of the homeless population continue to grow, especially among single mothers and Veterans. These people need our help to live their lives with dignity and respect. Some of the members of the core volunteer group have experienced homelessness themselves or know someone who has experienced homelessness. Their understanding of the devastation of this condition runs deep. The Second Chance Shelter does not have needs: the homeless people of Texas have needs (Maxwell, 2014). Won’t you help us help them and transform at least a part of our world?